Norwegian krone weaker on rate cut
Story link: Norwegian krone weaker on rate cut
The Norwegian krone weakened versus the euro and the US dollar Wednesday after Norges Bank, Norway’s central bank, cut its deposit rate by half a percentage point to 2 percent.
The deposit rate is the interest earned by deposited funds.
At midday in New York, the krone traded at kr8.8132 to the euro and at kr6.5059 to […]
Euro, pound see gains on news
Story link: Euro, pound see gains on news
The euro and the pound both gained on the US dollar on Monday, while the greenback was also lower versus the Swedish krona and the Korean won as equities markets gained, inducing more investors to look for riskier currency trades.
The pound made its gains as Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) said it […]
Jobs data helps USD
Story link: Jobs data helps USD
The US dollar strengthened in relation to the euro Friday after the Labor Department’s official jobs numbers showed that the United States economy only lost 524,000 jobs in December, fewer than expected and many fewer than a private report showed earlier in the week.
In late morning trade in New York the greenback traded at $1.3506 […]
Euro, pound weaker on rate speculation
Story link: Euro, pound weaker on rate speculation
The euro and the pound both weakened Wednesday on the likelihood that the European Central Bank and the Bank of England will cut interest rates again soon, with the euro finding its weakest level in more than four years against the yen, which gained on all major currencies during the day on a retreat from […]
Bernanke comments help US dollar versus euro
Story link: Bernanke comments help US dollar versus euro
The US dollar strengthened in relation to the euro after US Federal Reserve Chairman Ben Bernanke said that there is reason to consider another fiscal stimulus package similar to the one passed earlier in the year by the US Congress that saw many taxpayers receive tax rebate checks in the mail.
It seemed unlikely, however, […]
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 […]
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 […]
Dollar declines on doubts about Fed program
Story link: Dollar declines on doubts about Fed program
The US dollar hit another record low versus the euro on a general feeling that the injection of up to $200 billion into the system will not be effective in helping the economy to avoid recession by increasing the amount of money available for loans.
A European Union report showing that industrial production in the Eurozone […]
Emerging currencies gain on greenback
Story link: Emerging currencies gain on greenback
Emerging markets currencies made gains on the US dollar Wednesday on fears of more trouble in global equities markets.
The Korean won added 0.1 percent to Won941.80, while the South African rand added 1 percent to R7.2200 to the dollar and the Turkish lira jumped 1.5 percent to TL1.3200.
Major currencies also rose versus the greenback, with […]
US Dollar falls versus European currencies
Story link: US Dollar falls versus European currencies
A new Ifo survey of business confidence in German sent the euro higher versus both the US dollar and the yen. The Ifo index was at 108.7 in December, up from 106.8 in November and despite a prediction that the December figures would be same as the previous month’s. Analysts said that they […]
US Dollar falls versus European currencies
Story link: US Dollar falls versus European currencies
A new Ifo survey of business confidence in German sent the euro higher versus both the US dollar and the yen. The Ifo index was at 108.7 in December, up from 106.8 in November and despite a prediction that the December figures would be same as the previous month’s. Analysts said that they […]
Most currencies unmoved by North Korea test
Story link: Most currencies unmoved by North Korea test
North Korea’s claims that it has carried out a long-threatened nuclear test affected few currencies markets on Monday. The biggest fall came in South Korea’s currency, and while some other Asian currencies were also affected, the damage was much less. This was due primarily to the fact that North Korea is too remote […]
US dollar stronger on trade deficit figures
Story link: US dollar stronger on trade deficit figures
The US dollar strengthened on Wednesday, helped by the news that May’s trade deficit was not as large as had been expected. While May’s deficit was half a million dollars more than April’s figure, at $63.8 billion it was lower than the $64.9 billion that had been predicted by analysts. The lower number […]
Asian currencies weaken slightly
Story link: Asian currencies weaken slightly
The US dollar strengthened on Wednesday after new figures were released, saying that 368,000 new jobs were created in June. It had been estimated that the month would see 155,000 new jobs created in the month. Analysts said that if the ADP National Employment Report numbers are accurate, the wage inflation that could […]
Asian currencies weaken slightly
Story link: Asian currencies weaken slightly
The US dollar strengthened on Wednesday after new figures were released, saying that 368,000 new jobs were created in June. It had been estimated that the month would see 155,000 new jobs created in the month. Analysts said that if the ADP National Employment Report numbers are accurate, the wage inflation that could […]
Swiss franc weakens
Story link: Swiss franc weakens
With currency trade light on Tuesday as the United States took the day off for the Independence Day holiday, several Asian currencies took the opportunity to make gains against the greenback. The South Korean won added 0.2 percent versus the dollar to Won 943, while the Thai baht gained 0.4 percent to Bt37.855 and […]
Yen declines despite strong Tankan data
Story link: Yen declines despite strong Tankan data
The US dollar held steady against the euro and saw slight gains in relation to the yen and sterling on Monday after the US Institute of Supply Management’s purchasing managers’ index was shown to be off unexpectedly in June. Some analysts said that with low trade volume ahead of the Independence Day holiday in […]
Yen hits all-time low versus euro
Story link: Yen hits all-time low versus euro
Analysts were at a loss on Thursday to figure out exactly why the US dollar rallied. While some said that the greenback was benefiting from the unwinding of carry trades by US-based hedge funds and others cited greater interest rate differentials, others discounted these explanations. Still others simply termed the rally an “aberration”.
The […]
US dollar rally continues
Story link: US dollar rally continues
In currency markets on Tuesday, the Japanese yen was down against major currencies as analysts said that recent declines in equities markets there could cause the Bank of Japan to put off its plans to begin raising interest rates. Also helping the yen down were worries concerning the upcoming Tankan survey of business sentiment […]
US dollar stronger versus most currencies
Story link: US dollar stronger versus most currencies
The US dollar strengthened against some currencies over the week, helped by interest rate differentials, the perception of Treasury bonds as a safe place for investors to put their money, and a US trade deficit that didn’t widen as much as analysts had feared it would.
The greenback was up 2.2 percent to $1.2636 during the […]
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