June 16, 2009

Greenback weaker on data

Story link: Greenback weaker on data

The US dollar was weaker in relation to the euro Tuesday as sentiment improved in Germany and demand for the greenback as a safe investment declined after housing starts were reported higher in the US in May.
The ZEW index of investor and analyst expectations stood at 44.8 this month, showing that German sentiment has risen […]

June 15, 2009

Pound weaker versus USD, yen

Story link: Pound weaker versus USD, yen

The pound weakened versus the US dollar and the yen Monday after the Confederation of British Industry predicted that the UK economy will not return to growth until next year and said that the Bank of England might need to print more money.
In addition, the pound was hurt by declines in equities markets.
At just before […]

May 6, 2009

US jobs report raises risk appetite

Story link: US jobs report raises risk appetite

The US dollar was weaker in relation to the Australian dollar Wednesday after a private report said that the US lost fewer jobs last month than had been expected, making investors more confidence in seeking out risky trades for higher-yielding currencies.
ADP Employer Services said that the US dropped 491,000 jobs in April, over 150,000 fewer […]

April 23, 2009

Euro stronger, USD weaker on data

Story link: Euro stronger, USD weaker on data

The euro strengthened Thursday after a survey put the Markit index of Eurozone manufacturers and services at 40.5 in April, up from 38.3 in March.
While any reading below 50 means a contraction, the new data shows that contraction among the manufacturers and services in the region has slowed down from earlier surveys.
The yen was hurt […]

April 2, 2009

Euro gains after ECB action

Story link: Euro gains after ECB action

The euro gained value Thursday after the European Central Bank cut interest rates by a quarter of a percentage point to 1.25 percent, less than the half a percentage point decline expected by most analysts.
At around 11:30 a.m. in New York, it took $1.345 to buy a euro while the yen traded at ¥133.887 to […]

March 24, 2009

Yen weakens again

Story link: Yen weakens again

The yen weakened Tuesday on more risk appetite among investors based on the hope that new US initiatives to help the economy will be successful and on the possibility that Japan could show a trade deficit for another month.
By shortly after 11 a.m. in New York, the yen had taken back a bit of its […]

March 18, 2009

Unemployment rise hurts pound

Story link: Unemployment rise hurts pound

The pound was down Wednesday after unemployment claims rose more than expected and on the news that the Bank of England voted unanimously to print more cash.
The Office of National Statistics said that unemployment claims in the UK were up by 138,400 to 1.39 million, against an expected rise of 84,800, the fastest rate of […]

March 17, 2009

Pound hurt by home prices, equities slide

Story link: Pound hurt by home prices, equities slide

The pound was weaker versus the euro and the US dollar Tuesday as equities markets were lower, as home prices in the UK were reported to have fallen yet again, and ahead of a government report expected to show that unemployment grew in February.
The Department for Communities and Local Government reported that house prices in […]

March 13, 2009

Swiss currency weaker on intervention

Story link: Swiss currency weaker on intervention

The Swiss franc was weaker again Friday as the Swiss National Bank continued to intervene to weaken the currency, taking the Swiss currency to its biggest weekly decline versus the euro since 1999.
The intervention came after the franc’s value had risen enough to make Swiss products less competitive in European and US markets.
Manufacturing activity has […]

March 12, 2009

Pound weaker on BofE bond purchases

Story link: Pound weaker on BofE bond purchases

The pound weakened Thursday as some equities markets saw declines and after the Bank of England began to purchase UK government bonds in a program of quantitative easing.
Yields on bonds there have declined since the program was disclosed last week after the Bank cut UK interest rates.
In late morning trade in New York, the pound […]

March 2, 2009

USD up on additional AIG rescue

Story link: USD up on additional AIG rescue

The US dollar gained ground on the euro and the pound Monday as the greenback was in demand as a safe place for cash after the news that insurer American International Group (NYSE: AIG) will get up to $30 billion more in US government bailout money on top of the $150 billion bailout it got […]

January 21, 2009

Pound weakens on Mervyn King remarks

Story link: Pound weakens on Mervyn King remarks

The pound lost ground to the US dollar, the yen and the euro on Wednesday, although in afternoon trade in New York it got back a bit of its losses to the Japanese currency.
Losses for the pound came after Bank of England governor Mervyn King said that the Bank could start buying corporate bonds and […]

January 13, 2009

Lower trade deficit helps USD

Story link: Lower trade deficit helps USD

The US dollar gained on the euro Tuesday after the US Commerce Department reported that the US trade deficit fell to $40.4 billion in November, its lowest in five years.
The greenback was also helped by the perception that it is a safe investment as some speculated that as the first economy hurt by the recession, […]

