May 13, 2009

Pound weaker on Mervyn King comments

Story link: Pound weaker on Mervyn King comments

The pound was weaker Wednesday on the Bank of England’s expectation, voiced by Bank governor Mervyn King, that the UK’s economy will not begin to expand again until sometime next year.
Additionally, the Bank expects that inflation will fall to as low as 0.4 percent this year.
In late morning trade in New York, the pound traded […]

May 6, 2009

US jobs report raises risk appetite

Story link: US jobs report raises risk appetite

The US dollar was weaker in relation to the Australian dollar Wednesday after a private report said that the US lost fewer jobs last month than had been expected, making investors more confidence in seeking out risky trades for higher-yielding currencies.
ADP Employer Services said that the US dropped 491,000 jobs in April, over 150,000 fewer […]

April 30, 2009

Yen weaker on risk demand

Story link: Yen weaker on risk demand

The Japanese yen weakened after better than expected quarterly reports from many companies sent investors looking to buy higher-yielding currencies, as well as on sentiment that the swine flu outbreak won’t have much effect on the global economy.
At just past 11 a.m. in New York, the yen traded at ¥130.4679 to the euro, at […]

April 29, 2009

USD weaker on signs worst of recession is past

Story link: USD weaker on signs worst of recession is past

The yen and the US dollar both weakened Wednesday on the possibility that the global recession may have bottomed out.
Evidence pointing toward a slight easing of the recession came in the form of a report from the US Commerce Department showing that the US gross domestic product dropped at a 6.1 percent annualized rate in […]

April 27, 2009

Flu worries hurt peso

Story link: Flu worries hurt peso

The Mexican peso was hurt by the spreading swine flu outbreak there on concerns that the economy will be hurt by fewer tourists and less consumer spending as those concerned about contracting the disease stay home.
It is feared that reduced tourism will hurt the economy, which depends on tourist dollars as its third most […]

March 31, 2009

Yen weaker ahead of Tankan survey

Story link: Yen weaker ahead of Tankan survey

The Japanese yen was weaker Tuesday as equities markets recovered from Monday’s big declines, making investors a little more willing to seek out risky currency deals, often financed with the low-yielding yen.
Also hurting the yen’s value was anticipation of the Bank of Japan’s quarterly Tankan survey, which is expected to show that Japanese business confidence […]

March 26, 2009

Risk appetite hurts yen, Swiss franc

Story link: Risk appetite hurts yen, Swiss franc

The Japanese yen and the Swiss franc, both traditionally seen as safe haven currencies in times of economic and political trouble, were weaker Thursday on reduced demand as investors hoped that the worst of the global financial crisis is over and were willing to make riskier deals for higher-yielding currencies.
Additionally, the yen was hurt by […]

January 14, 2009

Euro weaker ahead of ECB rate meeting

Story link: Euro weaker ahead of ECB rate meeting

The US dollar and the Japanese yen both gained on the euro Wednesday as investors saw the two currencies as safe places to put their money ahead of the European Central Bank’s decision on interest rates, due Thursday.
Most bets are that the ECB will cut interest rates by half a percentage point at the meeting.
The […]

January 5, 2009

USD gains on stimulus speculation

Story link: USD gains on stimulus speculation

The US dollar gained on the euro, the yen and several other currencies on speculation that a stimulus package to be introduced by US President-elect Barack Obama will include tax cuts equaling up to 40 percent of the package and worth several hundred billion dollars.
In one version of the tax cuts being discussed, individuals would […]

October 28, 2008

Yen falls as equities see gains

Story link: Yen falls as equities see gains

The Japanese yen lost ground to the US dollar and the euro Tuesday after gains in equities markets on the chance that investors will be more enthusiastic about buying higher-yielding currencies.
In late morning trade in New York, the yen traded at ¥95.295 to the US dollar while it was at ¥118.9567 to the euro.
The […]

October 24, 2008

Yen at multi-year highs versus euro, USD

Story link: Yen at multi-year highs versus euro, USD

The yen hit a 13-year high versus the dollar and a six-year high in relation to the euro Friday as investors backed out of carry trades after big declines in global equities markets.
In late morning trade in New York the Japanese currency traded at ¥93.995 to the US dollar and at ¥119.4958 to the euro […]

October 22, 2008

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 […]

October 15, 2008

Yen gains on flight from risk

Story link: Yen gains on flight from risk

The yen strengthened Wednesday in relation to the US dollar, the euro, and other currencies on concerns that the US is now in a recession and that other economies around the globe will follow and after equities markets around the globe suffered further declines that left investors largely uninterested in entering into risky carry trades.
At […]

October 13, 2008

Euro, pound gain on pledges of help to banks

Story link: Euro, pound gain on pledges of help to banks

The euro saw gains Monday on promises by Eurozone officials to guarantee through the end of 2009 bank-debt issues with maturity dates up to five years and after G-7 leaders pledged to do everything necessary to fix credit markets after their meeting in Washington, D.C.
The pound also saw gains, with its jump in relation to […]

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 […]

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 […]

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 […]

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 […]

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 […]

May 13, 2008

Retail sales data helps dollar

Story link: Retail sales data helps dollar

The US dollar strengthened in relation to the euro and the yen on Tuesday on new retail sales data that showed sales excluding automobiles were up in April.
Without auto sales, retail sales in the US added 0.5 percent, more than had been expected.
Still, with auto sales included retail sales were down 0.2 percent in the […]


