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 16, 2008

USD gains on lower oil prices

Story link: USD gains on lower oil prices

The US dollar made gains in relation to the euro after oil prices fell again in reaction to higher than expected stockpiles in the United States and after the decline in oil prices sent equities markets higher.
A quarterly report from Wells Fargo (NYSE: WFC) that saw quarterly profits better than expected also helped the greenback’s […]

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 14, 2008

USD up on government help for Fannie, Freddie

Story link: USD up on government help for Fannie, Freddie

The US dollar gained ground on the euro Monday after the Federal Reserve gave troubled mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) permission to borrow directly from the New York Fed and after US Treasury Secretary Henry Paulson asked Congress to grant the Treasury its consent to buy stakes in both […]

July 11, 2008

Lender worries hurt USD

Story link: Lender worries hurt USD

Worries about the fate of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), the two biggest mortgage lenders in the United States, reverberated through currency markets on Friday as investors failed to be moved by statements from US Treasury Secretary Henry Paulson an US President George W. Bush that the government is working […]

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 8, 2008

Yen stronger on retreat from risk

Story link: Yen stronger on retreat from risk

The Japanese yen strengthened Tuesday as equities markets declined, reducing investor interest in risky investments such as carry trades financed with low-yielding currencies such as the yen.
The retreat from carry trades weakened currencies with high yields, such as the Australian and New Zealand dollars, but the yen also gained on the US dollar and […]

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 […]

July 2, 2008

Jobs data hurts USD

Story link: Jobs data hurts USD

The US dollar saw declines after a private report showed more job losses in the US in June.
A private report from ADP Employer Services said that there were 79,000 fewer jobs in the US last month, a day ahead of the Labor Department’s employment report for the month.
The greenback was also hurt by predictions that […]

July 1, 2008

Yen, Swiss franc gain on economy concerns

Story link: Yen, Swiss franc gain on economy concerns

The yen and Swiss franc both made gains on Tuesday while the Australia and New Zealand dollars declined on the session.
Both the Japanese and Swiss currencies were up on declines in equities markets and on concerns that demand for high-yielding currencies such as the Australia and New Zealand dollars is dropping as economic growth slows […]

June 30, 2008

US dollar continues to weaken

Story link: US dollar continues to weaken

The US dollar weakened again Monday even as US Treasury Secretary Henry Paulson was telling a radio station in Moscow that a strong dollar serves the interests of the United States.
The dollar was hurt by sentiment that an upcoming Labor Department report will show that there were 60,000 fewer jobs in June than there were […]

June 26, 2008

Pound gains on King remarks

Story link: Pound gains on King remarks

The pound strengthened versus the US dollar Thursday on remarks from Bank of England governor Mervyn King, who said that the Bank will do whatever is necessary to cut inflation in the UK.
Mr. King also said that the Bank believes that UK inflation will be above 4 percent before the end of 2008.
At 12:30 p.m. […]

June 25, 2008

USD helped by oil prices before Fed rate decision

Story link: USD helped by oil prices before Fed rate decision

The US dollar was about even in relation to the euro and up slightly against the yen on Wednesday ahead of the latest decision on US interest rates by the Federal Reserve.
A decline in crude oil prices after gains in US inventories also helped the dollar, but a decline in new home sales in May […]

June 24, 2008

USD weakens on confidence, house price data

Story link: USD weakens on confidence, house price data

The US dollar declined in relation to the euro and the yen after the Conference Board issued new data showing its confidence index at 50.4 in June, down from 58.1 in May.
Also hurting the greenback, new numbers from the S&P/Case-Shiller home-price index was down 15.3 percent in April from the same time last year after […]

June 23, 2008

Pound weaker after house price report

Story link: Pound weaker after house price report

The pound weakened in relation to the US dollar and the euro on Monday in the wake of a report from online property search company Rightmove (LSE: RMV) that the average price for a home dropped 1.2 percent in May across the UK and was down 1.4 percent in London.
The news made it less […]

June 20, 2008

Pound weaker on house price speculation

Story link: Pound weaker on house price speculation

The pound weakened in relation to the euro Friday on comments from a Bank of England deputy governor who said that house prices in the UK will continue to decline.
His comments made it seem less likely that the Bank’s Monetary Policy Committee will raise interest rates in the next few months and hurt consumer […]

June 18, 2008

USD gains on yen

Story link: USD gains on yen

Interest rate speculation sent the dollar higher versus the yen Wednesday as investors continued to bet that the Federal Reserve will increase US interest rates later this year and after the minutes of the most recent meeting of the Bank of Japan indicated that it will likely continue to hold interest rates at their current […]

June 17, 2008

US housing starts data hurts dollar

Story link: US housing starts data hurts dollar

The US dollar was weaker again Tuesday, hurt by a new report from the Commerce Department showing that housing starts in the US were down in May, causing speculation that the Federal Reserve will not raise interest rates until the end of the year, if at all.
However, the euro was hurt as well, by a […]


