February 1, 2008

Euro declines versus USD on US manufacturing

Story link: Euro declines versus USD on US manufacturing

The euro was weaker versus the US dollar on Friday after a new report showed that US manufacturing expanded in January.
The purchasers’ index from the Institute of Supply Management was at 50.7 in January, up from 48.4 in September after most analysts said they thought it would drop rather than rise.
The greenback was trading at […]

January 30, 2008

Yen weakens ahead of Fed decision

Story link: Yen weakens ahead of Fed decision

The yen was weaker on Wednesday ahead of the decision on interest rates from the US Federal Reserve, as most investors expected a rate cut, and with it gains in equities and a return to risky carry trades.
At almost 2 p.m. in New York, the yen traded at ¥107.2150 to the dollar, at ¥158.7371 to […]

January 29, 2008

Dollar gains on durable goods report

Story link: Dollar gains on durable goods report

The US dollar was stronger versus the euro on Tuesday on a report from the Commerce Department that showed durable goods orders up 5.2 percent in December, against an expected rise of only 1.6 percent as well as on continuing hopes that the Federal Reserve will cut interest rates again later in the week.
The news […]

January 28, 2008

USD lower versus euro on interest rates, new home sales

Story link: USD lower versus euro on interest rates, new home sales

The US dollar dropped to its lowest level versus the euro in almost two weeks on Monday on expectations that the Federal Reserve will cut interest rates by another half of a percentage point when it meets later this week and on new data showing that new home sales were at a 12-year low in […]

January 23, 2008

Euro weaker despite Trichet comments

Story link: Euro weaker despite Trichet comments

The euro weakened versus the US dollar, the yen, and the Swiss franc on Wednesday as investors didn’t buy into remarks from European Central Bank president Jean-Claude Trichet that he is determined to keep inflation under control.
The general consensus, however, is that the ECB will likely have to follow the Federal Reserve and cut […]

January 22, 2008

Fed cuts US interest rate to 3.5 percent

Story link: Fed cuts US interest rate to 3.5 percent

The US dollar saw its biggest one-day decline versus the euro in two months on the announcement that the US Federal Reserve had taken emergency action to cut interest rates ahead of its scheduled meeting on 29 - 30 January.
The Fed, in an 8 to 1 vote, cut its benchmark interest rate by three-quarters of […]

January 16, 2008

Euro declines versus USD on interest rate speculation

Story link: Euro declines versus USD on interest rate speculation

The euro was weaker Wednesday on comments from a member of the European Central Bank’s council which triggered speculation that the ECB could join the US Federal Reserve in cutting interest rates this year.
It was a turnaround from recent comments from the ECB’s president that indicated virtually no chance of rate cuts in the […]

January 15, 2008

US dollar hurt by retail sales report, bank results

Story link: US dollar hurt by retail sales report, bank results

The US dollar weakened in relation to the yen, the Swiss franc and the pound on Tuesday on reports that retail sales fell in December and that Citigroup (NYSE: C) lost $9.83 billion in the fourth quarter of 2007.
Not helping matters was a statement from former Federal Reserve chairman Alan Greenspan in a published […]

January 14, 2008

US dollar nears record low versus euro

Story link: US dollar nears record low versus euro

The US dollar was weaker versus the euro and all other major currencies on Monday on continuing speculation that interest rates in the United States will drop again soon.
Many analysts are convinced that the main US interest rate will move lower than the Eurozone interest rate for the first time in three years.
The declines also […]

January 7, 2008

Pound declines versus dollar

Story link: Pound declines versus dollar

The pound touched a five-month low in relation to the US dollar on Monday but made gains against the euro after comments from Prime Minster Gordon Brown made it seem more likely that the Bank of England will cut interest rates again soon.
After the pound traded as low as $1.9653 to the dollar, it […]

January 4, 2008

US dollar drops on employment data

Story link: US dollar drops on employment data

The US dollar fell to one-month lows against both the euro and the yen on Friday after the US Labor Department reported that jobs growth in December fell to its lowest level in four years and the unemployment rate jumped to 5 percent, from 4.8 percent in November.
The report showed that only 18,000 new jobs […]

January 2, 2008

USD lower on drop in manufacturing activity

Story link: USD lower on drop in manufacturing activity

The US dollar was weaker on Wednesday, falling after the private Institute for Supply Management reported that its manufacturing index dropped to 47.7 in December from 50.8 in November.
Any reading below 50 indicates that manufacturing activity is contracting rather than expanding.
Also hurting the dollar was the expectation that later in the week the Labor Department […]

December 28, 2007

US dollar drops on weak home sales, Pakistan unrest

Story link: US dollar drops on weak home sales, Pakistan unrest

The US dollar was weaker in relation to the euro for the sixth session in a row on Friday as unrest continued in Pakistan and as a Commerce Department report showed that new home sales were down again in November.
The report said that new home sales were down by 9 percent last month, falling even […]