Daily World Currencies News from London		Friday 12th of March 2010
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	May 13, 2009 Pound weaker on Mervyn King comments Story link: Pound weaker on Mervyn King comments The pound was weaker Wednesday on the Bank of England’s expectation, voiced by Bank governor Mervyn King, that the UK’s economy will not begin to expand again until sometime next year. Additionally, the Bank expects that inflation will fall to as low as 0.4 percent this year. In late morning trade in New York, the pound traded […] May 6, 2009 US jobs report raises risk appetite Story link: US jobs report raises risk appetite The US dollar was weaker in relation to the Australian dollar Wednesday after a private report said that the US lost fewer jobs last month than had been expected, making investors more confidence in seeking out risky trades for higher-yielding currencies. ADP Employer Services said that the US dropped 491,000 jobs in April, over 150,000 fewer […] April 30, 2009 Yen weaker on risk demand Story link: Yen weaker on risk demand The Japanese yen weakened after better than expected quarterly reports from many companies sent investors looking to buy higher-yielding currencies, as well as on sentiment that the swine flu outbreak won’t have much effect on the global economy. At just past 11 a.m. in New York, the yen traded at ¥130.4679 to the euro, at […] April 29, 2009 USD weaker on signs worst of recession is past Story link: USD weaker on signs worst of recession is past The yen and the US dollar both weakened Wednesday on the possibility that the global recession may have bottomed out. Evidence pointing toward a slight easing of the recession came in the form of a report from the US Commerce Department showing that the US gross domestic product dropped at a 6.1 percent annualized rate in […] April 27, 2009 Flu worries hurt peso Story link: Flu worries hurt peso The Mexican peso was hurt by the spreading swine flu outbreak there on concerns that the economy will be hurt by fewer tourists and less consumer spending as those concerned about contracting the disease stay home. It is feared that reduced tourism will hurt the economy, which depends on tourist dollars as its third most […] March 31, 2009 Yen weaker ahead of Tankan survey Story link: Yen weaker ahead of Tankan survey The Japanese yen was weaker Tuesday as equities markets recovered from Monday’s big declines, making investors a little more willing to seek out risky currency deals, often financed with the low-yielding yen. Also hurting the yen’s value was anticipation of the Bank of Japan’s quarterly Tankan survey, which is expected to show that Japanese business confidence […] March 26, 2009 Risk appetite hurts yen, Swiss franc Story link: Risk appetite hurts yen, Swiss franc The Japanese yen and the Swiss franc, both traditionally seen as safe haven currencies in times of economic and political trouble, were weaker Thursday on reduced demand as investors hoped that the worst of the global financial crisis is over and were willing to make riskier deals for higher-yielding currencies. Additionally, the yen was hurt by […] January 14, 2009 Euro weaker ahead of ECB rate meeting Story link: Euro weaker ahead of ECB rate meeting The US dollar and the Japanese yen both gained on the euro Wednesday as investors saw the two currencies as safe places to put their money ahead of the European Central Bank’s decision on interest rates, due Thursday. Most bets are that the ECB will cut interest rates by half a percentage point at the meeting. The […] January 5, 2009 USD gains on stimulus speculation Story link: USD gains on stimulus speculation The US dollar gained on the euro, the yen and several other currencies on speculation that a stimulus package to be introduced by US President-elect Barack Obama will include tax cuts equaling up to 40 percent of the package and worth several hundred billion dollars. In one version of the tax cuts being discussed, individuals would […] October 28, 2008 Yen falls as equities see gains Story link: Yen falls as equities see gains The Japanese yen lost ground to the US dollar and the euro Tuesday after gains in equities markets on the chance that investors will be more enthusiastic about buying higher-yielding currencies. In late morning trade in New York, the yen traded at ¥95.295 to the US dollar while it was at ¥118.9567 to the euro. The […] October 24, 2008 Yen at multi-year highs versus euro, USD Story link: Yen at multi-year highs versus euro, USD The yen hit a 13-year high versus the dollar and a six-year high in relation to the euro Friday as investors backed out of carry trades after big declines in global equities markets. In late morning trade in New York the Japanese currency traded at ¥93.995 to the US dollar and at ¥119.4958 to the euro […] October 22, 2008 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 […] October 15, 2008 Yen gains on flight from risk Story link: Yen gains on flight from risk The yen strengthened Wednesday in relation to the US dollar, the euro, and other currencies on concerns that the US is now in a recession and that other economies around the globe will follow and after equities markets around the globe suffered further declines that left investors largely uninterested in entering into risky carry trades. At […] October 13, 2008 Euro, pound gain on pledges of help to banks Story link: Euro, pound gain on pledges of help to banks The euro saw gains Monday on promises by Eurozone officials to guarantee through the end of 2009 bank-debt issues with maturity dates up to five years and after G-7 leaders pledged to do everything necessary to fix credit markets after their meeting in Washington, D.C. The pound also saw gains, with its jump in relation to […] 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 […] 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 […] 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 […] 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 […] 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 […] May 13, 2008 Retail sales data helps dollar Story link: Retail sales data helps dollar The US dollar strengthened in relation to the euro and the yen on Tuesday on new retail sales data that showed sales excluding automobiles were up in April. Without auto sales, retail sales in the US added 0.5 percent, more than had been expected. Still, with auto sales included retail sales were down 0.2 percent in the […] Next Page »
Currency News © 2005-2008 Brite Media. All rights reserved \| About \| Disclaimer \| XML Feed \| Contact

Major Currencies:

Other Currencies: