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 […]

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 3, 2008

USD benefits from private jobs report, UAE decision

Story link: USD benefits from private jobs report, UAE decision

The US dollar fell to near a one-month low versus the euro on Thursday when it traded at $1.4781 to the euro early, but a private report on US employment that said more new jobs were created there in December than had been expected helped the greenback to regain some of its losses.
However, the […]

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 […]

November 20, 2007

USD at new low versus euro

Story link: USD at new low versus euro

The US dollar weakened again on Tuesday, touching yet another new record low versus the euro and hitting a record low in relation to the Swiss franc as well.
There are a number of factors feeding into the dollar’s weakness, including increased expectations that the Federal Reserve will cut interest rates again when it meets in […]

July 31, 2007

Yen gains on greenback, euro

Story link: Yen gains on greenback, euro

The Japanese yen strengthened against some currencies on Tuesday as investors retreated from risky investments as they worried about continuing problems in the subprime mortgage sector.
The US dollar dropped 0.5 percent to ¥118.56 against the yen in late afternoon trade in New York, while the euro dropped 0.6 percent to ¥162.22 versus the yen.
The Japanese […]

July 6, 2007

US dollar ends week lower

Story link: US dollar ends week lower

After hitting a near-record low versus the euro during the week, the US dollar recovered a bit as the week ended but still closed out the week behind against the euro and sterling, while also losing ground against currencies from oil producers as oil prices went higher.
The dollar dropped 0.3 percent over the week to […]

June 27, 2007

Yen strengthens again; US dollar waits for Fed decision

Story link: Yen strengthens again; US dollar waits for Fed decision

The Japanese yen strengthened for the third session in a row on Wednesday, helped by investors who were less likely to make risky investments as worry continued over troubles in the subprime mortgage sector in the United States. The yen was also helped by higher readings than anticipated on retail sales in Japan in […]

May 31, 2007

US dollar lower versus euro, sterling

Story link: US dollar lower versus euro, sterling

The US dollar was temporarily buoyed by a new report showing that US Midwest business activity was better than expected in May, even as GDP figures from the first quarter were weaker than had been anticipated. The greenback was as high as ¥121.98 versus the yen on the mixed news, but by midday trade […]

May 30, 2007

Yen, Swiss franc see gains

Story link: Yen, Swiss franc see gains

The US dollar didn’t make any headway in relation to low yielding currencies such as the Japanese yen and Swiss franc on Wednesday, but had more success against major currencies. Even so, analysts called recent moves by China, including today’s increase in taxes on share transactions, dollar positive. The dollar added 0.1 […]

March 26, 2007

US dollar weakens on slow home sales

Story link: US dollar weakens on slow home sales

The US dollar weakened on Monday after new figures from the Commerce Department showed that the sale of new homes dropped by 3.9 percent in February. It was the worst month for new home sales since August 2000. The news, which disappointed after data last week showing that existing home sales were better […]


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	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 […] 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 3, 2008 USD benefits from private jobs report, UAE decision Story link: USD benefits from private jobs report, UAE decision The US dollar fell to near a one-month low versus the euro on Thursday when it traded at $1.4781 to the euro early, but a private report on US employment that said more new jobs were created there in December than had been expected helped the greenback to regain some of its losses. However, the […] 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 […] November 20, 2007 USD at new low versus euro Story link: USD at new low versus euro The US dollar weakened again on Tuesday, touching yet another new record low versus the euro and hitting a record low in relation to the Swiss franc as well. There are a number of factors feeding into the dollar’s weakness, including increased expectations that the Federal Reserve will cut interest rates again when it meets in […] July 31, 2007 Yen gains on greenback, euro Story link: Yen gains on greenback, euro The Japanese yen strengthened against some currencies on Tuesday as investors retreated from risky investments as they worried about continuing problems in the subprime mortgage sector. The US dollar dropped 0.5 percent to ¥118.56 against the yen in late afternoon trade in New York, while the euro dropped 0.6 percent to ¥162.22 versus the yen. The Japanese […] July 6, 2007 US dollar ends week lower Story link: US dollar ends week lower After hitting a near-record low versus the euro during the week, the US dollar recovered a bit as the week ended but still closed out the week behind against the euro and sterling, while also losing ground against currencies from oil producers as oil prices went higher. The dollar dropped 0.3 percent over the week to […] June 27, 2007 Yen strengthens again; US dollar waits for Fed decision Story link: Yen strengthens again; US dollar waits for Fed decision The Japanese yen strengthened for the third session in a row on Wednesday, helped by investors who were less likely to make risky investments as worry continued over troubles in the subprime mortgage sector in the United States. The yen was also helped by higher readings than anticipated on retail sales in Japan in […] May 31, 2007 US dollar lower versus euro, sterling Story link: US dollar lower versus euro, sterling The US dollar was temporarily buoyed by a new report showing that US Midwest business activity was better than expected in May, even as GDP figures from the first quarter were weaker than had been anticipated. The greenback was as high as ¥121.98 versus the yen on the mixed news, but by midday trade […] May 30, 2007 Yen, Swiss franc see gains Story link: Yen, Swiss franc see gains The US dollar didn’t make any headway in relation to low yielding currencies such as the Japanese yen and Swiss franc on Wednesday, but had more success against major currencies. Even so, analysts called recent moves by China, including today’s increase in taxes on share transactions, dollar positive. The dollar added 0.1 […] March 26, 2007 US dollar weakens on slow home sales Story link: US dollar weakens on slow home sales The US dollar weakened on Monday after new figures from the Commerce Department showed that the sale of new homes dropped by 3.9 percent in February. It was the worst month for new home sales since August 2000. The news, which disappointed after data last week showing that existing home sales were better […] Next Page »
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