November 12, 2007

Flight from risk helps yen, hurts pound

Story link: Flight from risk helps yen, hurts pound

Sterling weakened Monday on worries about the credit crisis had investors backing away from higher-yielding currencies and after a recommendation cut on Europe’s biggest bank when rated by market value.
HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) saw Morgan Stanley cut its recommendation on the bank from “overweight” to “equal weight” on the possibility […]

November 7, 2007

China forex diversification news hurts USD

Story link: China forex diversification news hurts USD

The US dollar suffered and sterling benefited after China said Wednesday that it will diversify its foreign-exchange reserves to favor stronger currencies over weaker currencies.
The announcement was made at a conference in Beijing where a vice director of China’s central bank said that the dollar “is losing its status as a world currency”, while an […]

October 31, 2007

US dollar weaker ahead of Fed decision

Story link: US dollar weaker ahead of Fed decision

The US dollar was weaker against both the euro and sterling again on Wednesday as investors waited to see what the Federal Reserve would do about interest rates.
The greenback also lost ground to the Canadian and Australian dollars as the vast majority of economists in one survey expected the Fed to cut rates again, with […]

October 15, 2007

US dollar drops on session

Story link: US dollar drops on session

The US dollar was lower against many major currencies on Monday.
The euro was trading at $1.4200 versus the greenback in late New York trade, while the pound was at $2.0424 against the dollar and the yen was at ¥117.21 in relation to the US currency.
The UK currency was helped by new data from real-estate website […]

October 8, 2007

US dollar higher on IMF remarks

Story link: US dollar higher on IMF remarks

The US dollar gained ground on Monday after comments from Rodrigo Rato, the head of the International Monetary Fund said that the dollar is undervalued.
In addition, analysts at UBS (NYSE: UBS; SWX: USBN; TYO: 8657) said that concern over the dollar would be on the agenda at the next Group of Seven meeting.
Even so, many […]

September 25, 2007

USD in fourth record low versus euro

Story link: USD in fourth record low versus euro

The US dollar hit a new low against the euro for the fourth session in a row on Tuesday, trading at $1.4153 versus the shared currency at one point in the session and at $1.4146 in late afternoon in New York.
The decline came on the heels of two housing reports that showed that existing […]

September 21, 2007

Yen weakens on return to risk

Story link: Yen weakens on return to risk

The Japanese yen was weaker over the week as recovering equities markets made investors more comfortable with risk again and they began to sell the currency to finance carry trades.
While the yen dropped 0.7 percent to ¥233.15 against sterling, it was 1.5 percent lower to ¥162.60 versus the euro, fell 3 percent to ¥99.90 in […]

September 20, 2007

Euro strengthens versus greenback

Story link: Euro strengthens versus greenback

The euro was stronger on Thursday morning in London after it added 0.5 percent to $1.4035 versus the US dollar as the greenback weakened further in the wake of the Federal Reserve’s decision to cut US interest rates.
Helped by its gain in relation to the dollar, which analysts saw as an important psychological breakthrough, the […]

September 18, 2007

US dollar, yen weaker

Story link: US dollar, yen weaker

The US Federal Reserve announced Tuesday afternoon that it had cut the main interest rate by 0.5 percent to 4.75 percent, the first time it has been reduced in over four years.
The rate cut sent the US dollar to a new all-time low of $1.3964 in relation to the euro, and while the greenback took […]

September 5, 2007

Yen gains on risk aversion

Story link: Yen gains on risk aversion

The yen strengthened on Wednesday as investors once again declined to risk their money in carry trades, while the US dollar declined on new data on home sales that was much worse than had been anticipated.
In midday trade in New York, the yen had added 0.7 percent to ¥157.10 in relation to the euro and […]

August 23, 2007

US dollar declines

Story link: US dollar declines

The US dollar weakened Thursday, falling against both major and emerging markets currencies.
The greenback fell 0.2 percent to $1.3565 in relation to the euro while it dropped 0.6 percent to $2.0050 against sterling and was 0.9 percent lower versus the Canadian dollar, to C$1.0525.
Among emerging currencies, the US currency dropped 0.3 percent to the […]

August 10, 2007

Yen, US dollar decline on central bank actions

Story link: Yen, US dollar decline on central bank actions

After early gains on Friday, both the yen and the US dollar declined late in the day in New York trade after the central banks of Japan, Europe, Canada, Australia, and the US added around $135.7 billion between them to global money markets in an effort to avoid a crisis brought on by problems in […]

July 31, 2007

Yen gains on greenback, euro

Story link: Yen gains on greenback, euro

The Japanese yen strengthened against some currencies on Tuesday as investors retreated from risky investments as they worried about continuing problems in the subprime mortgage sector.
The US dollar dropped 0.5 percent to ¥118.56 against the yen in late afternoon trade in New York, while the euro dropped 0.6 percent to ¥162.22 versus the yen.
The Japanese […]

