August 21, 2008

Yen, Swiss franc stronger on credit fears

Story link: Yen, Swiss franc stronger on credit fears

The yen and the Swiss franc both strengthened Thursday on speculation that concerns about losses related to the credit crisis will cut demand for purchases of higher-yielding currencies that are typically financed by lower-yielding currencies such as the yen and the franc.
In late morning trade in New York the yen traded at ¥161.1536 to the […]

August 20, 2008

Slowing economies hurt euro, pound

Story link: Slowing economies hurt euro, pound

The euro and the pound both weakened versus the US dollar Wednesday after both the German and UK economies showed signs of slowing further.
The German economy contracted by 0.5 percent in the second quarter of the year, the first time that has happened in four years, while in the UK the minutes of the […]

August 19, 2008

Yen gains on euro, USD, pound

Story link: Yen gains on euro, USD, pound

The yen strengthened versus the euro, the US dollar, the pound and the Australian dollar Tuesday as investors backed away from purchases of higher-yield currencies financed with the low-yielding yen, but the US dollar gained on the euro, the pound and the South African rand after wholesale prices in the US were reported to […]

August 18, 2008

USD weaker after quick rally

Story link: USD weaker after quick rally

The US dollar was weaker in relation to the yen, the Australian dollar and the New Zealand dollar Monday on concerns that the recent rally for the greenback, which has added 8.4 percent versus the euro since July, was too quick.
The declines for the dollar came ahead of separate reports on wholesale costs and housing […]

August 13, 2008

Yen stronger on flight from risk

Story link: Yen stronger on flight from risk

The Japanese yen strengthened Wednesday as demand of higher-yielding currencies declined as it looked like interest rates in places like Australia and New Zealand are set to decline after major declines in commodities prices.
Investors were also scared away from risky carry trades by new data showing that Japan could be about to enter a recession.
At […]

August 12, 2008

Pound declines on inflation, house prices

Story link: Pound declines on inflation, house prices

The pound was weaker Tuesday on new data showing that UK inflation was at 4.4 percent in July, higher than anticipated and more than twice the target set by the Bank of England, and after the Royal Institution of Chartered Surveyors reported that house prices were lower again in July.
RICS said that 83.9 percent more […]

August 8, 2008

Euro drops 3 percent versus USD this week

Story link: Euro drops 3 percent versus USD this week

The euro was on track to drop 3.1 percent versus the US dollar this week and it was down almost 2 percent on the session to $1.5042 to the shared currency on sentiment that the European Central Bank is not likely to raise Eurozone interest rates anytime soon.
The declines came after ECB president Jean-Claude Trichet […]

August 7, 2008

Euro weaker after ECB rate decision

Story link: Euro weaker after ECB rate decision

The euro weakened in relation to the US dollar, the yen and the Canadian dollar Thursday as the European Central Bank left Eurozone interest rates steady at 4.25 percent for the time being.
Along with the rate decision, ECB President Jean-Claude Trichet made comments indicating that economic growth in the region will likely slow in the […]

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 […]

August 4, 2008

Pound weaker on construction data

Story link: Pound weaker on construction data

The pound weakened Monday after the Chartered Institute of Purchasing and Supply said its construction purchasing manager’s index fell to 36.7 in July from 38.8 in June, its lowest since reporting began in 1997, representing a bigger contraction than expected in the construction sector that comprises 6 percent of the UK economy.
A report that the […]

August 1, 2008

Jobs, manufacturing data help greenback

Story link: Jobs, manufacturing data help greenback

The US dollar strengthened after the Labor Department reported that the United States economy lost only 51,000 jobs in July, fewer than the 75,000 that had been expected to be lost and although the unemployment rate jumped to 5.7 percent, its highest level in over four years.
A separate report from the Institute for Supply Management […]

July 31, 2008

USD declines on GDP, jobless filings

Story link: USD declines on GDP, jobless filings

The US dollar declined in relation to the euro and the pound Thursday after a smaller than expected gain in the Gross Domestic Product and as first-time jobless claims rose last week.
The GDP added 1.9 percent in the second quarter, according to the Commerce Department, against an expected gain of 2.3 percent, while the Labor […]

July 29, 2008

USD strengthens on oil prices, consumer confidence

Story link: USD strengthens on oil prices, consumer confidence

The US dollar gained on the euro and the yen Tuesday as US consumer confidence grew and crude oil prices resumed their recent declines.
The Conference Board, an independent economic research organization, said its confidence index was up from 51 in June to 51.9 in July.
Meanwhile, the yen was hurt by gains in the unemployment rate […]