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	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 16, 2008 USD gains on lower oil prices Story link: USD gains on lower oil prices The US dollar made gains in relation to the euro after oil prices fell again in reaction to higher than expected stockpiles in the United States and after the decline in oil prices sent equities markets higher. A quarterly report from Wells Fargo (NYSE: WFC) that saw quarterly profits better than expected also helped the greenback’s […] 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 14, 2008 USD up on government help for Fannie, Freddie Story link: USD up on government help for Fannie, Freddie The US dollar gained ground on the euro Monday after the Federal Reserve gave troubled mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) permission to borrow directly from the New York Fed and after US Treasury Secretary Henry Paulson asked Congress to grant the Treasury its consent to buy stakes in both […] July 11, 2008 Lender worries hurt USD Story link: Lender worries hurt USD Worries about the fate of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), the two biggest mortgage lenders in the United States, reverberated through currency markets on Friday as investors failed to be moved by statements from US Treasury Secretary Henry Paulson an US President George W. Bush that the government is working […] 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 8, 2008 Yen stronger on retreat from risk Story link: Yen stronger on retreat from risk The Japanese yen strengthened Tuesday as equities markets declined, reducing investor interest in risky investments such as carry trades financed with low-yielding currencies such as the yen. The retreat from carry trades weakened currencies with high yields, such as the Australian and New Zealand dollars, but the yen also gained on the US dollar and […] 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 […] July 2, 2008 Jobs data hurts USD Story link: Jobs data hurts USD The US dollar saw declines after a private report showed more job losses in the US in June. A private report from ADP Employer Services said that there were 79,000 fewer jobs in the US last month, a day ahead of the Labor Department’s employment report for the month. The greenback was also hurt by predictions that […] July 1, 2008 Yen, Swiss franc gain on economy concerns Story link: Yen, Swiss franc gain on economy concerns The yen and Swiss franc both made gains on Tuesday while the Australia and New Zealand dollars declined on the session. Both the Japanese and Swiss currencies were up on declines in equities markets and on concerns that demand for high-yielding currencies such as the Australia and New Zealand dollars is dropping as economic growth slows […] June 30, 2008 US dollar continues to weaken Story link: US dollar continues to weaken The US dollar weakened again Monday even as US Treasury Secretary Henry Paulson was telling a radio station in Moscow that a strong dollar serves the interests of the United States. The dollar was hurt by sentiment that an upcoming Labor Department report will show that there were 60,000 fewer jobs in June than there were […] June 26, 2008 Pound gains on King remarks Story link: Pound gains on King remarks The pound strengthened versus the US dollar Thursday on remarks from Bank of England governor Mervyn King, who said that the Bank will do whatever is necessary to cut inflation in the UK. Mr. King also said that the Bank believes that UK inflation will be above 4 percent before the end of 2008. At 12:30 p.m. […] June 25, 2008 USD helped by oil prices before Fed rate decision Story link: USD helped by oil prices before Fed rate decision The US dollar was about even in relation to the euro and up slightly against the yen on Wednesday ahead of the latest decision on US interest rates by the Federal Reserve. A decline in crude oil prices after gains in US inventories also helped the dollar, but a decline in new home sales in May […] June 24, 2008 USD weakens on confidence, house price data Story link: USD weakens on confidence, house price data The US dollar declined in relation to the euro and the yen after the Conference Board issued new data showing its confidence index at 50.4 in June, down from 58.1 in May. Also hurting the greenback, new numbers from the S&P/Case-Shiller home-price index was down 15.3 percent in April from the same time last year after […] June 23, 2008 Pound weaker after house price report Story link: Pound weaker after house price report The pound weakened in relation to the US dollar and the euro on Monday in the wake of a report from online property search company Rightmove (LSE: RMV) that the average price for a home dropped 1.2 percent in May across the UK and was down 1.4 percent in London. The news made it less […] June 20, 2008 Pound weaker on house price speculation Story link: Pound weaker on house price speculation The pound weakened in relation to the euro Friday on comments from a Bank of England deputy governor who said that house prices in the UK will continue to decline. His comments made it seem less likely that the Bank’s Monetary Policy Committee will raise interest rates in the next few months and hurt consumer […] June 18, 2008 USD gains on yen Story link: USD gains on yen Interest rate speculation sent the dollar higher versus the yen Wednesday as investors continued to bet that the Federal Reserve will increase US interest rates later this year and after the minutes of the most recent meeting of the Bank of Japan indicated that it will likely continue to hold interest rates at their current […] June 17, 2008 US housing starts data hurts dollar Story link: US housing starts data hurts dollar The US dollar was weaker again Tuesday, hurt by a new report from the Commerce Department showing that housing starts in the US were down in May, causing speculation that the Federal Reserve will not raise interest rates until the end of the year, if at all. However, the euro was hurt as well, by a […] Next Page »
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