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 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 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 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 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 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 19, 2008

Pound stronger on retail sales

Story link: Pound stronger on retail sales

The pound strengthened Thursday on a report from the Office for National Statistics which revealed that UK retail sales were up 3.5 percent in May against an expected decline.
The UK currency was also helped by comments from Bank of England Governor Mervyn King yesterday that the Bank of England’s Monetary Policy Committee will do whatever […]

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 16, 2008

USD hurt by New York manufacturing data

Story link: USD hurt by New York manufacturing data

The US dollar was hurt Monday by the news that the New York Federal Reserve’s general economic index, which tracks manufacturing activity in the region, fell to minus 8.7 in June, with any reading lower than zero showing contraction, after being at minus 3.2 in May.
The greenback was down versus the euro but had risen […]

May 29, 2008

Dollar strengthens on economic growth

Story link: Dollar strengthens on economic growth

The US dollar strengthened Thursday after the Commerce Department reported that the US economy grew at an annual pace of 0.9 percent in the first quarter of the year, better than the earlier estimate of 0.6 percent growth.
At just past noon in New York, the dollar traded at $1.5508 to the euro while it took […]

May 28, 2008

Yen weakens on carry trades

Story link: Yen weakens on carry trades

The yen weakened in relation to the dollar, the euro and the Australian and New Zealand dollars on Wednesday, falling with declines in oil prices which made more investors comfortable with pursuing risky carry trades but tempering declines as the drop in oil prices slowed.
The greenback, meanwhile, was helped by a new report on durable […]

May 27, 2008

Yen weakens on gains in US equities

Story link: Yen weakens on gains in US equities

The yen declined versus several major currencies as a rise in US equities sent investors in search of more risky investments.
The US dollar, meanwhile, was helped by a Commerce Department report showing that new home sales in the US rose by 3.3 percent in April, led by a significant increase in sales in the Northeast […]

May 26, 2008

USD weaker versus euro, Australia and New Zealand dollars

Story link: USD weaker versus euro, Australia and New Zealand dollars

The US dollar declined on Monday in relation to the euro and the Australia and New Zealand dollars as markets in the US observed the Memorial Day holiday.
The greenback was hurt by anticipation of a report due Tuesday that is expected to show that home prices in 20 US metropolitan areas were down 14.2 percent […]

May 22, 2008

USD stronger on rate speculation, house prices

Story link: USD stronger on rate speculation, house prices

The US dollar strengthened versus the euro and the yen on Thursday on sentiment that the Federal Reserve will raise US interest rates before the end of the year after the minutes of the most recent meeting of the Fed, released yesterday, showed that the decision to cut rates at that meeting was a close […]

May 19, 2008

Conference Board index helps USD

Story link: Conference Board index helps USD

The US dollar strengthened in relation to the euro and the yen Monday, overcoming earlier weakness stemming from worries about US consumer confidence.
Gains for the greenback came on strength in global equities markets and on a gain in leading US economic indicators after the Conference Board’s index of leading indicators added 0.1 percent in April […]

May 15, 2008

Dollar declines versus yen

Story link: Dollar declines versus yen

The US dollar was weaker versus the yen and about the same versus the euro on Thursday on bad news about US manufacturing.
April production by factories, mines and utilities dropped by 0.7 percent in April while the New York Federal Reserve’s general economic index, which indicates manufacturing in that region, was at minus 3.2 in […]

May 8, 2008

Euro, pound gain on greenback

Story link: Euro, pound gain on greenback

The euro and the pound both gained on the US dollar Thursday after the European Central Bank and the Bank of England each decided to keep interest rates on hold for the time being.
In the case of the ECB, rates were held at 4 percent, where they have been for nearly a year, while the […]

May 6, 2008

Dollar weaker versus euro, yen

Story link: Dollar weaker versus euro, yen

The US dollar weakened versus the yen and the euro after mortgage company Fannie Mae (NYSE: FNM) announced that it lost $2.19 billion in the first quarter and said that it expects losses next year to top this year’s.
The company also said it will slash its dividend, the second such announcement since December, and that […]