July 28, 2008

Dollar weaker on credit comments by Fed official

Story link: Dollar weaker on credit comments by Fed official

The US dollar weakened in relation to the euro and the yen Monday after comments from the president of the Minneapolis Fed in which he said that US credit problems are likely to get worse, and on speculation that house prices were down again when a new report on May’s numbers is released tomorrow.
A private […]

July 24, 2008

Euro, pound weaker on data

Story link: Euro, pound weaker on data

The euro and the pound were both weaker Thursday after German business confidence and UK retail sales were both reported lower.
The Ifo Institute reported that business confidence in Germany was at 97.5 on its business climate index in July, down from 101.2 in June, the biggest drop since September 2001, making it less likely that […]

July 15, 2008

USD weaker on Bernanke comments

Story link: USD weaker on Bernanke comments

The US dollar was weaker Tuesday against most major currencies after Federal Reserve chairman Ben Bernanke told the US Senate Banking Committee that risks have increased in relation to both growth and inflation.
Also affecting the dollar were separate reports from the Commerce Department and the Labor Department showing that retail sales gained just 0.1 percent […]

July 10, 2008

USD gains on pound, weakens versus euro

Story link: USD gains on pound, weakens versus euro

The US dollar weakened in relation to the euro on Thursday after seeing earlier gains against the shared currency on data showing that industrial production was down in both France and Italy in May.
The declines for the greenback came on fears of more losses in the financial sector on mixed signals about the health of […]

July 9, 2008

Dollar declines after Iran missile test

Story link: Dollar declines after Iran missile test

The US dollar weakened Wednesday after oil prices rose in the wake of reports that Iran has tested a missile said to be capable of reaching Israel and after new data showed that US oil inventories declined last week.
The test, which took place during war games at the mouth of the strategic Strait of […]

July 7, 2008

USD stronger on lower oil prices as G8 summit begins

Story link: USD stronger on lower oil prices as G8 summit begins

The US dollar strengthened in relation to the euro Monday as the Group of Eight summit began as guesses circulated that the US will use the meeting to try to find a way to stop the rise in crude oil prices, which were lower during the session on comments from Iran’s foreign minister but still […]

July 3, 2008

Euro weaker after rate increase

Story link: Euro weaker after rate increase

The euro weakened Thursday after the European Central Bank raised Eurozone interest rates to 4.25 percent, a gain of a quarter of a percentage point to, to try to bring inflation in check in the region.
However, in comments issued with the announcement, ECB president Jean-Claude Trichet hinted that this might be the last rate hike […]

