August 19, 2009

USD weaker on gains in NY equities

Story link: USD weaker on gains in NY equities

The US dollar was weaker Wednesday as US equities markets were up on higher oil prices and investors looked for riskier investments, but in afternoon trade the greenback looked like it was beginning to gain back some of its declines.
At 1:46 p.m. in New York, the US currency traded at $1.4245 to the euro […]

August 12, 2009

Dollar lower ahead of Fed decision

Story link: Dollar lower ahead of Fed decision

The US dollar weakened a bit versus the euro on Wednesday ahead of announcement of a new decision on US interest rates by the Federal Reserve, due later in the day, in which the Fed is expected to hold rates steady for the time being.
In late morning trade in New York, the dollar traded at […]

June 1, 2009

Yen, USD weaker on risk appetite

Story link: Yen, USD weaker on risk appetite

The US dollar was weaker Monday after a report said that Chinese manufacturing activity remained in expansion for a third consecutive month in May, although the Chinese Federation of Logistics and Purchasing’s Purchasing Manager’s Index dropped to 53.1 in May from 53.5 in April.
A separate report from the Institute for Supply Management showed that US […]

May 15, 2009

Euro weakens on economic contraction

Story link: Euro weakens on economic contraction

The euro weakened in relation to the US dollar and the yen after the European Union’s office of statistics released new data showing that the Eurozone’s gross domestic product fell by 2.5 percent in the first quarter, more of a decline than had been expected after the economy contracted by 1.6 percent in the fourth […]

April 9, 2009

Yen weakens as equities gain

Story link: Yen weakens as equities gain

The Japanese yen weakened Thursday as equities markets made gains, encouraging investors to pursue risky currencies trades, many of which are financed by the low-yielding yen.
In late morning trade in New York the yen traded at ¥132.4119 to the euro, at ¥100.355 to the US dollar, at ¥15.0838 to the Norwegian krone, at ¥71.76 to […]

March 25, 2009

Norwegian krone weaker on rate cut

Story link: Norwegian krone weaker on rate cut

The Norwegian krone weakened versus the euro and the US dollar Wednesday after Norges Bank, Norway’s central bank, cut its deposit rate by half a percentage point to 2 percent.
The deposit rate is the interest earned by deposited funds.
At midday in New York, the krone traded at kr8.8132 to the euro and at kr6.5059 to […]

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 8, 2008

Yen stronger despite interest rate cuts

Story link: Yen stronger despite interest rate cuts

The Japanese yen strengthened Wednesday on the theory that interest rate cuts by several central banks will not be enough to encourage investors to put their money into high-risk carry trades in which they use low-yielding currencies such as the yen to finance purchases of higher-yielding currencies.
In a move to try to stem damage to […]

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 […]

August 5, 2008

Greenback gains ahead of Fed decision

Story link: Greenback gains ahead of Fed decision

The US dollar was higher versus the euro and several other currencies Tuesday on predictions that while the Federal Reserve will leave interest rates unchanged in today’s meeting, it will also indicate that inflation is a threat and must be held back.
In addition, while the Institute for Supply Management’s non-manufacturing index remained below 50 […]

June 16, 2008

USD hurt by New York manufacturing data

Story link: USD hurt by New York manufacturing data

The US dollar was hurt Monday by the news that the New York Federal Reserve’s general economic index, which tracks manufacturing activity in the region, fell to minus 8.7 in June, with any reading lower than zero showing contraction, after being at minus 3.2 in May.
The greenback was down versus the euro but had risen […]

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 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 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 16, 2008

Pound, US dodllar at new lows versus euro

Story link: Pound, US dodllar at new lows versus euro

Both the US dollar and the pound touched all-time lows versus the euro on Wednesday on reports that inflation in the Eurozone was up last month.
At 3.6 percent, Eurozone inflation was at its highest in nearly 16 years, decreasing the likelihood that the European Central Bank will cut interest rates and raising the possibility that […]

April 2, 2008

Bernanke testimony sends dollar lower versus euro

Story link: Bernanke testimony sends dollar lower versus euro

The US dollar fell slightly in relation to the euro on Wednesday after early gains after a private report said that 8,000 new jobs were created in the United States in March.
The declines came after Federal Reserve Chairman Ben Bernanke said in testimony before the Congressional Joint Economic Committee that it is possible that the […]

February 20, 2008

Inflation growth sends USD higher

Story link: Inflation growth sends USD higher

The US dollar strengthened versus the euro, the yen, and most major currencies as inflation grew more than expected in January.
The Consumer Price Index was at 4.3 percent in January, up from 4.1 percent in December, while the core CPI excluding food and energy prices rose from 2.4 percent in December to 2.5 percent in […]

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 25, 2008

US dollar gains on euro

Story link: US dollar gains on euro

The US dollar strengthened in relation to the euro and the yen Friday.
In afternoon trade in Europe the dollar traded at $1.4718 to the euro, and by early afternoon in New York the greenback was at $1.4671 to the shared currency.
Meanwhile, it cost ¥107.68 to buy a dollar in morning trade in New York, but […]

January 24, 2008

Euro strengthens on remarks from ECB official

Story link: Euro strengthens on remarks from ECB official

The euro saw gains versus the US dollar and the yen on Thursday after a member of the European Central Bank’s council made comments discounting speculation that the ECB might need to cut interest rates, calling the idea of a rate cut “wishful thinking”.
The euro was lower Wednesday despite remarks from the ECB’s president implying […]