January 6, 2009

Eurozone inflation decline weakens euro

Story link: Eurozone inflation decline weakens euro

The euro was weaker versus the US dollar Tuesday on speculation that the European Central Bank will cut interest rates more than previously expected due to declines in Eurozone inflation over the past few months.
Inflation in the Eurozone was at 1.6 percent in December, less than the 1.8 percent which had been anticipated, falling from […]

January 5, 2009

USD gains on stimulus speculation

Story link: USD gains on stimulus speculation

The US dollar gained on the euro, the yen and several other currencies on speculation that a stimulus package to be introduced by US President-elect Barack Obama will include tax cuts equaling up to 40 percent of the package and worth several hundred billion dollars.
In one version of the tax cuts being discussed, individuals would […]

October 6, 2008

Euro weaker on credit mess

Story link: Euro weaker on credit mess

The euro weakened Monday as the credit crisis spread to Europe and banks there headed for bailouts while the yen saw gains as investors deserted carry trades amid chaos in the markets.
In Germany, a group including the German government and private banks and insurers mounted a rescue of Hypo Real Estate Holdings (FWB: HRX), the […]

September 25, 2008

Pound gains on inflation comments

Story link: Pound gains on inflation comments

The pound gained on the US dollar, the euro and the yen Thursday after a Bank of England official said that the Bank needs to keep inflation as its main focus when deciding policy after new data showed that UK inflation was up to 4.7 percent in August.
In morning trade in New York, the pound […]

September 19, 2008

USD declines against emerging market currencies

Story link: USD declines against emerging market currencies

Currency moves Friday were driven by plans and anticipation of more plans by the US to rush legislation through Congress that is designed to shore up confidence in the financial markets.
Among the plans announced was one from the US Treasury Department to use up to $50 billion from the Exchange Stabilization Fund, a fund first […]

September 18, 2008

USD down versus euro

Story link: USD down versus euro

The US dollar declined versus the euro and then yen declined on slightly increased appetite for higher-yielding currencies after the US Federal Reserve authorized other central banks to auction dollar to banks.
Also hurt by a second day of gains in oil prices and an unexpected gain in first-time jobless claims to 455,000 last week, the […]

September 15, 2008

Lehman bankruptcy helps yen

Story link: Lehman bankruptcy helps yen

Moves in currencies markets were driven Monday by the bankruptcy of Lehman Brothers (NYSE: LEH), with the yen and Swiss franc benefiting as investors pulled out of risky currency investments financed with the low-yielding currencies.
Also helping the yen was more trouble for US insurer American International Group (NYSE: AIG), which unsuccessfully sought more capital […]