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Daily World Currencies News from London		Tuesday 07th of October 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	August 21, 2008 Yen, Swiss franc stronger on credit fears Story link: Yen, Swiss franc stronger on credit fears The yen and the Swiss franc both strengthened Thursday on speculation that concerns about losses related to the credit crisis will cut demand for purchases of higher-yielding currencies that are typically financed by lower-yielding currencies such as the yen and the franc. In late morning trade in New York the yen traded at ¥161.1536 to the […] August 20, 2008 Slowing economies hurt euro, pound Story link: Slowing economies hurt euro, pound The euro and the pound both weakened versus the US dollar Wednesday after both the German and UK economies showed signs of slowing further. The German economy contracted by 0.5 percent in the second quarter of the year, the first time that has happened in four years, while in the UK the minutes of the […] August 19, 2008 Yen gains on euro, USD, pound Story link: Yen gains on euro, USD, pound The yen strengthened versus the euro, the US dollar, the pound and the Australian dollar Tuesday as investors backed away from purchases of higher-yield currencies financed with the low-yielding yen, but the US dollar gained on the euro, the pound and the South African rand after wholesale prices in the US were reported to […] August 18, 2008 USD weaker after quick rally Story link: USD weaker after quick rally The US dollar was weaker in relation to the yen, the Australian dollar and the New Zealand dollar Monday on concerns that the recent rally for the greenback, which has added 8.4 percent versus the euro since July, was too quick. The declines for the dollar came ahead of separate reports on wholesale costs and housing […] August 13, 2008 Yen stronger on flight from risk Story link: Yen stronger on flight from risk The Japanese yen strengthened Wednesday as demand of higher-yielding currencies declined as it looked like interest rates in places like Australia and New Zealand are set to decline after major declines in commodities prices. Investors were also scared away from risky carry trades by new data showing that Japan could be about to enter a recession. At […] August 12, 2008 Pound declines on inflation, house prices Story link: Pound declines on inflation, house prices The pound was weaker Tuesday on new data showing that UK inflation was at 4.4 percent in July, higher than anticipated and more than twice the target set by the Bank of England, and after the Royal Institution of Chartered Surveyors reported that house prices were lower again in July. RICS said that 83.9 percent more […] August 8, 2008 Euro drops 3 percent versus USD this week Story link: Euro drops 3 percent versus USD this week The euro was on track to drop 3.1 percent versus the US dollar this week and it was down almost 2 percent on the session to $1.5042 to the shared currency on sentiment that the European Central Bank is not likely to raise Eurozone interest rates anytime soon. The declines came after ECB president Jean-Claude Trichet […] August 7, 2008 Euro weaker after ECB rate decision Story link: Euro weaker after ECB rate decision The euro weakened in relation to the US dollar, the yen and the Canadian dollar Thursday as the European Central Bank left Eurozone interest rates steady at 4.25 percent for the time being. Along with the rate decision, ECB President Jean-Claude Trichet made comments indicating that economic growth in the region will likely slow in the […] 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 […] August 4, 2008 Pound weaker on construction data Story link: Pound weaker on construction data The pound weakened Monday after the Chartered Institute of Purchasing and Supply said its construction purchasing manager’s index fell to 36.7 in July from 38.8 in June, its lowest since reporting began in 1997, representing a bigger contraction than expected in the construction sector that comprises 6 percent of the UK economy. A report that the […] August 1, 2008 Jobs, manufacturing data help greenback Story link: Jobs, manufacturing data help greenback The US dollar strengthened after the Labor Department reported that the United States economy lost only 51,000 jobs in July, fewer than the 75,000 that had been expected to be lost and although the unemployment rate jumped to 5.7 percent, its highest level in over four years. A separate report from the Institute for Supply Management […] July 31, 2008 USD declines on GDP, jobless filings Story link: USD declines on GDP, jobless filings The US dollar declined in relation to the euro and the pound Thursday after a smaller than expected gain in the Gross Domestic Product and as first-time jobless claims rose last week. The GDP added 1.9 percent in the second quarter, according to the Commerce Department, against an expected gain of 2.3 percent, while the Labor […] July 29, 2008 USD strengthens on oil prices, consumer confidence Story link: USD strengthens on oil prices, consumer confidence The US dollar gained on the euro and the yen Tuesday as US consumer confidence grew and crude oil prices resumed their recent declines. The Conference Board, an independent economic research organization, said its confidence index was up from 51 in June to 51.9 in July. Meanwhile, the yen was hurt by gains in the unemployment rate […] July 28, 2008 Dollar weaker on credit comments by Fed official Story link: Dollar weaker on credit comments by Fed official The US dollar weakened in relation to the euro and the yen Monday after comments from the president of the Minneapolis Fed in which he said that US credit problems are likely to get worse, and on speculation that house prices were down again when a new report on May’s numbers is released tomorrow. A private […] July 24, 2008 Euro, pound weaker on data Story link: Euro, pound weaker on data The euro and the pound were both weaker Thursday after German business confidence and UK retail sales were both reported lower. The Ifo Institute reported that business confidence in Germany was at 97.5 on its business climate index in July, down from 101.2 in June, the biggest drop since September 2001, making it less likely that […] July 15, 2008 USD weaker on Bernanke comments Story link: USD weaker on Bernanke comments The US dollar was weaker Tuesday against most major currencies after Federal Reserve chairman Ben Bernanke told the US Senate Banking Committee that risks have increased in relation to both growth and inflation. Also affecting the dollar were separate reports from the Commerce Department and the Labor Department showing that retail sales gained just 0.1 percent […] July 10, 2008 USD gains on pound, weakens versus euro Story link: USD gains on pound, weakens versus euro The US dollar weakened in relation to the euro on Thursday after seeing earlier gains against the shared currency on data showing that industrial production was down in both France and Italy in May. The declines for the greenback came on fears of more losses in the financial sector on mixed signals about the health of […] July 9, 2008 Dollar declines after Iran missile test Story link: Dollar declines after Iran missile test The US dollar weakened Wednesday after oil prices rose in the wake of reports that Iran has tested a missile said to be capable of reaching Israel and after new data showed that US oil inventories declined last week. The test, which took place during war games at the mouth of the strategic Strait of […] July 7, 2008 USD stronger on lower oil prices as G8 summit begins Story link: USD stronger on lower oil prices as G8 summit begins The US dollar strengthened in relation to the euro Monday as the Group of Eight summit began as guesses circulated that the US will use the meeting to try to find a way to stop the rise in crude oil prices, which were lower during the session on comments from Iran’s foreign minister but still […] July 3, 2008 Euro weaker after rate increase Story link: Euro weaker after rate increase The euro weakened Thursday after the European Central Bank raised Eurozone interest rates to 4.25 percent, a gain of a quarter of a percentage point to, to try to bring inflation in check in the region. However, in comments issued with the announcement, ECB president Jean-Claude Trichet hinted that this might be the last rate hike […] « Previous Page — Next Page »
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