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 […]

October 7, 2008

Yen weaker on US Fed move

Story link: Yen weaker on US Fed move

The yen weakened versus the euro and the US dollar Tuesday on more demand for carry trades after the US Federal Reserve said it will buy commercial paper - low-risk, low-return money-market securities issued by banks and corporations as an alternative to a line of credit to finance day-to-day expenditures such as payrolls.
The recent troubles […]

October 6, 2008

Euro weaker on credit mess

Story link: Euro weaker on credit mess

The euro weakened Monday as the credit crisis spread to Europe and banks there headed for bailouts while the yen saw gains as investors deserted carry trades amid chaos in the markets.
In Germany, a group including the German government and private banks and insurers mounted a rescue of Hypo Real Estate Holdings (FWB: HRX), the […]

October 3, 2008

Pound weakens on service sector data

Story link: Pound weakens on service sector data

The pound was weaker versus the US dollar for the week after new data showed that the UK service sector contracted at its fastest rate in 16 years in September and after house prices fell yet again there, making it likely that the Bank of England will cut UK interest rates when its Monetary Policy […]

October 1, 2008

USD gains on euro, pound

Story link: USD gains on euro, pound

The US dollar gained on the euro Wednesday on demand for US dollars from foreign banks and ahead of a Senate vote on the $700 billion bailout proposal and a proposal to raise FDIC protection on deposits from $100,000 to $250,000.
The euro declined ahead of Thursday’s meeting of the European Central Bank, where Eurozone interest […]

September 30, 2008

Euro weaker on Dexia rescue

Story link: Euro weaker on Dexia rescue

The euro was weaker versus the US dollar and the pound on Tuesday, with declines coming on the rescue of Belgian-French bank Dexia (Euronext, DEXB, DX; LuxSE: DXB).
France and Belgium will give Dexia around $9.2 billion after its shares dropped by a record 28.5 percent on Monday.
The greenback, meanwhile, was helped by sentiment that […]

September 29, 2008

Pound, euro weaken on bailouts

Story link: Pound, euro weaken on bailouts

The pound and the euro both saw declines Monday after governments had to bail out more than one bank in order to avoid collapse.
The UK treasury took over mortgage lender Bradford & Bingley (LSE: BB), making it the second UK bank to be nationalized after Northern Rock (LSE: NRK) was taken over in February, in […]

September 26, 2008

Yen strenghtens on delays in US bailout plan

Story link: Yen strenghtens on delays in US bailout plan

The yen was stronger in relation to several currencies Friday as investors backed away from risky currency trades on the inability of US legislators to reach an agreement on a bailout plan for the US financial sector and on the failure of US savings and loan Washington Mutual (NYSE: WM).
Washington Mutual was taken over by […]

September 25, 2008

Pound gains on inflation comments

Story link: Pound gains on inflation comments

The pound gained on the US dollar, the euro and the yen Thursday after a Bank of England official said that the Bank needs to keep inflation as its main focus when deciding policy after new data showed that UK inflation was up to 4.7 percent in August.
In morning trade in New York, the pound […]

September 24, 2008

Yen weaker on Fed offer, Buffett deal with Goldman Sachs

Story link: Yen weaker on Fed offer, Buffett deal with Goldman Sachs

The Japanese yen was weaker Wednesday versus the euro and the dollar after investor interest in risky currency trades returned on a move by the US Federal Reserve to make more cash available to some central banks in order to stimulate lending and after Berkshire Hathaway (NYSE: BRK.A, BRK.B), Warren Buffett’s holding company, said […]

September 23, 2008

USD stronger after big decline

Story link: USD stronger after big decline

The US dollar gained on the euro on Tuesday in late morning trade in New York as investors decided that Monday’s 2.1 percent decline for the greenback against the shared currency was too big to hold.
The dollar’s fall Monday came on concerns that the US plan to spend up to $700 billion buying bad debts […]

September 22, 2008

USD lower on deficit concerns

Story link: USD lower on deficit concerns

The US dollar was weaker Monday on fears that the government’s plan to buy $700 in bad debt from banks will increase the nation’s already-soaring deficit.
Some forecasts have the debt ceiling reaching as high as $11.315 trillon due to the plan.
The greenback was also hurt by predictions that new data due later in the […]

September 19, 2008

USD declines against emerging market currencies

Story link: USD declines against emerging market currencies

Currency moves Friday were driven by plans and anticipation of more plans by the US to rush legislation through Congress that is designed to shore up confidence in the financial markets.
Among the plans announced was one from the US Treasury Department to use up to $50 billion from the Exchange Stabilization Fund, a fund first […]