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	August 19, 2009 USD weaker on gains in NY equities Story link: USD weaker on gains in NY equities The US dollar was weaker Wednesday as US equities markets were up on higher oil prices and investors looked for riskier investments, but in afternoon trade the greenback looked like it was beginning to gain back some of its declines. At 1:46 p.m. in New York, the US currency traded at $1.4245 to the euro […] August 12, 2009 Dollar lower ahead of Fed decision Story link: Dollar lower ahead of Fed decision The US dollar weakened a bit versus the euro on Wednesday ahead of announcement of a new decision on US interest rates by the Federal Reserve, due later in the day, in which the Fed is expected to hold rates steady for the time being. In late morning trade in New York, the dollar traded at […] June 1, 2009 Yen, USD weaker on risk appetite Story link: Yen, USD weaker on risk appetite The US dollar was weaker Monday after a report said that Chinese manufacturing activity remained in expansion for a third consecutive month in May, although the Chinese Federation of Logistics and Purchasing’s Purchasing Manager’s Index dropped to 53.1 in May from 53.5 in April. A separate report from the Institute for Supply Management showed that US […] May 15, 2009 Euro weakens on economic contraction Story link: Euro weakens on economic contraction The euro weakened in relation to the US dollar and the yen after the European Union’s office of statistics released new data showing that the Eurozone’s gross domestic product fell by 2.5 percent in the first quarter, more of a decline than had been expected after the economy contracted by 1.6 percent in the fourth […] April 9, 2009 Yen weakens as equities gain Story link: Yen weakens as equities gain The Japanese yen weakened Thursday as equities markets made gains, encouraging investors to pursue risky currencies trades, many of which are financed by the low-yielding yen. In late morning trade in New York the yen traded at ¥132.4119 to the euro, at ¥100.355 to the US dollar, at ¥15.0838 to the Norwegian krone, at ¥71.76 to […] March 25, 2009 Norwegian krone weaker on rate cut Story link: Norwegian krone weaker on rate cut The Norwegian krone weakened versus the euro and the US dollar Wednesday after Norges Bank, Norway’s central bank, cut its deposit rate by half a percentage point to 2 percent. The deposit rate is the interest earned by deposited funds. At midday in New York, the krone traded at kr8.8132 to the euro and at kr6.5059 to […] 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 8, 2008 Yen stronger despite interest rate cuts Story link: Yen stronger despite interest rate cuts The Japanese yen strengthened Wednesday on the theory that interest rate cuts by several central banks will not be enough to encourage investors to put their money into high-risk carry trades in which they use low-yielding currencies such as the yen to finance purchases of higher-yielding currencies. In a move to try to stem damage to […] 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 […] August 5, 2008 Greenback gains ahead of Fed decision Story link: Greenback gains ahead of Fed decision The US dollar was higher versus the euro and several other currencies Tuesday on predictions that while the Federal Reserve will leave interest rates unchanged in today’s meeting, it will also indicate that inflation is a threat and must be held back. In addition, while the Institute for Supply Management’s non-manufacturing index remained below 50 […] June 16, 2008 USD hurt by New York manufacturing data Story link: USD hurt by New York manufacturing data The US dollar was hurt Monday by the news that the New York Federal Reserve’s general economic index, which tracks manufacturing activity in the region, fell to minus 8.7 in June, with any reading lower than zero showing contraction, after being at minus 3.2 in May. The greenback was down versus the euro but had risen […] 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 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 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 16, 2008 Pound, US dodllar at new lows versus euro Story link: Pound, US dodllar at new lows versus euro Both the US dollar and the pound touched all-time lows versus the euro on Wednesday on reports that inflation in the Eurozone was up last month. At 3.6 percent, Eurozone inflation was at its highest in nearly 16 years, decreasing the likelihood that the European Central Bank will cut interest rates and raising the possibility that […] April 2, 2008 Bernanke testimony sends dollar lower versus euro Story link: Bernanke testimony sends dollar lower versus euro The US dollar fell slightly in relation to the euro on Wednesday after early gains after a private report said that 8,000 new jobs were created in the United States in March. The declines came after Federal Reserve Chairman Ben Bernanke said in testimony before the Congressional Joint Economic Committee that it is possible that the […] February 20, 2008 Inflation growth sends USD higher Story link: Inflation growth sends USD higher The US dollar strengthened versus the euro, the yen, and most major currencies as inflation grew more than expected in January. The Consumer Price Index was at 4.3 percent in January, up from 4.1 percent in December, while the core CPI excluding food and energy prices rose from 2.4 percent in December to 2.5 percent in […] 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 25, 2008 US dollar gains on euro Story link: US dollar gains on euro The US dollar strengthened in relation to the euro and the yen Friday. In afternoon trade in Europe the dollar traded at $1.4718 to the euro, and by early afternoon in New York the greenback was at $1.4671 to the shared currency. Meanwhile, it cost ¥107.68 to buy a dollar in morning trade in New York, but […] January 24, 2008 Euro strengthens on remarks from ECB official Story link: Euro strengthens on remarks from ECB official The euro saw gains versus the US dollar and the yen on Thursday after a member of the European Central Bank’s council made comments discounting speculation that the ECB might need to cut interest rates, calling the idea of a rate cut “wishful thinking”. The euro was lower Wednesday despite remarks from the ECB’s president implying […] Next Page »
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