July 16, 2008

USD gains on lower oil prices

Story link: USD gains on lower oil prices

The US dollar made gains in relation to the euro after oil prices fell again in reaction to higher than expected stockpiles in the United States and after the decline in oil prices sent equities markets higher.
A quarterly report from Wells Fargo (NYSE: WFC) that saw quarterly profits better than expected also helped the greenback’s […]

July 15, 2008

USD weaker on Bernanke comments

Story link: USD weaker on Bernanke comments

The US dollar was weaker Tuesday against most major currencies after Federal Reserve chairman Ben Bernanke told the US Senate Banking Committee that risks have increased in relation to both growth and inflation.
Also affecting the dollar were separate reports from the Commerce Department and the Labor Department showing that retail sales gained just 0.1 percent […]

July 1, 2008

Yen, Swiss franc gain on economy concerns

Story link: Yen, Swiss franc gain on economy concerns

The yen and Swiss franc both made gains on Tuesday while the Australia and New Zealand dollars declined on the session.
Both the Japanese and Swiss currencies were up on declines in equities markets and on concerns that demand for high-yielding currencies such as the Australia and New Zealand dollars is dropping as economic growth slows […]

June 30, 2008

US dollar continues to weaken

Story link: US dollar continues to weaken

The US dollar weakened again Monday even as US Treasury Secretary Henry Paulson was telling a radio station in Moscow that a strong dollar serves the interests of the United States.
The dollar was hurt by sentiment that an upcoming Labor Department report will show that there were 60,000 fewer jobs in June than there were […]

June 19, 2008

Pound stronger on retail sales

Story link: Pound stronger on retail sales

The pound strengthened Thursday on a report from the Office for National Statistics which revealed that UK retail sales were up 3.5 percent in May against an expected decline.
The UK currency was also helped by comments from Bank of England Governor Mervyn King yesterday that the Bank of England’s Monetary Policy Committee will do whatever […]

May 23, 2008

Existing home sales hurt US dollar

Story link: Existing home sales hurt US dollar

The US dollar weakened versus the euro, the yen, and the Swiss franc on Friday, hurt by continuing troubles in the housing market and by gains in oil prices.
The National Association of Realtors reported that sales of previously existing homes fell 1 percent in April, leaving inventories at a 23-year high.
At around noon in New […]

May 21, 2008

Euro stronger on German confidence

Story link: Euro stronger on German confidence

The euro gained on the US dollar Wednesday on gains in German business confidence this month.
The Ifo business confidence index was up to 103.5 in May, from 102.4 in April against an expected decline, contributing to the argument that the European Central Bank will not cut interest rates anytime soon.
Meanwhile, the dollar was hurt by […]

May 20, 2008

Oil prices send dollar lower again

Story link: Oil prices send dollar lower again

The US dollar weakened Tuesday in relation to the euro and other currencies on another surge in oil prices as crude oil reached a new record at $129.31 per barrel in New York.
In addition, the US Labor Department reported that producer prices were up 0.2 percent in April while core prices, excluding food and fuel, […]

May 13, 2008

Retail sales data helps dollar

Story link: Retail sales data helps dollar

The US dollar strengthened in relation to the euro and the yen on Tuesday on new retail sales data that showed sales excluding automobiles were up in April.
Without auto sales, retail sales in the US added 0.5 percent, more than had been expected.
Still, with auto sales included retail sales were down 0.2 percent in the […]

May 12, 2008

US dollar gains on yen

Story link: US dollar gains on yen

The US dollar was higher versus the yen on sentiment that the Federal Reserve will not cut interest rates at its next meeting, but the greenback lost ground to the euro at just past noon in New York.
It cost ¥103.66 to buy a dollar, while the euro traded at ¥160.68, also gaining on the Japanese […]

May 9, 2008

Yen, Swiss franc gain on risk aversion

Story link: Yen, Swiss franc gain on risk aversion

The yen strengthened Friday on declines in demand for carry trades as equities markets declined on new worries about losses related to the credit crisis.
At around 11:30 a.m. in New York the yen traded at ¥159.2379 to the euro and at ¥103.0900 to the US dollar.
Investor reluctance to enter into risky trades for high-yielding currencies […]

May 6, 2008

Dollar weaker versus euro, yen

Story link: Dollar weaker versus euro, yen

The US dollar weakened versus the yen and the euro after mortgage company Fannie Mae (NYSE: FNM) announced that it lost $2.19 billion in the first quarter and said that it expects losses next year to top this year’s.
The company also said it will slash its dividend, the second such announcement since December, and that […]

May 2, 2008

Jobs data helps US dollar

Story link: Jobs data helps US dollar

The US dollar gained on the euro again on Friday to bring this week’s advance against the shared currency to around 1.5 percent.
The greenback was helped by new data from the US Labor Department that showed only 20,000 jobs were lost in the US in April, many fewer than had been anticipated.
The dollar also gained […]