Daily World Currencies News from London		Wednesday 08th of September 2010
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	June 16, 2009 Greenback weaker on data Story link: Greenback weaker on data The US dollar was weaker in relation to the euro Tuesday as sentiment improved in Germany and demand for the greenback as a safe investment declined after housing starts were reported higher in the US in May. The ZEW index of investor and analyst expectations stood at 44.8 this month, showing that German sentiment has risen […] June 15, 2009 Pound weaker versus USD, yen Story link: Pound weaker versus USD, yen The pound weakened versus the US dollar and the yen Monday after the Confederation of British Industry predicted that the UK economy will not return to growth until next year and said that the Bank of England might need to print more money. In addition, the pound was hurt by declines in equities markets. At just before […] May 6, 2009 US jobs report raises risk appetite Story link: US jobs report raises risk appetite The US dollar was weaker in relation to the Australian dollar Wednesday after a private report said that the US lost fewer jobs last month than had been expected, making investors more confidence in seeking out risky trades for higher-yielding currencies. ADP Employer Services said that the US dropped 491,000 jobs in April, over 150,000 fewer […] April 23, 2009 Euro stronger, USD weaker on data Story link: Euro stronger, USD weaker on data The euro strengthened Thursday after a survey put the Markit index of Eurozone manufacturers and services at 40.5 in April, up from 38.3 in March. While any reading below 50 means a contraction, the new data shows that contraction among the manufacturers and services in the region has slowed down from earlier surveys. The yen was hurt […] April 2, 2009 Euro gains after ECB action Story link: Euro gains after ECB action The euro gained value Thursday after the European Central Bank cut interest rates by a quarter of a percentage point to 1.25 percent, less than the half a percentage point decline expected by most analysts. At around 11:30 a.m. in New York, it took $1.345 to buy a euro while the yen traded at ¥133.887 to […] March 24, 2009 Yen weakens again Story link: Yen weakens again The yen weakened Tuesday on more risk appetite among investors based on the hope that new US initiatives to help the economy will be successful and on the possibility that Japan could show a trade deficit for another month. By shortly after 11 a.m. in New York, the yen had taken back a bit of its […] March 18, 2009 Unemployment rise hurts pound Story link: Unemployment rise hurts pound The pound was down Wednesday after unemployment claims rose more than expected and on the news that the Bank of England voted unanimously to print more cash. The Office of National Statistics said that unemployment claims in the UK were up by 138,400 to 1.39 million, against an expected rise of 84,800, the fastest rate of […] March 17, 2009 Pound hurt by home prices, equities slide Story link: Pound hurt by home prices, equities slide The pound was weaker versus the euro and the US dollar Tuesday as equities markets were lower, as home prices in the UK were reported to have fallen yet again, and ahead of a government report expected to show that unemployment grew in February. The Department for Communities and Local Government reported that house prices in […] March 13, 2009 Swiss currency weaker on intervention Story link: Swiss currency weaker on intervention The Swiss franc was weaker again Friday as the Swiss National Bank continued to intervene to weaken the currency, taking the Swiss currency to its biggest weekly decline versus the euro since 1999. The intervention came after the franc’s value had risen enough to make Swiss products less competitive in European and US markets. Manufacturing activity has […] March 12, 2009 Pound weaker on BofE bond purchases Story link: Pound weaker on BofE bond purchases The pound weakened Thursday as some equities markets saw declines and after the Bank of England began to purchase UK government bonds in a program of quantitative easing. Yields on bonds there have declined since the program was disclosed last week after the Bank cut UK interest rates. In late morning trade in New York, the pound […] March 2, 2009 USD up on additional AIG rescue Story link: USD up on additional AIG rescue The US dollar gained ground on the euro and the pound Monday as the greenback was in demand as a safe place for cash after the news that insurer American International Group (NYSE: AIG) will get up to $30 billion more in US government bailout money on top of the $150 billion bailout it got […] January 21, 2009 Pound weakens on Mervyn King remarks Story link: Pound weakens on Mervyn King remarks The pound lost ground to the US dollar, the yen and the euro on Wednesday, although in afternoon trade in New York it got back a bit of its losses to the Japanese currency. Losses for the pound came after Bank of England governor Mervyn King said that the Bank could start buying corporate bonds and […] January 13, 2009 Lower trade deficit helps USD Story link: Lower trade deficit helps USD The US dollar gained on the euro Tuesday after the US Commerce Department reported that the US trade deficit fell to $40.4 billion in November, its lowest in five years. The greenback was also helped by the perception that it is a safe investment as some speculated that as the first economy hurt by the recession, […] January 6, 2009 Eurozone inflation decline weakens euro Story link: Eurozone inflation decline weakens euro The euro was weaker versus the US dollar Tuesday on speculation that the European Central Bank will cut interest rates more than previously expected due to declines in Eurozone inflation over the past few months. Inflation in the Eurozone was at 1.6 percent in December, less than the 1.8 percent which had been anticipated, falling from […] January 5, 2009 USD gains on stimulus speculation Story link: USD gains on stimulus speculation The US dollar gained on the euro, the yen and several other currencies on speculation that a stimulus package to be introduced by US President-elect Barack Obama will include tax cuts equaling up to 40 percent of the package and worth several hundred billion dollars. In one version of the tax cuts being discussed, individuals would […] October 6, 2008 Euro weaker on credit mess Story link: Euro weaker on credit mess The euro weakened Monday as the credit crisis spread to Europe and banks there headed for bailouts while the yen saw gains as investors deserted carry trades amid chaos in the markets. In Germany, a group including the German government and private banks and insurers mounted a rescue of Hypo Real Estate Holdings (FWB: HRX), the […] September 25, 2008 Pound gains on inflation comments Story link: Pound gains on inflation comments The pound gained on the US dollar, the euro and the yen Thursday after a Bank of England official said that the Bank needs to keep inflation as its main focus when deciding policy after new data showed that UK inflation was up to 4.7 percent in August. In morning trade in New York, the pound […] September 19, 2008 USD declines against emerging market currencies Story link: USD declines against emerging market currencies Currency moves Friday were driven by plans and anticipation of more plans by the US to rush legislation through Congress that is designed to shore up confidence in the financial markets. Among the plans announced was one from the US Treasury Department to use up to $50 billion from the Exchange Stabilization Fund, a fund first […] September 18, 2008 USD down versus euro Story link: USD down versus euro The US dollar declined versus the euro and then yen declined on slightly increased appetite for higher-yielding currencies after the US Federal Reserve authorized other central banks to auction dollar to banks. Also hurt by a second day of gains in oil prices and an unexpected gain in first-time jobless claims to 455,000 last week, the […] September 15, 2008 Lehman bankruptcy helps yen Story link: Lehman bankruptcy helps yen Moves in currencies markets were driven Monday by the bankruptcy of Lehman Brothers (NYSE: LEH), with the yen and Swiss franc benefiting as investors pulled out of risky currency investments financed with the low-yielding currencies. Also helping the yen was more trouble for US insurer American International Group (NYSE: AIG), which unsuccessfully sought more capital […] Next Page »
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