December 27, 2007

Swiss franc gains after Bhutto assassination

Story link: Swiss franc gains after Bhutto assassination

The Swiss franc saw gains against the euro, the US dollar, and most other major currencies on Thursday after opposition leader Benazir Bhutto was assassinated in Pakistan.
The gains came on investor demand for a safe place for their money amid uncertainty after the political killing.
The franc also gained on the dollar on renewed speculation that […]

December 17, 2007

US dollar gains versus euro

Story link: US dollar gains versus euro

The US dollar was higher against most major currencies on Monday and hit a seven-week high versus the euro on reduced chances that the Federal Reserve will cut interest rates again next month.
Also helping the greenback was a report from the Commerce Department that the US current-account deficit shrunk to $178.5 billion in the third […]

December 14, 2007

US dollar ends week up versus euro

Story link: US dollar ends week up versus euro

The US dollar strengthened Friday as analysts cut their expectation that the Federal Reserve will send interest rates lower again in January after they judged recent economic data might not support another rate cut right away.
In early afternoon trade the greenback was trading at $1.4449 to the euro and at $2.0220 to the pound, […]

December 13, 2007

USD gains on euro, sterling

Story link: USD gains on euro, sterling

A new report that shows US retail sales were up 1.2 percent in November, more than had been expected, helped the dollar to gain on the euro, the pound and the Swiss franc on Thursday.
In early-afternoon trade in New York, the greenback was trading at $1.4606 to the euro and at $2.0392 to the pound, […]

December 12, 2007

Central bank moves send yen, Swiss franc lower

Story link: Central bank moves send yen, Swiss franc lower

The yen and the Swiss franc weakened again Wednesday as a move by several central banks in Europe and North America to inject more liquidity into the banking system induced investors to bet that banks will be more willing to lend money and that the US economy will not enter a recession by seeking out […]

December 11, 2007

Greenback weakens ahead of Fed rate decision

Story link: Greenback weakens ahead of Fed rate decision

Much of the action on global currency markets on Tuesday seemed to be driven by the expectation that the US Federal Reserve will cut interest rates later in the day, even though analysts today don’t give the prospect of a rate cut as much of a probability as they did on Monday.
While on Monday interest-rate […]

December 10, 2007

Euro strengthens on interest rate speculation

Story link: Euro strengthens on interest rate speculation

The euro gained on the US dollar and the yen on Monday after officials with the European Central Bank made statements indicating that they are concerned about inflation.
Recent comments from Juergen Stark and Erkki Liikanen showed that they do not agree with Bank staff predictions that say inflation will fall below the Bank’s 2 percent […]