September 18, 2008

USD down versus euro

Story link: USD down versus euro

The US dollar declined versus the euro and then yen declined on slightly increased appetite for higher-yielding currencies after the US Federal Reserve authorized other central banks to auction dollar to banks.
Also hurt by a second day of gains in oil prices and an unexpected gain in first-time jobless claims to 455,000 last week, the […]

September 17, 2008

USD weaker despite AIG bailout

Story link: USD weaker despite AIG bailout

The US dollar was weaker versus the yen and the euro Wednesday as investors continued to worry about credit markets despite a bailout for American International Group (NYSE: AIG) which has the Federal Reserve loaning the US insurer $85 billion and taking nearly 80 percent of the company’s shares in return.
The greenback was also […]

September 16, 2008

Pound weaker on King letter to Exchequer

Story link: Pound weaker on King letter to Exchequer

The pound weakened Tuesday after the Mervyn King, the governor of the Bank of England, said that inflation in the UK will peak soon and then slow down in 2009.
The remarks, which came in a letter to the Chancellor of the Exchequer explaining why the rate of inflation has exceeded government targets by more than […]

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 […]

September 12, 2008

USD weaker on sales, producer price data

Story link: USD weaker on sales, producer price data

The US dollar weakened Friday as both retail sales and producer prices declined more than expected in August.
The Commerce Department reported that retail sales were 0.3 percent lower in August, while the Labor Department said that producer prices fell 0.9 percent during the month.
Additionally, the possibility that the Federal Reserve could cut US interest rates […]

September 11, 2008

Kiwi declines on interest rate cut

Story link: Kiwi declines on interest rate cut

The yen strengthened Thursday as investors pulled away from purchases of higher-yielding currencies while the New Zealand dollar weakened after the central bank there cut interest rates by more than had been expected.
The Reserve Bank of New Zealand cut interest rates there by half a percentage point to 7.5 percent, saying that with retail […]

September 10, 2008

Yen weaker on return to risk

Story link: Yen weaker on return to risk

The yen weakened Wednesday on a return to interest in higher-yielding currencies by investors, who were encouraged by plans announced by Lehman Brothers (NYSE: LEH) to sell part of its assets and reduce its dividend to recover credit-market losses.
In late morning trade in New York, the yen traded at ¥150.9851 to the euro, having regained […]

