August 12, 2008

Pound declines on inflation, house prices

Story link: Pound declines on inflation, house prices

The pound was weaker Tuesday on new data showing that UK inflation was at 4.4 percent in July, higher than anticipated and more than twice the target set by the Bank of England, and after the Royal Institution of Chartered Surveyors reported that house prices were lower again in July.
RICS said that 83.9 percent more […]

August 8, 2008

Euro drops 3 percent versus USD this week

Story link: Euro drops 3 percent versus USD this week

The euro was on track to drop 3.1 percent versus the US dollar this week and it was down almost 2 percent on the session to $1.5042 to the shared currency on sentiment that the European Central Bank is not likely to raise Eurozone interest rates anytime soon.
The declines came after ECB president Jean-Claude Trichet […]

August 5, 2008

Greenback gains ahead of Fed decision

Story link: Greenback gains ahead of Fed decision

The US dollar was higher versus the euro and several other currencies Tuesday on predictions that while the Federal Reserve will leave interest rates unchanged in today’s meeting, it will also indicate that inflation is a threat and must be held back.
In addition, while the Institute for Supply Management’s non-manufacturing index remained below 50 […]

August 4, 2008

Pound weaker on construction data

Story link: Pound weaker on construction data

The pound weakened Monday after the Chartered Institute of Purchasing and Supply said its construction purchasing manager’s index fell to 36.7 in July from 38.8 in June, its lowest since reporting began in 1997, representing a bigger contraction than expected in the construction sector that comprises 6 percent of the UK economy.
A report that the […]

August 1, 2008

Jobs, manufacturing data help greenback

Story link: Jobs, manufacturing data help greenback

The US dollar strengthened after the Labor Department reported that the United States economy lost only 51,000 jobs in July, fewer than the 75,000 that had been expected to be lost and although the unemployment rate jumped to 5.7 percent, its highest level in over four years.
A separate report from the Institute for Supply Management […]

July 30, 2008

Jobs report helps greenback

Story link: Jobs report helps greenback

The US dollar strengthened again Wednesday after a private report showed that 9,000 new jobs were added in the United States in July, ahead of the official Labor Department report on jobs, which is due Friday.
The greenback was also helped by more declines in oil prices.
At around 11 a.m in New York, the dollar traded […]

July 29, 2008

USD strengthens on oil prices, consumer confidence

Story link: USD strengthens on oil prices, consumer confidence

The US dollar gained on the euro and the yen Tuesday as US consumer confidence grew and crude oil prices resumed their recent declines.
The Conference Board, an independent economic research organization, said its confidence index was up from 51 in June to 51.9 in July.
Meanwhile, the yen was hurt by gains in the unemployment rate […]

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 […]

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Daily World Currencies News from London		Monday 06th of October 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	August 12, 2008 Pound declines on inflation, house prices Story link: Pound declines on inflation, house prices The pound was weaker Tuesday on new data showing that UK inflation was at 4.4 percent in July, higher than anticipated and more than twice the target set by the Bank of England, and after the Royal Institution of Chartered Surveyors reported that house prices were lower again in July. RICS said that 83.9 percent more […] August 8, 2008 Euro drops 3 percent versus USD this week Story link: Euro drops 3 percent versus USD this week The euro was on track to drop 3.1 percent versus the US dollar this week and it was down almost 2 percent on the session to $1.5042 to the shared currency on sentiment that the European Central Bank is not likely to raise Eurozone interest rates anytime soon. The declines came after ECB president Jean-Claude Trichet […] August 5, 2008 Greenback gains ahead of Fed decision Story link: Greenback gains ahead of Fed decision The US dollar was higher versus the euro and several other currencies Tuesday on predictions that while the Federal Reserve will leave interest rates unchanged in today’s meeting, it will also indicate that inflation is a threat and must be held back. In addition, while the Institute for Supply Management’s non-manufacturing index remained below 50 […] August 4, 2008 Pound weaker on construction data Story link: Pound weaker on construction data The pound weakened Monday after the Chartered Institute of Purchasing and Supply said its construction purchasing manager’s index fell to 36.7 in July from 38.8 in June, its lowest since reporting began in 1997, representing a bigger contraction than expected in the construction sector that comprises 6 percent of the UK economy. A report that the […] August 1, 2008 Jobs, manufacturing data help greenback Story link: Jobs, manufacturing data help greenback The US dollar strengthened after the Labor Department reported that the United States economy lost only 51,000 jobs in July, fewer than the 75,000 that had been expected to be lost and although the unemployment rate jumped to 5.7 percent, its highest level in over four years. A separate report from the Institute for Supply Management […] July 30, 2008 Jobs report helps greenback Story link: Jobs report helps greenback The US dollar strengthened again Wednesday after a private report showed that 9,000 new jobs were added in the United States in July, ahead of the official Labor Department report on jobs, which is due Friday. The greenback was also helped by more declines in oil prices. At around 11 a.m in New York, the dollar traded […] July 29, 2008 USD strengthens on oil prices, consumer confidence Story link: USD strengthens on oil prices, consumer confidence The US dollar gained on the euro and the yen Tuesday as US consumer confidence grew and crude oil prices resumed their recent declines. The Conference Board, an independent economic research organization, said its confidence index was up from 51 in June to 51.9 in July. Meanwhile, the yen was hurt by gains in the unemployment rate […] 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 […] « Previous Page — Next Page »
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