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Daily World Currencies News from London		Thursday 20th 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	February 1, 2008 Euro declines versus USD on US manufacturing Story link: Euro declines versus USD on US manufacturing The euro was weaker versus the US dollar on Friday after a new report showed that US manufacturing expanded in January. The purchasers’ index from the Institute of Supply Management was at 50.7 in January, up from 48.4 in September after most analysts said they thought it would drop rather than rise. The greenback was trading at […] January 30, 2008 Yen weakens ahead of Fed decision Story link: Yen weakens ahead of Fed decision The yen was weaker on Wednesday ahead of the decision on interest rates from the US Federal Reserve, as most investors expected a rate cut, and with it gains in equities and a return to risky carry trades. At almost 2 p.m. in New York, the yen traded at ¥107.2150 to the dollar, at ¥158.7371 to […] January 29, 2008 Dollar gains on durable goods report Story link: Dollar gains on durable goods report The US dollar was stronger versus the euro on Tuesday on a report from the Commerce Department that showed durable goods orders up 5.2 percent in December, against an expected rise of only 1.6 percent as well as on continuing hopes that the Federal Reserve will cut interest rates again later in the week. The news […] January 28, 2008 USD lower versus euro on interest rates, new home sales Story link: USD lower versus euro on interest rates, new home sales The US dollar dropped to its lowest level versus the euro in almost two weeks on Monday on expectations that the Federal Reserve will cut interest rates by another half of a percentage point when it meets later this week and on new data showing that new home sales were at a 12-year low in […] January 23, 2008 Euro weaker despite Trichet comments Story link: Euro weaker despite Trichet comments The euro weakened versus the US dollar, the yen, and the Swiss franc on Wednesday as investors didn’t buy into remarks from European Central Bank president Jean-Claude Trichet that he is determined to keep inflation under control. The general consensus, however, is that the ECB will likely have to follow the Federal Reserve and cut […] January 22, 2008 Fed cuts US interest rate to 3.5 percent Story link: Fed cuts US interest rate to 3.5 percent The US dollar saw its biggest one-day decline versus the euro in two months on the announcement that the US Federal Reserve had taken emergency action to cut interest rates ahead of its scheduled meeting on 29 - 30 January. The Fed, in an 8 to 1 vote, cut its benchmark interest rate by three-quarters of […] January 16, 2008 Euro declines versus USD on interest rate speculation Story link: Euro declines versus USD on interest rate speculation The euro was weaker Wednesday on comments from a member of the European Central Bank’s council which triggered speculation that the ECB could join the US Federal Reserve in cutting interest rates this year. It was a turnaround from recent comments from the ECB’s president that indicated virtually no chance of rate cuts in the […] January 15, 2008 US dollar hurt by retail sales report, bank results Story link: US dollar hurt by retail sales report, bank results The US dollar weakened in relation to the yen, the Swiss franc and the pound on Tuesday on reports that retail sales fell in December and that Citigroup (NYSE: C) lost $9.83 billion in the fourth quarter of 2007. Not helping matters was a statement from former Federal Reserve chairman Alan Greenspan in a published […] January 14, 2008 US dollar nears record low versus euro Story link: US dollar nears record low versus euro The US dollar was weaker versus the euro and all other major currencies on Monday on continuing speculation that interest rates in the United States will drop again soon. Many analysts are convinced that the main US interest rate will move lower than the Eurozone interest rate for the first time in three years. The declines also […] January 7, 2008 Pound declines versus dollar Story link: Pound declines versus dollar The pound touched a five-month low in relation to the US dollar on Monday but made gains against the euro after comments from Prime Minster Gordon Brown made it seem more likely that the Bank of England will cut interest rates again soon. After the pound traded as low as $1.9653 to the dollar, it […] January 4, 2008 US dollar drops on employment data Story link: US dollar drops on employment data The US dollar fell to one-month lows against both the euro and the yen on Friday after the US Labor Department reported that jobs growth in December fell to its lowest level in four years and the unemployment rate jumped to 5 percent, from 4.8 percent in November. The report showed that only 18,000 new jobs […] January 2, 2008 USD lower on drop in manufacturing activity Story link: USD lower on drop in manufacturing activity The US dollar was weaker on Wednesday, falling after the private Institute for Supply Management reported that its manufacturing index dropped to 47.7 in December from 50.8 in November. Any reading below 50 indicates that manufacturing activity is contracting rather than expanding. Also hurting the dollar was the expectation that later in the week the Labor Department […] December 28, 2007 US dollar drops on weak home sales, Pakistan unrest Story link: US dollar drops on weak home sales, Pakistan unrest The US dollar was weaker in relation to the euro for the sixth session in a row on Friday as unrest continued in Pakistan and as a Commerce Department report showed that new home sales were down again in November. The report said that new home sales were down by 9 percent last month, falling even […] December 27, 2007 Swiss franc gains after Bhutto assassination Story link: Swiss franc gains after Bhutto assassination The Swiss franc saw gains against the euro, the US dollar, and most other major currencies on Thursday after opposition leader Benazir Bhutto was assassinated in Pakistan. The gains came on investor demand for a safe place for their money amid uncertainty after the political killing. The franc also gained on the dollar on renewed speculation that […] December 17, 2007 US dollar gains versus euro Story link: US dollar gains versus euro The US dollar was higher against most major currencies on Monday and hit a seven-week high versus the euro on reduced chances that the Federal Reserve will cut interest rates again next month. Also helping the greenback was a report from the Commerce Department that the US current-account deficit shrunk to $178.5 billion in the third […] December 14, 2007 US dollar ends week up versus euro Story link: US dollar ends week up versus euro The US dollar strengthened Friday as analysts cut their expectation that the Federal Reserve will send interest rates lower again in January after they judged recent economic data might not support another rate cut right away. In early afternoon trade the greenback was trading at $1.4449 to the euro and at $2.0220 to the pound, […] December 13, 2007 USD gains on euro, sterling Story link: USD gains on euro, sterling A new report that shows US retail sales were up 1.2 percent in November, more than had been expected, helped the dollar to gain on the euro, the pound and the Swiss franc on Thursday. In early-afternoon trade in New York, the greenback was trading at $1.4606 to the euro and at $2.0392 to the pound, […] December 12, 2007 Central bank moves send yen, Swiss franc lower Story link: Central bank moves send yen, Swiss franc lower The yen and the Swiss franc weakened again Wednesday as a move by several central banks in Europe and North America to inject more liquidity into the banking system induced investors to bet that banks will be more willing to lend money and that the US economy will not enter a recession by seeking out […] December 11, 2007 Greenback weakens ahead of Fed rate decision Story link: Greenback weakens ahead of Fed rate decision Much of the action on global currency markets on Tuesday seemed to be driven by the expectation that the US Federal Reserve will cut interest rates later in the day, even though analysts today don’t give the prospect of a rate cut as much of a probability as they did on Monday. While on Monday interest-rate […] December 10, 2007 Euro strengthens on interest rate speculation Story link: Euro strengthens on interest rate speculation The euro gained on the US dollar and the yen on Monday after officials with the European Central Bank made statements indicating that they are concerned about inflation. Recent comments from Juergen Stark and Erkki Liikanen showed that they do not agree with Bank staff predictions that say inflation will fall below the Bank’s 2 percent […] « Previous Page — Next Page »
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