Daily Forex News
 
Daily World Currencies News from London
Tuesday 07th of October 2008
May 30, 2007

Yen, Swiss franc see gains

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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

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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 […]



March 15, 2007

Fitch downgrades Icelandic krona

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Fitch downgrades Icelandic krona

The Japanese yen was weaker on Thursday as equities markets gained ground. The yen has risen with the faltering fortunes of equities markets recently as investors rush to decrease their exposure to risky investments. The yen dropped 0.3 percent against both the US dollar and sterling, to Â¥117.40 and Â¥227.10 respectively, while it […]



January 9, 2007

Sterling stronger ahead of Bank of England meeting this week

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Sterling stronger ahead of Bank of England meeting this week

The US dollar was stronger on Tuesday as investors bet that lower crude oil prices would help spur growth in the US economy. Crude oil prices were down to levels not seen since July 2005 and heating oil demand remained low amid continuing mild weather in much of the nation.
In mid-afternoon trade, the dollar […]



January 4, 2007

US Dollar stronger despite mixed data

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US Dollar stronger despite mixed data

The US dollar strengthened on Thursday as analysts characterized new economic data as mixed but more positive than had been anticipated. Unemployment claims were higher last week and growth slowed in the services sector in December, but factory orders were up a bit in the latest available report.
In mid-afternoon trade in New York, the […]



November 17, 2006

Sterling, euro, yen all weaker

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Sterling, euro, yen all weaker

The US dollar was weaker on Friday but higher over the week on rumors that a large hedge fund had to sell its dollar positions in order to pay for losses in the oil market after crude oil prices fell to their lowest levels in a year. The greenback, which was benefiting from the […]



November 1, 2006

Norwegian krone up on interest rate hike

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Norwegian krone up on interest rate hike

The US dollar was weaker on Wednesday on new data from the Institute of Supply Management that shows the manufacturing sector at its lowest level since June 2003, well below the forecast numbers. Analysts said that this new survey, coupled with other recent disappointing economic news, supports the view that the next time the […]



October 11, 2006

Oil prices hurt krone, Canadian dollar

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Oil prices hurt krone, Canadian dollar

The dollar was nearly unchanged Wednesday but managed to hold on to recent gains as the chance of an interest rate cut early next year was thought to be dropping. The opinion that a rate cut is not in the cards came largely from remarks by Federal Reserve officials that indicated no inclination to […]



Oil prices hurt krone, Canadian dollar

Story link: Oil prices hurt krone, Canadian dollar


Oil prices hurt krone, Canadian dollar

The dollar was nearly unchanged Wednesday but managed to hold on to recent gains as the chance of an interest rate cut early next year was thought to be dropping. The opinion that a rate cut is not in the cards came largely from remarks by Federal Reserve officials that indicated no inclination to […]



October 4, 2006

Some commodity-linked currencies decline

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Some commodity-linked currencies decline

The US dollar was higher on Wednesday as investors hoped that dropping commodities prices could help the US economy. But while some analysts said that the drop in prices, especially for crude oil, had been important psychologically, new data such as that from the US Institute for Supply Management that showed a bigger decline […]



August 17, 2006

Australian dollar weakens

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Australian dollar weakens

Sterling was weaker on Thursday after gains last week in the wake of the Bank of England’s surprise move to raise UK interest rates. Even though most analysts expect the Bank or hike rates one more time this year, new data that show inflation up less than expected for both producers and customers, higher […]



July 27, 2006

US Senators promise tariffs legislation if renminbi doesn’t rise

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US Senators promise tariffs legislation if renminbi doesn’t rise

The US dollar weakened on Thursday as the Federal Reserve’s “Beige Book” report, released on Wednesday, provided anecdotal evidence that US economic growth is beginning to slow even though a new report showed that durable goods orders were up more than expected while unemployment levels were down.
The greenback was down 1.5 percent in the past […]



June 2, 2006

Employment data weakens US dollar

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Employment data weakens US dollar

Substantially lower than expected employment data in the United States on Friday resulted in a weakened dollar as it became less likely that the Federal Reserve will raise interest rates again in June. While unemployment declined to 4.6 percent in May, only 75,000 jobs were created during the month.
The greenback dropped 0.8 percent to […]



April 11, 2006

Euro strengthens, yen weaker

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Euro strengthens, yen weaker

The euro was stronger in relation to the US dollar and sterling on Tuesday, but it fell from a four-day high against the greenback after the ZEW survey of investor sentiment in German showed an unexpected drop from 63.4 in March to 62.7 in April. It was the third decline in a row, most […]



March 6, 2006

Yen falls, US dollar strengthens

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Yen falls, US dollar strengthens

Several factors combined on Monday to cause the Japanese yen to decline in value even though some analysts expect the Bank of Japan to begin tightening its monetary policy as soon as this week, although most expect that any move will not come until April. Those factors included data showing that short yen position […]



October 11, 2005

Euro down in relation to US dollar, European currencies

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Euro down in relation to US dollar, European currencies

The euro was weaker on Tuesday amid concerns that the new coalition government in Germany will not go forward with reforms in the tax system and labor market there.
The US dollar gained 0.5 percent to $1.2007 in relation to the euro while traders awaited the release of the minutes of the September 20 meeting of […]



September 2, 2005

US dollar weak against European currencies this week

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US dollar weak against European currencies this week

This week, the US dollar hit its lowest level since May against a number of European currencies as the fallout from Hurricane Katrina continued to grow. A special worry was rising gasoline prices after the storm shut down 10 percent of refining capacity in the United States. It was said that gasoline prices […]



June 15, 2005

Dollar loses ground on currency markets

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Dollar loses ground on currency markets

The dollar lost 0.6 percent to $1.2106 in relation to the euro on Wednesday. It also fell against the yen, sterling, and the Canadian dollar, falling 0.1 percent in relation to the yen to ¥109.29, falling 0.8 percent to $1.8211 against sterling, and losing a full 1 percent to $1.2392 against the Canadian dollar. […]



June 13, 2005

US dollar continues up on economic data

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US dollar continues up on economic data

The US dollar was up 0.6 percent to $1.2937 against the euro on Monday, a nine-month high, and an increase of 10.7 percent on the euro since March.
The dollar also rose in relation to sterling, rising 0.5 percent to $1.8020, while gaining 0.9 percent to ¥109.58 in relation to the yen and going […]



June 10, 2005

Euro in decline while dollar strengthens

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Euro in decline while dollar strengthens

The euro continued to decline against other currencies on Friday, falling 0.8 percent for the week to $1.2130 in relation to the US dollar, a nine-month low.
It also declined 0.1 percent for the week to a one-year low of ¥131.51 against the yen. The euro also fell 0.8 percent on the week in […]




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