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 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 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 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 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 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 19, 2008 Pound stronger on retail sales Story link: Pound stronger on retail sales The pound strengthened Thursday on a report from the Office for National Statistics which revealed that UK retail sales were up 3.5 percent in May against an expected decline. The UK currency was also helped by comments from Bank of England Governor Mervyn King yesterday that the Bank of England’s Monetary Policy Committee will do whatever […] 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 16, 2008 USD hurt by New York manufacturing data Story link: USD hurt by New York manufacturing data The US dollar was hurt Monday by the news that the New York Federal Reserve’s general economic index, which tracks manufacturing activity in the region, fell to minus 8.7 in June, with any reading lower than zero showing contraction, after being at minus 3.2 in May. The greenback was down versus the euro but had risen […] May 29, 2008 Dollar strengthens on economic growth Story link: Dollar strengthens on economic growth The US dollar strengthened Thursday after the Commerce Department reported that the US economy grew at an annual pace of 0.9 percent in the first quarter of the year, better than the earlier estimate of 0.6 percent growth. At just past noon in New York, the dollar traded at $1.5508 to the euro while it took […] May 28, 2008 Yen weakens on carry trades Story link: Yen weakens on carry trades The yen weakened in relation to the dollar, the euro and the Australian and New Zealand dollars on Wednesday, falling with declines in oil prices which made more investors comfortable with pursuing risky carry trades but tempering declines as the drop in oil prices slowed. The greenback, meanwhile, was helped by a new report on durable […] May 27, 2008 Yen weakens on gains in US equities Story link: Yen weakens on gains in US equities The yen declined versus several major currencies as a rise in US equities sent investors in search of more risky investments. The US dollar, meanwhile, was helped by a Commerce Department report showing that new home sales in the US rose by 3.3 percent in April, led by a significant increase in sales in the Northeast […] May 26, 2008 USD weaker versus euro, Australia and New Zealand dollars Story link: USD weaker versus euro, Australia and New Zealand dollars The US dollar declined on Monday in relation to the euro and the Australia and New Zealand dollars as markets in the US observed the Memorial Day holiday. The greenback was hurt by anticipation of a report due Tuesday that is expected to show that home prices in 20 US metropolitan areas were down 14.2 percent […] May 22, 2008 USD stronger on rate speculation, house prices Story link: USD stronger on rate speculation, house prices The US dollar strengthened versus the euro and the yen on Thursday on sentiment that the Federal Reserve will raise US interest rates before the end of the year after the minutes of the most recent meeting of the Fed, released yesterday, showed that the decision to cut rates at that meeting was a close […] May 19, 2008 Conference Board index helps USD Story link: Conference Board index helps USD The US dollar strengthened in relation to the euro and the yen Monday, overcoming earlier weakness stemming from worries about US consumer confidence. Gains for the greenback came on strength in global equities markets and on a gain in leading US economic indicators after the Conference Board’s index of leading indicators added 0.1 percent in April […] May 15, 2008 Dollar declines versus yen Story link: Dollar declines versus yen The US dollar was weaker versus the yen and about the same versus the euro on Thursday on bad news about US manufacturing. April production by factories, mines and utilities dropped by 0.7 percent in April while the New York Federal Reserve’s general economic index, which indicates manufacturing in that region, was at minus 3.2 in […] May 8, 2008 Euro, pound gain on greenback Story link: Euro, pound gain on greenback The euro and the pound both gained on the US dollar Thursday after the European Central Bank and the Bank of England each decided to keep interest rates on hold for the time being. In the case of the ECB, rates were held at 4 percent, where they have been for nearly a year, while the […] May 6, 2008 Dollar weaker versus euro, yen Story link: Dollar weaker versus euro, yen The US dollar weakened versus the yen and the euro after mortgage company Fannie Mae (NYSE: FNM) announced that it lost $2.19 billion in the first quarter and said that it expects losses next year to top this year’s. The company also said it will slash its dividend, the second such announcement since December, and that […] Next Page »
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