July 19, 2007

Chinese, Turkish currencies see gains

Story link: Chinese, Turkish currencies see gains

The Chinese renminbi reached a new post-revaluation high versus the US dollar on Thursday, going as high as Rmb7.5615 during the day after the People’s Bank announced that the nation’s gross domestic product had grown by 11.0 percent in the second quarter, causing speculation that interest rates could rise there.
The euro was also higher on […]

May 18, 2007

China widens ability of currency to rise and fall against the US dollar

Story link: China widens ability of currency to rise and fall against the US dollar

China’s central bank increased the band in which the renminbi can rise and fall against the US dollar in a session from 0.3 percent to 0.5 percent on Friday. The move was interpreted by most analysts as in line with Beijing’s stated policy of strengthening its currency slowly. It is seen as being […]

April 10, 2007

US/China trade dispute hurts dollar

Story link: US/China trade dispute hurts dollar

The US dollar weakened on Tuesday as tensions grew between the United States and China after US complaints to the World Trade Organization over what the US sees as China’s failure to protect intellectual property rights. The US is also unhappy about restrictions China puts on the sale of foreign books and films […]

March 19, 2007

Euro candidate currencies gain on shared currency

Story link: Euro candidate currencies gain on shared currency

After gaining early in the session after China raised its interest rates on borrowing and lending by 27 basis points over the weekend, the Japanese yen weakened later in the session on gains by Asian equities markets. The yen dropped 0.5 percent to ¥156.30 versus the euro, while it fell 0.7 percent against the […]

January 17, 2007

Yen weaker as rate hopes fade

Story link: Yen weaker as rate hopes fade

With analysts saying that more interest rate hikes are likely in store from the Bank of England, sterling strengthened on Wednesday. Many look for another rate increase as early as February or March. Analysts base their expectations on new data that show unemployment in the UK dropped at its fastest rate in nearly […]

January 3, 2007

Swiss franc weaker on session

Story link: Swiss franc weaker on session

The US dollar saw gains on Wednesday after a key manufacturing index showed an advance. The ISM manufacturing index was at 51.4 in December after being at 49.5 in November. Some analysts took this, along with data showing that the auto and housing sectors are beginning to stabilize, as a sign that the […]

Swiss franc weaker on session

Story link: Swiss franc weaker on session

The US dollar saw gains on Wednesday after a key manufacturing index showed an advance. The ISM manufacturing index was at 51.4 in December after being at 49.5 in November. Some analysts took this, along with data showing that the auto and housing sectors are beginning to stabilize, as a sign that the […]

December 14, 2006

Chinese currency gains after US remarks

Story link: Chinese currency gains after US remarks

The US dollar was stronger on Thursday as unemployment data was much better than expected. Initial figures showed that even though 304,000 people filed new jobless claims, new claims dropped by 20,000 last week. It was the second straight week of big declines, with the previous week seeing a drop of 34,000 in […]

November 8, 2006

Sterling flat ahead of rate decision

Story link: Sterling flat ahead of rate decision

The US dollar remained close to Tuesday�s levels on Wednesday in the wake of election results that put the Democratic Party in the majority in the United States House of Representatives. Control of the Senate still had not been decided on Wednesday morning due to at least one race, in Virginia, that was too […]

October 9, 2006

Most currencies unmoved by North Korea test

Story link: Most currencies unmoved by North Korea test

North Korea�s claims that it has carried out a long-threatened nuclear test affected few currencies markets on Monday. The biggest fall came in South Korea�s currency, and while some other Asian currencies were also affected, the damage was much less. This was due primarily to the fact that North Korea is too remote […]

September 29, 2006

Euro nears historic high versus yen

Story link: Euro nears historic high versus yen

The US dollar was stronger during the week after the US core personal consumption expenditures deflator figures in August were higher than had been expected. The deflator, which is the Federal Reserve�s favorite measure of inflation, was at its highest annualized rate in eleven years. The greenback was 0.9 percent higher versus the […]

Euro nears historic high versus yen

Story link: Euro nears historic high versus yen

The US dollar was stronger during the week after the US core personal consumption expenditures deflator figures in August were higher than had been expected. The deflator, which is the Federal Reserve�s favorite measure of inflation, was at its highest annualized rate in eleven years. The greenback was 0.9 percent higher versus the […]

September 28, 2006

Euro strengthens versus yen

Story link: Euro strengthens versus yen

Sterling was weaker on Thursday after the UK Office for National Statistics admitted that it had made an error in calculating overall inflation for goods and services produced in the UK and cut its estimate of that inflation from 3.4 percent to 2.2 percent. After the admission, sterling dropped 0.7 percent to �0.6772 against […]

Euro strengthens versus yen

Story link: Euro strengthens versus yen

Sterling was weaker on Thursday after the UK Office for National Statistics admitted that it had made an error in calculating overall inflation for goods and services produced in the UK and cut its estimate of that inflation from 3.4 percent to 2.2 percent. After the admission, sterling dropped 0.7 percent to �0.6772 against […]

