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 […]

March 19, 2008

USD drops on fear rate cuts not enough

Story link: USD drops on fear rate cuts not enough

The US dollar was lower versus the euro, the yen and the Swiss franc on Wednesday after seeing gains on Tuesday after the US Federal Reserve cut interest rates by three-quarters of a percentage point to 2.25 percent.
The day’s declines came on concerns that the Fed’s accumulated rate cuts over the past few months will […]

March 17, 2008

Dollar declines on Fed move, discount sale of Bear Stearns

Story link: Dollar declines on Fed move, discount sale of Bear Stearns

The US dollar weakened Monday after a weekend during which the US Federal Reserve cut its discount rate, the rate it charges banks to borrow money, by a quarter of a percentage point to 3.25 percent at an unscheduled meeting and JPMorgan Chase (NYSE: JPM; TYO: 8634) bought the troubled Bear Stearns (NYSE: BSC) for […]

March 14, 2008

US dollar continues declines

Story link: US dollar continues declines

The US dollar fell to another record low versus the euro on Friday when it slipped to $1.5688 to the shared currency before gaining back some losses in midday trade in New York, while the dollar also dropped to a 12-year low versus the yen and fell below parity with the Swiss franc for the […]

March 13, 2008

Dollar drops below ¥100

Story link: Dollar drops below ¥100

The US dollar continued its declines on Thursday as it hit another new low versus the euro, dropped below ¥100 for the first time since 1995, and pulled nearly even versus the Swiss franc.
The new declines for the greenback came after the announcement that lenders will seize the asses of a mortgage bond fund belonging […]

March 12, 2008

Dollar declines on doubts about Fed program

Story link: Dollar declines on doubts about Fed program

The US dollar hit another record low versus the euro on a general feeling that the injection of up to $200 billion into the system will not be effective in helping the economy to avoid recession by increasing the amount of money available for loans.
A European Union report showing that industrial production in the Eurozone […]

March 10, 2008

US dollar gains on euro on Trichet comments

Story link: US dollar gains on euro on Trichet comments

The US dollar strengthened versus the euro on Monday after being at record lows last week.
The gains came after Jean-Claude Trichet, the president of the European Central Bank, expressed concern about exchange-rate volatility, which he called “excessive”, saying that the moves are not good for economic growth.
At noon in New York the dollar traded at […]

March 7, 2008

Dollar declines on job losses

Story link: Dollar declines on job losses

The US dollar declined versus the euro once again on Friday on a report that more jobs were lost in the United States in February, before gaining back some of the losses.
The Labor Department reported that 63,000 jobs were lost in February and that it had underestimated the job losses in January, raising the January […]

March 6, 2008

Bank of England, ECB both hold interest rates steady

Story link: Bank of England, ECB both hold interest rates steady

The euro touched record highs against the US dollar and the British pound on Thursday after the European Central Bank held Eurozone interest rates at 4 percent and the Bank of England’s Monetary Policy Committee kept UK interest rates at 5.25 percent.
Both actions had been anticipated by analysts.
The euro was helped by comments from ECB […]

February 28, 2008

Dollar at new lows versus euro, Swiss franc

Story link: Dollar at new lows versus euro, Swiss franc

The US dollar weakened Thursday to new lows versus the euro and the Swiss franc and to near a two-and-a-half-year low versus the Japanese yen, while Federal Reserve chairman Ben Bernanke made more comments which have analysts expecting more interest rate cuts soon.
Meanwhile, in a press conference, US President George W. Bush insisted that while […]

February 27, 2008

USD falls on Bernanke comments

Story link: USD falls on Bernanke comments

The US dollar was lower versus the euro on Wednesday on comments from US Federal Reserve chairman Ben Bernanke, who said in testimony before the House Financial Services Committee that the Fed is “ready” to do what is necessary to protect the US economy.
Many analysts took this to meant that more interest rate cuts are […]

February 13, 2008

Yen declines on US retail sales numbers

Story link: Yen declines on US retail sales numbers

The yen declined against most major currencies on Wednesday after new data showed that US retail sales gained 0.3 percent in January despite analyst expectations that they would decline by 0.3 percent.
The jump in retail sales lessened worries that the US would fall into recession and drag the global economy with it, sending investors in […]