July 24, 2007

Sterling, euro in new highs versus greenback

Story link: Sterling, euro in new highs versus greenback

The euro and sterling both hit new record highs in relation to the US dollar in morning trade in London on Tuesday, while the yen also gained on the greenback.
The euro was as high as $1.3852 versus the US currency before it dropped back to $1.3830, still a gain of 0.2 percent on the dollar.
Sterling […]

July 10, 2007

US dollar weakens on warnings

Story link: US dollar weakens on warnings

The US dollar weakened Tuesday, with the euro hitting a new high against the greenback on warnings from the retail sector and homebuilders.
The warnings emphasized June data showing that consumer confidence is declining in the United States.
Some analysts blamed the erosion of confidence on higher oil prices.
In midday trade in New York, sterling had added […]

July 6, 2007

US dollar ends week lower

Story link: US dollar ends week lower

After hitting a near-record low versus the euro during the week, the US dollar recovered a bit as the week ended but still closed out the week behind against the euro and sterling, while also losing ground against currencies from oil producers as oil prices went higher.
The dollar dropped 0.3 percent over the week to […]

June 21, 2007

New Zealand dollar continues to gain value

Story link: New Zealand dollar continues to gain value

The New Zealand dollar was on the rise again on Thursday. Despite attempts earlier in the week and last week by the Reserve Bank of New Zealand to try to cool down the kiwi’s rise, there were no signs of intervention by the bank as the currency hit a 20-year high versus the […]

June 19, 2007

Euro down on data

Story link: Euro down on data

The euro saw declines on Tuesday after German investor confidence was reported lower in June. The shared currency was down 0.2 percent to SFr1.6630 versus the Swiss franc by midday in New York, while it fell 0.3 percent against both the yen and sterling to ¥165.40 and £0.6743 respectively.
The ZEW economic expectations index was […]

June 4, 2007

Yen US dollar fall versus euro, sterling

Story link: Yen US dollar fall versus euro, sterling

The euro hit another all-time high in relation to the yen on Monday, while sterling was at its highest level in 15 years against the Japanese currency. The declines for the yen came as investors continued to seek out high-risk carry trades in which they sell low-yielding currencies such as the yen to finance […]

June 1, 2007

Euro, US dollar see gains on week

Story link: Euro, US dollar see gains on week

The US dollar made gains on Friday after new data made it look as if the Federal Reserve will not cut interest rates later in the year as many analysts have suspected they might. The Labor Department reported that 157,000 new jobs were created in May, more than had been anticipated. In […]