September 27, 2006

Sterling lower on data, comments

Story link: Sterling lower on data, comments

Comments from new Japanese finance minster Koji Omi sent the yen lower in relation to the euro on Wednesday. He proclaimed himself �not an expert� on foreign exchange markets but allowed that currency rates should �reflect economic fundamentals�. He also said that the markets should not move based on his comments, but that […]

Sterling lower on data, comments

Story link: Sterling lower on data, comments

Comments from new Japanese finance minster Koji Omi sent the yen lower in relation to the euro on Wednesday. He proclaimed himself �not an expert� on foreign exchange markets but allowed that currency rates should �reflect economic fundamentals�. He also said that the markets should not move based on his comments, but that […]

September 19, 2006

New data hurts euro, greenback

Story link: New data hurts euro, greenback

A comment from Japan�s chief cabinet secretary, who is considered to be the most likely choice to be the next prime minister, was credited with helping the yen strengthen on Tuesday. He said he believes that currencies should reflect economic fundamentals, which was interpreted by many analysts to meant that he is willing to […]

September 1, 2006

Renminbi in best week since revaluation

Story link: Renminbi in best week since revaluation

The yen lost value during the week due to weak economic data out of Japan. Inflation was lower than expected, while construction orders, housing starts, and industrial production were all below expected levels. All this data led analysts to believe that Japanese interest rates will likely not be raised for the rest of […]

August 30, 2006

Sterling stronger on retails sales

Story link: Sterling stronger on retails sales

The euro was stronger on Wednesday as it found yet another new high versus the Japanese yen. At midday in New York, the euro had added 0.4 percent to �150.17. Investors were selling the yen in favor of other, more lucrative investments. Among other negative news for the yen was it first […]

August 21, 2006

Yen lower on weak data

Story link: Yen lower on weak data

The US dollar was weaker on Monday, on what analysts called a delayed reaction to new data last week that showed inflation lower than had been predicted and fewer housing starts than expected among other indications that the US economy is slowing. Most analysts now expect that the Federal Reserve will again decline to […]