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Daily World Currencies News from London		Tuesday 07th of October 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	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 […] March 19, 2008 USD drops on fear rate cuts not enough Story link: USD drops on fear rate cuts not enough The US dollar was lower versus the euro, the yen and the Swiss franc on Wednesday after seeing gains on Tuesday after the US Federal Reserve cut interest rates by three-quarters of a percentage point to 2.25 percent. The day’s declines came on concerns that the Fed’s accumulated rate cuts over the past few months will […] March 17, 2008 Dollar declines on Fed move, discount sale of Bear Stearns Story link: Dollar declines on Fed move, discount sale of Bear Stearns The US dollar weakened Monday after a weekend during which the US Federal Reserve cut its discount rate, the rate it charges banks to borrow money, by a quarter of a percentage point to 3.25 percent at an unscheduled meeting and JPMorgan Chase (NYSE: JPM; TYO: 8634) bought the troubled Bear Stearns (NYSE: BSC) for […] March 14, 2008 US dollar continues declines Story link: US dollar continues declines The US dollar fell to another record low versus the euro on Friday when it slipped to $1.5688 to the shared currency before gaining back some losses in midday trade in New York, while the dollar also dropped to a 12-year low versus the yen and fell below parity with the Swiss franc for the […] March 13, 2008 Dollar drops below ¥100 Story link: Dollar drops below ¥100 The US dollar continued its declines on Thursday as it hit another new low versus the euro, dropped below ¥100 for the first time since 1995, and pulled nearly even versus the Swiss franc. The new declines for the greenback came after the announcement that lenders will seize the asses of a mortgage bond fund belonging […] March 12, 2008 Dollar declines on doubts about Fed program Story link: Dollar declines on doubts about Fed program The US dollar hit another record low versus the euro on a general feeling that the injection of up to $200 billion into the system will not be effective in helping the economy to avoid recession by increasing the amount of money available for loans. A European Union report showing that industrial production in the Eurozone […] March 10, 2008 US dollar gains on euro on Trichet comments Story link: US dollar gains on euro on Trichet comments The US dollar strengthened versus the euro on Monday after being at record lows last week. The gains came after Jean-Claude Trichet, the president of the European Central Bank, expressed concern about exchange-rate volatility, which he called “excessive”, saying that the moves are not good for economic growth. At noon in New York the dollar traded at […] March 7, 2008 Dollar declines on job losses Story link: Dollar declines on job losses The US dollar declined versus the euro once again on Friday on a report that more jobs were lost in the United States in February, before gaining back some of the losses. The Labor Department reported that 63,000 jobs were lost in February and that it had underestimated the job losses in January, raising the January […] March 6, 2008 Bank of England, ECB both hold interest rates steady Story link: Bank of England, ECB both hold interest rates steady The euro touched record highs against the US dollar and the British pound on Thursday after the European Central Bank held Eurozone interest rates at 4 percent and the Bank of England’s Monetary Policy Committee kept UK interest rates at 5.25 percent. Both actions had been anticipated by analysts. The euro was helped by comments from ECB […] February 28, 2008 Dollar at new lows versus euro, Swiss franc Story link: Dollar at new lows versus euro, Swiss franc The US dollar weakened Thursday to new lows versus the euro and the Swiss franc and to near a two-and-a-half-year low versus the Japanese yen, while Federal Reserve chairman Ben Bernanke made more comments which have analysts expecting more interest rate cuts soon. Meanwhile, in a press conference, US President George W. Bush insisted that while […] February 27, 2008 USD falls on Bernanke comments Story link: USD falls on Bernanke comments The US dollar was lower versus the euro on Wednesday on comments from US Federal Reserve chairman Ben Bernanke, who said in testimony before the House Financial Services Committee that the Fed is “ready” to do what is necessary to protect the US economy. Many analysts took this to meant that more interest rate cuts are […] February 13, 2008 Yen declines on US retail sales numbers Story link: Yen declines on US retail sales numbers The yen declined against most major currencies on Wednesday after new data showed that US retail sales gained 0.3 percent in January despite analyst expectations that they would decline by 0.3 percent. The jump in retail sales lessened worries that the US would fall into recession and drag the global economy with it, sending investors in […] « Previous Page — Next Page »
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