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Daily World Currencies News from London		Friday 21st of November 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	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 […] October 7, 2008 Yen weaker on US Fed move Story link: Yen weaker on US Fed move The yen weakened versus the euro and the US dollar Tuesday on more demand for carry trades after the US Federal Reserve said it will buy commercial paper - low-risk, low-return money-market securities issued by banks and corporations as an alternative to a line of credit to finance day-to-day expenditures such as payrolls. The recent troubles […] October 6, 2008 Euro weaker on credit mess Story link: Euro weaker on credit mess The euro weakened Monday as the credit crisis spread to Europe and banks there headed for bailouts while the yen saw gains as investors deserted carry trades amid chaos in the markets. In Germany, a group including the German government and private banks and insurers mounted a rescue of Hypo Real Estate Holdings (FWB: HRX), the […] October 3, 2008 Pound weakens on service sector data Story link: Pound weakens on service sector data The pound was weaker versus the US dollar for the week after new data showed that the UK service sector contracted at its fastest rate in 16 years in September and after house prices fell yet again there, making it likely that the Bank of England will cut UK interest rates when its Monetary Policy […] October 1, 2008 USD gains on euro, pound Story link: USD gains on euro, pound The US dollar gained on the euro Wednesday on demand for US dollars from foreign banks and ahead of a Senate vote on the $700 billion bailout proposal and a proposal to raise FDIC protection on deposits from $100,000 to $250,000. The euro declined ahead of Thursday’s meeting of the European Central Bank, where Eurozone interest […] September 30, 2008 Euro weaker on Dexia rescue Story link: Euro weaker on Dexia rescue The euro was weaker versus the US dollar and the pound on Tuesday, with declines coming on the rescue of Belgian-French bank Dexia (Euronext, DEXB, DX; LuxSE: DXB). France and Belgium will give Dexia around $9.2 billion after its shares dropped by a record 28.5 percent on Monday. The greenback, meanwhile, was helped by sentiment that […] September 29, 2008 Pound, euro weaken on bailouts Story link: Pound, euro weaken on bailouts The pound and the euro both saw declines Monday after governments had to bail out more than one bank in order to avoid collapse. The UK treasury took over mortgage lender Bradford & Bingley (LSE: BB), making it the second UK bank to be nationalized after Northern Rock (LSE: NRK) was taken over in February, in […] September 26, 2008 Yen strenghtens on delays in US bailout plan Story link: Yen strenghtens on delays in US bailout plan The yen was stronger in relation to several currencies Friday as investors backed away from risky currency trades on the inability of US legislators to reach an agreement on a bailout plan for the US financial sector and on the failure of US savings and loan Washington Mutual (NYSE: WM). Washington Mutual was taken over by […] September 25, 2008 Pound gains on inflation comments Story link: Pound gains on inflation comments The pound gained on the US dollar, the euro and the yen Thursday after a Bank of England official said that the Bank needs to keep inflation as its main focus when deciding policy after new data showed that UK inflation was up to 4.7 percent in August. In morning trade in New York, the pound […] September 24, 2008 Yen weaker on Fed offer, Buffett deal with Goldman Sachs Story link: Yen weaker on Fed offer, Buffett deal with Goldman Sachs The Japanese yen was weaker Wednesday versus the euro and the dollar after investor interest in risky currency trades returned on a move by the US Federal Reserve to make more cash available to some central banks in order to stimulate lending and after Berkshire Hathaway (NYSE: BRK.A, BRK.B), Warren Buffett’s holding company, said […] September 23, 2008 USD stronger after big decline Story link: USD stronger after big decline The US dollar gained on the euro on Tuesday in late morning trade in New York as investors decided that Monday’s 2.1 percent decline for the greenback against the shared currency was too big to hold. The dollar’s fall Monday came on concerns that the US plan to spend up to $700 billion buying bad debts […] September 22, 2008 USD lower on deficit concerns Story link: USD lower on deficit concerns The US dollar was weaker Monday on fears that the government’s plan to buy $700 in bad debt from banks will increase the nation’s already-soaring deficit. Some forecasts have the debt ceiling reaching as high as $11.315 trillon due to the plan. The greenback was also hurt by predictions that new data due later in the […] September 19, 2008 USD declines against emerging market currencies Story link: USD declines against emerging market currencies Currency moves Friday were driven by plans and anticipation of more plans by the US to rush legislation through Congress that is designed to shore up confidence in the financial markets. Among the plans announced was one from the US Treasury Department to use up to $50 billion from the Exchange Stabilization Fund, a fund first […] September 18, 2008 USD down versus euro Story link: USD down versus euro The US dollar declined versus the euro and then yen declined on slightly increased appetite for higher-yielding currencies after the US Federal Reserve authorized other central banks to auction dollar to banks. Also hurt by a second day of gains in oil prices and an unexpected gain in first-time jobless claims to 455,000 last week, the […] September 17, 2008 USD weaker despite AIG bailout Story link: USD weaker despite AIG bailout The US dollar was weaker versus the yen and the euro Wednesday as investors continued to worry about credit markets despite a bailout for American International Group (NYSE: AIG) which has the Federal Reserve loaning the US insurer $85 billion and taking nearly 80 percent of the company’s shares in return. The greenback was also […] September 16, 2008 Pound weaker on King letter to Exchequer Story link: Pound weaker on King letter to Exchequer The pound weakened Tuesday after the Mervyn King, the governor of the Bank of England, said that inflation in the UK will peak soon and then slow down in 2009. The remarks, which came in a letter to the Chancellor of the Exchequer explaining why the rate of inflation has exceeded government targets by more than […] 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 […] September 12, 2008 USD weaker on sales, producer price data Story link: USD weaker on sales, producer price data The US dollar weakened Friday as both retail sales and producer prices declined more than expected in August. The Commerce Department reported that retail sales were 0.3 percent lower in August, while the Labor Department said that producer prices fell 0.9 percent during the month. Additionally, the possibility that the Federal Reserve could cut US interest rates […] September 11, 2008 Kiwi declines on interest rate cut Story link: Kiwi declines on interest rate cut The yen strengthened Thursday as investors pulled away from purchases of higher-yielding currencies while the New Zealand dollar weakened after the central bank there cut interest rates by more than had been expected. The Reserve Bank of New Zealand cut interest rates there by half a percentage point to 7.5 percent, saying that with retail […] September 10, 2008 Yen weaker on return to risk Story link: Yen weaker on return to risk The yen weakened Wednesday on a return to interest in higher-yielding currencies by investors, who were encouraged by plans announced by Lehman Brothers (NYSE: LEH) to sell part of its assets and reduce its dividend to recover credit-market losses. In late morning trade in New York, the yen traded at ¥150.9851 to the euro, having regained […] « Previous Page — Next Page »
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