Daily Forex News
 
Daily World Currencies News from London
Sunday 12th of October 2008
May 17, 2006

Euro weakens against US dollar

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Euro weakens against US dollar

The US dollar was a bit stronger on Wednesday after France’s Finance Minister made comments indicating that he did not think it wise for the euro to strengthen any further than it already has. Analysts were of the opinion that the remarks might be the opening salvo in an attempt to reduce the strength […]



May 15, 2006

US dollar stronger

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US dollar stronger

The US dollar strengthened Monday despite new capital inflows data showing that March inflows were at $69.8 billion, lower than had been predicted. Gains came as investors exited short positions not only against the dollar but against a number of other currencies as well.
At mid-afternoon in New York, the greenback had gained 0.7 percent […]



US dollar stronger

Story link: US dollar stronger


US dollar stronger

The US dollar strengthened Monday despite new capital inflows data showing that March inflows were at $69.8 billion, lower than had been predicted. Gains came as investors exited short positions not only against the dollar but against a number of other currencies as well.
At mid-afternoon in New York, the greenback had gained 0.7 percent […]



May 8, 2006

Asian currencies strengthen versus US dollar

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Asian currencies strengthen versus US dollar

After last week’s holiday, the Japanese yen was helped out on Monday by the perception that the US and Japan are at odds over currency issues as well as by the first increase in land prices in Japan in fifteen years and by comments from the governor of the Bank of Japan that his nation’s […]



May 3, 2006

Aussie dollar gains, US dollar weaker

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Aussie dollar gains, US dollar weaker

An unexpected hike in interest rates by the Reserve Bank of Australia sent the Australian dollar in relation to the US dollar on Wednesday. The Bank raised the rate to 5.75 percent, a gain of 25 basis points and its highest level in six years, citing inflationary pressures, especially due to rising prices for […]



Aussie dollar gains, US dollar weaker

Story link: Aussie dollar gains, US dollar weaker


Aussie dollar gains, US dollar weaker

An unexpected hike in interest rates by the Reserve Bank of Australia sent the Australian dollar in relation to the US dollar on Wednesday. The Bank raised the rate to 5.75 percent, a gain of 25 basis points and its highest level in six years, citing inflationary pressures, especially due to rising prices for […]



May 2, 2006

Dollar weaker as euro, sterling strengthen

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Dollar weaker as euro, sterling strengthen

The US dollar was down on Tuesday after new economic data from the UK and the Eurozone provided boosts for the currencies of those nations.
In the UK the manufacturing purchasing managers’ index was up to 54.1 in April after being at 51 in March. The new figure is the highest level the index has […]



April 26, 2006

US dollar weaker despite data

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US dollar weaker despite data

Strong new economic data in the United States on Wednesday did not help the dollar in its slide against the euro. The dollar was weaker not only in relation to the shared currency, but versus the Japanese yen and sterling as well.
Among the new data reported on the day was a hike in durable […]



US dollar weaker despite data

Story link: US dollar weaker despite data


US dollar weaker despite data

Strong new economic data in the United States on Wednesday did not help the dollar in its slide against the euro. The dollar was weaker not only in relation to the shared currency, but versus the Japanese yen and sterling as well.
Among the new data reported on the day was a hike in durable […]



February 7, 2006

Yen up sharply, dollar steady

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Yen up sharply, dollar steady

The Japanese yen was up sharply on Tuesday as speculation rose that the Bank of Japan may be getting ready to tighten its monetary policy. The yen was up 0.8 percent in relation to the US dollar, to ¥118.03. It also rose 0.8 percent against the euro to ¥141.26, while it gained 1 […]



October 18, 2005

Asian currencies reach lows versus US dollar

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Asian currencies reach lows versus US dollar

Economic data out of the eurozone on Tuesday were euro-positive, but did not help the euro much in practical terms. September’s eurozone inflation rate was revised upward to 2.6 percent. Meanwhile, the ZEW business survey reported only a small increase in expectations, indicating that the German recovery is fragile.
In the UK, consumer prices […]



September 26, 2005

US dollar slightly stronger; Asian currencies lower

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US dollar slightly stronger; Asian currencies lower

The US dollar gained 0.1 percent to $1.2056 in relation to the euro on Monday, and it was also up 0.1 percent to ¥112.26 versus the yen.
The dollar’s strength was based on a sense of relief that the damage caused by Hurricane Rita was less than many had feared it would be, and especially that […]



August 31, 2005

US dollar weaker against euro, sterling; Asian currencies weaker on high oil prices

Story link: US dollar weaker against euro, sterling; Asian currencies weaker on high oil prices


US dollar weaker against euro, sterling; Asian currencies weaker on high oil prices

At midday in New York on Wednesday, the US dollar was down in relation to both the euro and sterling. This weakness was partly due to an unexpected decline in business confidence in the US. The Chicago Purchasing Manager’s index was down to 49.2 in August, well below the expected level of 61.5 […]



August 30, 2005

Asian currencies down in relation to US dollar; sterling lower

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Asian currencies down in relation to US dollar; sterling lower

Asian currencies were down in relation to the US dollar on Tuesday. The yen fell 0.8 percent against the greenback to ¥111.54, besides falling 0.6 percent to ¥136.06 in relation to the euro. The yen’s problems seemed to be stem from weak economic data. Unemployment in Japan was up to 4.4 percent […]



July 25, 2005

Chinese central bank prevents renminbi strength

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Chinese central bank prevents renminbi strength

The renminbi strengthened just a bit in relation to the dollar on Monday, rising to Rmb8.1097 to the dollar at the close of trade after going up to Rmb8.1089 during the day.
In after hours trading, however, it was back down to Rmb8.1115. This trend signaled that China does not intend to let […]



July 22, 2005

Asian currencies gain on revaluation

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Asian currencies gain on revaluation

After China’s revaluation of the renminbi to Rmb8.11 to the dollar on Thursday, the South Korean won gained 1.5 percent on the US dollar to Won 1,020, while the Taiwan dollar was up 1.3 percent to T$31.54 against the US dollar. Both those countries also moved to limit gains.
The yen, which was […]



July 14, 2005

USD strong gainst sterling while won continues in strength

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USD strong gainst sterling while won continues in strength

At midday in New York, the dollar was down in relation to the euro, but sterling was down in relation to the dollar.
In the US, new data showed that retail sales were up and inflation steady, leading some analysts to think that the Federal Reserve might pause in its moves in monetary tightening. […]



June 28, 2005

USD advances on interest rate expectations

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USD advances on interest rate expectations

The US dollar advanced in relation to the euro and sterling on Tuesday in anticipation of an expected rise in interest rates during the meeting of the US Federal Reserve, which began today.
The dollar advanced 0.7 percent to $1.2073 against the euro. It also gained 0.7 percent against sterling, to $1.8160. […]




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