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Daily World Currencies News from London		Friday 21st of November 2008
Major Currencies: GBP USD Euro Yen Other Currencies: Australian Dollar Canadian Dollar Czech Koruna Egyptian Pound Forint Israeli Shekel Krona Krone New Zealand Dollar Peso Rand Real Renminbi Rouble Rupee Singapore Dollar Slovak Koruna Swiss franc Turkish Lira Won Zloty	November 12, 2007 Flight from risk helps yen, hurts pound Story link: Flight from risk helps yen, hurts pound Sterling weakened Monday on worries about the credit crisis had investors backing away from higher-yielding currencies and after a recommendation cut on Europe’s biggest bank when rated by market value. HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) saw Morgan Stanley cut its recommendation on the bank from “overweight” to “equal weight” on the possibility […] November 7, 2007 China forex diversification news hurts USD Story link: China forex diversification news hurts USD The US dollar suffered and sterling benefited after China said Wednesday that it will diversify its foreign-exchange reserves to favor stronger currencies over weaker currencies. The announcement was made at a conference in Beijing where a vice director of China’s central bank said that the dollar “is losing its status as a world currency”, while an […] October 31, 2007 US dollar weaker ahead of Fed decision Story link: US dollar weaker ahead of Fed decision The US dollar was weaker against both the euro and sterling again on Wednesday as investors waited to see what the Federal Reserve would do about interest rates. The greenback also lost ground to the Canadian and Australian dollars as the vast majority of economists in one survey expected the Fed to cut rates again, with […] October 15, 2007 US dollar drops on session Story link: US dollar drops on session The US dollar was lower against many major currencies on Monday. The euro was trading at $1.4200 versus the greenback in late New York trade, while the pound was at $2.0424 against the dollar and the yen was at ¥117.21 in relation to the US currency. The UK currency was helped by new data from real-estate website […] October 8, 2007 US dollar higher on IMF remarks Story link: US dollar higher on IMF remarks The US dollar gained ground on Monday after comments from Rodrigo Rato, the head of the International Monetary Fund said that the dollar is undervalued. In addition, analysts at UBS (NYSE: UBS; SWX: USBN; TYO: 8657) said that concern over the dollar would be on the agenda at the next Group of Seven meeting. Even so, many […] September 25, 2007 USD in fourth record low versus euro Story link: USD in fourth record low versus euro The US dollar hit a new low against the euro for the fourth session in a row on Tuesday, trading at $1.4153 versus the shared currency at one point in the session and at $1.4146 in late afternoon in New York. The decline came on the heels of two housing reports that showed that existing […] September 21, 2007 Yen weakens on return to risk Story link: Yen weakens on return to risk The Japanese yen was weaker over the week as recovering equities markets made investors more comfortable with risk again and they began to sell the currency to finance carry trades. While the yen dropped 0.7 percent to ¥233.15 against sterling, it was 1.5 percent lower to ¥162.60 versus the euro, fell 3 percent to ¥99.90 in […] September 20, 2007 Euro strengthens versus greenback Story link: Euro strengthens versus greenback The euro was stronger on Thursday morning in London after it added 0.5 percent to $1.4035 versus the US dollar as the greenback weakened further in the wake of the Federal Reserve’s decision to cut US interest rates. Helped by its gain in relation to the dollar, which analysts saw as an important psychological breakthrough, the […] September 18, 2007 US dollar, yen weaker Story link: US dollar, yen weaker The US Federal Reserve announced Tuesday afternoon that it had cut the main interest rate by 0.5 percent to 4.75 percent, the first time it has been reduced in over four years. The rate cut sent the US dollar to a new all-time low of $1.3964 in relation to the euro, and while the greenback took […] September 5, 2007 Yen gains on risk aversion Story link: Yen gains on risk aversion The yen strengthened on Wednesday as investors once again declined to risk their money in carry trades, while the US dollar declined on new data on home sales that was much worse than had been anticipated. In midday trade in New York, the yen had added 0.7 percent to ¥157.10 in relation to the euro and […] August 23, 2007 US dollar declines Story link: US dollar declines The US dollar weakened Thursday, falling against both major and emerging markets currencies. The greenback fell 0.2 percent to $1.3565 in relation to the euro while it dropped 0.6 percent to $2.0050 against sterling and was 0.9 percent lower versus the Canadian dollar, to C$1.0525. Among emerging currencies, the US currency dropped 0.3 percent to the […] August 10, 2007 Yen, US dollar decline on central bank actions Story link: Yen, US dollar decline on central bank actions After early gains on Friday, both the yen and the US dollar declined late in the day in New York trade after the central banks of Japan, Europe, Canada, Australia, and the US added around $135.7 billion between them to global money markets in an effort to avoid a crisis brought on by problems in […] July 31, 2007 Yen gains on greenback, euro Story link: Yen gains on greenback, euro The Japanese yen strengthened against some currencies on Tuesday as investors retreated from risky investments as they worried about continuing problems in the subprime mortgage sector. The US dollar dropped 0.5 percent to ¥118.56 against the yen in late afternoon trade in New York, while the euro dropped 0.6 percent to ¥162.22 versus the yen. The Japanese […] July 24, 2007 Sterling, euro in new highs versus greenback Story link: Sterling, euro in new highs versus greenback The euro and sterling both hit new record highs in relation to the US dollar in morning trade in London on Tuesday, while the yen also gained on the greenback. The euro was as high as $1.3852 versus the US currency before it dropped back to $1.3830, still a gain of 0.2 percent on the dollar. Sterling […] July 10, 2007 US dollar weakens on warnings Story link: US dollar weakens on warnings The US dollar weakened Tuesday, with the euro hitting a new high against the greenback on warnings from the retail sector and homebuilders. The warnings emphasized June data showing that consumer confidence is declining in the United States. Some analysts blamed the erosion of confidence on higher oil prices. In midday trade in New York, sterling had added […] July 6, 2007 US dollar ends week lower Story link: US dollar ends week lower After hitting a near-record low versus the euro during the week, the US dollar recovered a bit as the week ended but still closed out the week behind against the euro and sterling, while also losing ground against currencies from oil producers as oil prices went higher. The dollar dropped 0.3 percent over the week to […] June 21, 2007 New Zealand dollar continues to gain value Story link: New Zealand dollar continues to gain value The New Zealand dollar was on the rise again on Thursday. Despite attempts earlier in the week and last week by the Reserve Bank of New Zealand to try to cool down the kiwi’s rise, there were no signs of intervention by the bank as the currency hit a 20-year high versus the […] June 19, 2007 Euro down on data Story link: Euro down on data The euro saw declines on Tuesday after German investor confidence was reported lower in June. The shared currency was down 0.2 percent to SFr1.6630 versus the Swiss franc by midday in New York, while it fell 0.3 percent against both the yen and sterling to ¥165.40 and £0.6743 respectively. The ZEW economic expectations index was […] June 4, 2007 Yen US dollar fall versus euro, sterling Story link: Yen US dollar fall versus euro, sterling The euro hit another all-time high in relation to the yen on Monday, while sterling was at its highest level in 15 years against the Japanese currency. The declines for the yen came as investors continued to seek out high-risk carry trades in which they sell low-yielding currencies such as the yen to finance […] June 1, 2007 Euro, US dollar see gains on week Story link: Euro, US dollar see gains on week The US dollar made gains on Friday after new data made it look as if the Federal Reserve will not cut interest rates later in the year as many analysts have suspected they might. The Labor Department reported that 157,000 new jobs were created in May, more than had been anticipated. In […] « Previous Page — Next Page »
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