May 1, 2008

Dollar, pound gain on euro

Story link: Dollar, pound gain on euro

The US dollar was higher versus the euro again on Thursday on the chance that the Federal Reserve will not cut interest rates any time soon after Wednesday’s quarter point cut to 2 percent.
The dollar was helped by a new index reading from the Institute for Supply Management that held steady at 48.6 in April, […]

April 11, 2008

Euro supported by rate comments

Story link: Euro supported by rate comments

The euro gained on the US dollar and the pound on Friday after an official of the European Central Bank assured that interest rates would not drop in the Eurozone in comments ahead of a meeting to G7 finance ministers and central bankers in Washington, D. C.
In late morning trade in New York, the euro […]

April 9, 2008

Consumer confidence report hurts pound

Story link: Consumer confidence report hurts pound

The pound weakened versus the euro on Wednesday after a consumer report issued by the Nationwide Building Society reported UK consumer confidence to be at its lowest ebb since May 2004.
At just past 11:30 a.m. in New York the pound traded at 80.05p to the euro, at 50.63p to the US dollar, and at 50.54p […]

April 8, 2008

Pound weaker on house price report

Story link: Pound weaker on house price report

The pound was weaker on Tuesday after a new report from mortgage lender Halifax showed that house prices fell by 2.5 percent in March.
The price declines made it more likely that the Bank of England will cut interest rates soon.
At around 11 a.m. in New York, the pound traded at 79.81p to the euro and […]

April 7, 2008

Yen, Swiss franc decline on risk appetite

Story link: Yen, Swiss franc decline on risk appetite

The yen and the Swiss franc both saw declines Monday as global equities markets rallied, encouraging investors to enter into risky carry trades in which they borrow money where interest rates are low in order to buy high-yield currencies.
At nearly noon in New York, the yen traded at ¥102.7200 to the US dollar, at ¥161.4757 […]

April 1, 2008

USD gains on euro, yen, Swiss franc

Story link: USD gains on euro, yen, Swiss franc

The US dollar made gains versus the euro, the yen, and the Swiss franc on Tuesday after UBS (NYSE: UBS; SWX: UBSN; TYO: 8657) and Lehman Brothers (NYSE: LEH) said they would raise nearly $20 billion between them in new capital.
The dollar was helped versus the euro on reports that US manufacturing contracted less than […]

March 26, 2008

Ifo business survey, Trichet comments boost euro

Story link: Ifo business survey, Trichet comments boost euro

The euro was higher versus the US dollar on Wednesday on gains in business confidence in Germany in March.
The Ifo business climate index was up to 104.8 from 104.1 in February against an expected decline.
Also helping the euro were comments from European Central Bank president Jean-Claude Trichet, who said that interest rates should hold Eurozone […]