Daily World Currencies News from London		Friday 12th of March 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	July 19, 2007 Chinese, Turkish currencies see gains Story link: Chinese, Turkish currencies see gains The Chinese renminbi reached a new post-revaluation high versus the US dollar on Thursday, going as high as Rmb7.5615 during the day after the People’s Bank announced that the nation’s gross domestic product had grown by 11.0 percent in the second quarter, causing speculation that interest rates could rise there. The euro was also higher on […] May 18, 2007 China widens ability of currency to rise and fall against the US dollar Story link: China widens ability of currency to rise and fall against the US dollar China’s central bank increased the band in which the renminbi can rise and fall against the US dollar in a session from 0.3 percent to 0.5 percent on Friday. The move was interpreted by most analysts as in line with Beijing’s stated policy of strengthening its currency slowly. It is seen as being […] April 10, 2007 US/China trade dispute hurts dollar Story link: US/China trade dispute hurts dollar The US dollar weakened on Tuesday as tensions grew between the United States and China after US complaints to the World Trade Organization over what the US sees as China’s failure to protect intellectual property rights. The US is also unhappy about restrictions China puts on the sale of foreign books and films […] March 19, 2007 Euro candidate currencies gain on shared currency Story link: Euro candidate currencies gain on shared currency After gaining early in the session after China raised its interest rates on borrowing and lending by 27 basis points over the weekend, the Japanese yen weakened later in the session on gains by Asian equities markets. The yen dropped 0.5 percent to ¥156.30 versus the euro, while it fell 0.7 percent against the […] January 17, 2007 Yen weaker as rate hopes fade Story link: Yen weaker as rate hopes fade With analysts saying that more interest rate hikes are likely in store from the Bank of England, sterling strengthened on Wednesday. Many look for another rate increase as early as February or March. Analysts base their expectations on new data that show unemployment in the UK dropped at its fastest rate in nearly […] January 3, 2007 Swiss franc weaker on session Story link: Swiss franc weaker on session The US dollar saw gains on Wednesday after a key manufacturing index showed an advance. The ISM manufacturing index was at 51.4 in December after being at 49.5 in November. Some analysts took this, along with data showing that the auto and housing sectors are beginning to stabilize, as a sign that the […] Swiss franc weaker on session Story link: Swiss franc weaker on session The US dollar saw gains on Wednesday after a key manufacturing index showed an advance. The ISM manufacturing index was at 51.4 in December after being at 49.5 in November. Some analysts took this, along with data showing that the auto and housing sectors are beginning to stabilize, as a sign that the […] December 14, 2006 Chinese currency gains after US remarks Story link: Chinese currency gains after US remarks The US dollar was stronger on Thursday as unemployment data was much better than expected. Initial figures showed that even though 304,000 people filed new jobless claims, new claims dropped by 20,000 last week. It was the second straight week of big declines, with the previous week seeing a drop of 34,000 in […] November 8, 2006 Sterling flat ahead of rate decision Story link: Sterling flat ahead of rate decision The US dollar remained close to Tuesday�s levels on Wednesday in the wake of election results that put the Democratic Party in the majority in the United States House of Representatives. Control of the Senate still had not been decided on Wednesday morning due to at least one race, in Virginia, that was too […] October 9, 2006 Most currencies unmoved by North Korea test Story link: Most currencies unmoved by North Korea test North Korea�s claims that it has carried out a long-threatened nuclear test affected few currencies markets on Monday. The biggest fall came in South Korea�s currency, and while some other Asian currencies were also affected, the damage was much less. This was due primarily to the fact that North Korea is too remote […] September 29, 2006 Euro nears historic high versus yen Story link: Euro nears historic high versus yen The US dollar was stronger during the week after the US core personal consumption expenditures deflator figures in August were higher than had been expected. The deflator, which is the Federal Reserve�s favorite measure of inflation, was at its highest annualized rate in eleven years. The greenback was 0.9 percent higher versus the […] Euro nears historic high versus yen Story link: Euro nears historic high versus yen The US dollar was stronger during the week after the US core personal consumption expenditures deflator figures in August were higher than had been expected. The deflator, which is the Federal Reserve�s favorite measure of inflation, was at its highest annualized rate in eleven years. The greenback was 0.9 percent higher versus the […] September 28, 2006 Euro strengthens versus yen Story link: Euro strengthens versus yen Sterling was weaker on Thursday after the UK Office for National Statistics admitted that it had made an error in calculating overall inflation for goods and services produced in the UK and cut its estimate of that inflation from 3.4 percent to 2.2 percent. After the admission, sterling dropped 0.7 percent to �0.6772 against […] Euro strengthens versus yen Story link: Euro strengthens versus yen Sterling was weaker on Thursday after the UK Office for National Statistics admitted that it had made an error in calculating overall inflation for goods and services produced in the UK and cut its estimate of that inflation from 3.4 percent to 2.2 percent. After the admission, sterling dropped 0.7 percent to �0.6772 against […] September 27, 2006 Sterling lower on data, comments Story link: Sterling lower on data, comments Comments from new Japanese finance minster Koji Omi sent the yen lower in relation to the euro on Wednesday. He proclaimed himself �not an expert� on foreign exchange markets but allowed that currency rates should �reflect economic fundamentals�. He also said that the markets should not move based on his comments, but that […] Sterling lower on data, comments Story link: Sterling lower on data, comments Comments from new Japanese finance minster Koji Omi sent the yen lower in relation to the euro on Wednesday. He proclaimed himself �not an expert� on foreign exchange markets but allowed that currency rates should �reflect economic fundamentals�. He also said that the markets should not move based on his comments, but that […] September 19, 2006 New data hurts euro, greenback Story link: New data hurts euro, greenback A comment from Japan�s chief cabinet secretary, who is considered to be the most likely choice to be the next prime minister, was credited with helping the yen strengthen on Tuesday. He said he believes that currencies should reflect economic fundamentals, which was interpreted by many analysts to meant that he is willing to […] September 1, 2006 Renminbi in best week since revaluation Story link: Renminbi in best week since revaluation The yen lost value during the week due to weak economic data out of Japan. Inflation was lower than expected, while construction orders, housing starts, and industrial production were all below expected levels. All this data led analysts to believe that Japanese interest rates will likely not be raised for the rest of […] August 30, 2006 Sterling stronger on retails sales Story link: Sterling stronger on retails sales The euro was stronger on Wednesday as it found yet another new high versus the Japanese yen. At midday in New York, the euro had added 0.4 percent to �150.17. Investors were selling the yen in favor of other, more lucrative investments. Among other negative news for the yen was it first […] August 21, 2006 Yen lower on weak data Story link: Yen lower on weak data The US dollar was weaker on Monday, on what analysts called a delayed reaction to new data last week that showed inflation lower than had been predicted and fewer housing starts than expected among other indications that the US economy is slowing. Most analysts now expect that the Federal Reserve will again decline to […] Next Page »
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Major Currencies:

Other Currencies:

Chinese, Turkish currencies see gains

China widens ability of currency to rise and fall against the US dollar

US/China trade dispute hurts dollar

Euro candidate currencies gain on shared currency

Yen weaker as rate hopes fade

Swiss franc weaker on session

Swiss franc weaker on session

Chinese currency gains after US remarks

Sterling flat ahead of rate decision

Most currencies unmoved by North Korea test

Euro nears historic high versus yen

Euro nears historic high versus yen

Euro strengthens versus yen

Euro strengthens versus yen

Sterling lower on data, comments

Sterling lower on data, comments

New data hurts euro, greenback

Renminbi in best week since revaluation

Sterling stronger on retails sales

Yen lower on weak data