Daily World Currencies News from London		Friday 25th of July 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	July 16, 2008 USD gains on lower oil prices Story link: USD gains on lower oil prices The US dollar made gains in relation to the euro after oil prices fell again in reaction to higher than expected stockpiles in the United States and after the decline in oil prices sent equities markets higher. A quarterly report from Wells Fargo (NYSE: WFC) that saw quarterly profits better than expected also helped the greenback’s […] July 15, 2008 USD weaker on Bernanke comments Story link: USD weaker on Bernanke comments The US dollar was weaker Tuesday against most major currencies after Federal Reserve chairman Ben Bernanke told the US Senate Banking Committee that risks have increased in relation to both growth and inflation. Also affecting the dollar were separate reports from the Commerce Department and the Labor Department showing that retail sales gained just 0.1 percent […] July 1, 2008 Yen, Swiss franc gain on economy concerns Story link: Yen, Swiss franc gain on economy concerns The yen and Swiss franc both made gains on Tuesday while the Australia and New Zealand dollars declined on the session. Both the Japanese and Swiss currencies were up on declines in equities markets and on concerns that demand for high-yielding currencies such as the Australia and New Zealand dollars is dropping as economic growth slows […] June 30, 2008 US dollar continues to weaken Story link: US dollar continues to weaken The US dollar weakened again Monday even as US Treasury Secretary Henry Paulson was telling a radio station in Moscow that a strong dollar serves the interests of the United States. The dollar was hurt by sentiment that an upcoming Labor Department report will show that there were 60,000 fewer jobs in June than there were […] June 19, 2008 Pound stronger on retail sales Story link: Pound stronger on retail sales The pound strengthened Thursday on a report from the Office for National Statistics which revealed that UK retail sales were up 3.5 percent in May against an expected decline. The UK currency was also helped by comments from Bank of England Governor Mervyn King yesterday that the Bank of England’s Monetary Policy Committee will do whatever […] May 23, 2008 Existing home sales hurt US dollar Story link: Existing home sales hurt US dollar The US dollar weakened versus the euro, the yen, and the Swiss franc on Friday, hurt by continuing troubles in the housing market and by gains in oil prices. The National Association of Realtors reported that sales of previously existing homes fell 1 percent in April, leaving inventories at a 23-year high. At around noon in New […] May 21, 2008 Euro stronger on German confidence Story link: Euro stronger on German confidence The euro gained on the US dollar Wednesday on gains in German business confidence this month. The Ifo business confidence index was up to 103.5 in May, from 102.4 in April against an expected decline, contributing to the argument that the European Central Bank will not cut interest rates anytime soon. Meanwhile, the dollar was hurt by […] May 20, 2008 Oil prices send dollar lower again Story link: Oil prices send dollar lower again The US dollar weakened Tuesday in relation to the euro and other currencies on another surge in oil prices as crude oil reached a new record at $129.31 per barrel in New York. In addition, the US Labor Department reported that producer prices were up 0.2 percent in April while core prices, excluding food and fuel, […] May 13, 2008 Retail sales data helps dollar Story link: Retail sales data helps dollar The US dollar strengthened in relation to the euro and the yen on Tuesday on new retail sales data that showed sales excluding automobiles were up in April. Without auto sales, retail sales in the US added 0.5 percent, more than had been expected. Still, with auto sales included retail sales were down 0.2 percent in the […] May 12, 2008 US dollar gains on yen Story link: US dollar gains on yen The US dollar was higher versus the yen on sentiment that the Federal Reserve will not cut interest rates at its next meeting, but the greenback lost ground to the euro at just past noon in New York. It cost ¥103.66 to buy a dollar, while the euro traded at ¥160.68, also gaining on the Japanese […] May 9, 2008 Yen, Swiss franc gain on risk aversion Story link: Yen, Swiss franc gain on risk aversion The yen strengthened Friday on declines in demand for carry trades as equities markets declined on new worries about losses related to the credit crisis. At around 11:30 a.m. in New York the yen traded at ¥159.2379 to the euro and at ¥103.0900 to the US dollar. Investor reluctance to enter into risky trades for high-yielding currencies […] May 6, 2008 Dollar weaker versus euro, yen Story link: Dollar weaker versus euro, yen The US dollar weakened versus the yen and the euro after mortgage company Fannie Mae (NYSE: FNM) announced that it lost $2.19 billion in the first quarter and said that it expects losses next year to top this year’s. The company also said it will slash its dividend, the second such announcement since December, and that […] May 2, 2008 Jobs data helps US dollar Story link: Jobs data helps US dollar The US dollar gained on the euro again on Friday to bring this week’s advance against the shared currency to around 1.5 percent. The greenback was helped by new data from the US Labor Department that showed only 20,000 jobs were lost in the US in April, many fewer than had been anticipated. The dollar also gained […] May 1, 2008 Dollar, pound gain on euro Story link: Dollar, pound gain on euro The US dollar was higher versus the euro again on Thursday on the chance that the Federal Reserve will not cut interest rates any time soon after Wednesday’s quarter point cut to 2 percent. The dollar was helped by a new index reading from the Institute for Supply Management that held steady at 48.6 in April, […] April 11, 2008 Euro supported by rate comments Story link: Euro supported by rate comments The euro gained on the US dollar and the pound on Friday after an official of the European Central Bank assured that interest rates would not drop in the Eurozone in comments ahead of a meeting to G7 finance ministers and central bankers in Washington, D. C. In late morning trade in New York, the euro […] April 9, 2008 Consumer confidence report hurts pound Story link: Consumer confidence report hurts pound The pound weakened versus the euro on Wednesday after a consumer report issued by the Nationwide Building Society reported UK consumer confidence to be at its lowest ebb since May 2004. At just past 11:30 a.m. in New York the pound traded at 80.05p to the euro, at 50.63p to the US dollar, and at 50.54p […] April 8, 2008 Pound weaker on house price report Story link: Pound weaker on house price report The pound was weaker on Tuesday after a new report from mortgage lender Halifax showed that house prices fell by 2.5 percent in March. The price declines made it more likely that the Bank of England will cut interest rates soon. At around 11 a.m. in New York, the pound traded at 79.81p to the euro and […] April 7, 2008 Yen, Swiss franc decline on risk appetite Story link: Yen, Swiss franc decline on risk appetite The yen and the Swiss franc both saw declines Monday as global equities markets rallied, encouraging investors to enter into risky carry trades in which they borrow money where interest rates are low in order to buy high-yield currencies. At nearly noon in New York, the yen traded at ¥102.7200 to the US dollar, at ¥161.4757 […] April 1, 2008 USD gains on euro, yen, Swiss franc Story link: USD gains on euro, yen, Swiss franc The US dollar made gains versus the euro, the yen, and the Swiss franc on Tuesday after UBS (NYSE: UBS; SWX: UBSN; TYO: 8657) and Lehman Brothers (NYSE: LEH) said they would raise nearly $20 billion between them in new capital. The dollar was helped versus the euro on reports that US manufacturing contracted less than […] March 26, 2008 Ifo business survey, Trichet comments boost euro Story link: Ifo business survey, Trichet comments boost euro The euro was higher versus the US dollar on Wednesday on gains in business confidence in Germany in March. The Ifo business climate index was up to 104.8 from 104.1 in February against an expected decline. Also helping the euro were comments from European Central Bank president Jean-Claude Trichet, who said that interest rates should hold Eurozone […] Next Page »
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