July 14, 2008

USD up on government help for Fannie, Freddie

Story link: USD up on government help for Fannie, Freddie

The US dollar gained ground on the euro Monday after the Federal Reserve gave troubled mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) permission to borrow directly from the New York Fed and after US Treasury Secretary Henry Paulson asked Congress to grant the Treasury its consent to buy stakes in both […]

July 10, 2008

USD gains on pound, weakens versus euro

Story link: USD gains on pound, weakens versus euro

The US dollar weakened in relation to the euro on Thursday after seeing earlier gains against the shared currency on data showing that industrial production was down in both France and Italy in May.
The declines for the greenback came on fears of more losses in the financial sector on mixed signals about the health of […]

July 9, 2008

Dollar declines after Iran missile test

Story link: Dollar declines after Iran missile test

The US dollar weakened Wednesday after oil prices rose in the wake of reports that Iran has tested a missile said to be capable of reaching Israel and after new data showed that US oil inventories declined last week.
The test, which took place during war games at the mouth of the strategic Strait of […]

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 […]

July 2, 2008

Jobs data hurts USD

Story link: Jobs data hurts USD

The US dollar saw declines after a private report showed more job losses in the US in June.
A private report from ADP Employer Services said that there were 79,000 fewer jobs in the US last month, a day ahead of the Labor Department’s employment report for the month.
The greenback was also hurt by predictions that […]

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 23, 2008

Pound weaker after house price report

Story link: Pound weaker after house price report

The pound weakened in relation to the US dollar and the euro on Monday in the wake of a report from online property search company Rightmove (LSE: RMV) that the average price for a home dropped 1.2 percent in May across the UK and was down 1.4 percent in London.
The news made it less […]

June 17, 2008

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 […]

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 23, 2008

Existing home sales hurt US dollar

Story link: Existing home sales hurt US dollar

The US dollar weakened versus the euro, the yen, and the Swiss franc on Friday, hurt by continuing troubles in the housing market and by gains in oil prices.
The National Association of Realtors reported that sales of previously existing homes fell 1 percent in April, leaving inventories at a 23-year high.
At around noon in New […]

May 16, 2008

Consumer confidence, oil prices hit dollar

Story link: Consumer confidence, oil prices hit dollar

The US dollar was weaker versus the euro and the yen on Friday on a decline in US consumer confidence and another spike in crude oil prices.
The Reuters/University of Michigan survey on consumer confidence was at 59.5 in May, down from 62.6 in April, the lowest it has been in nearly 28 years.
Meanwhile, crude oil […]

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 […]

May 12, 2008

US dollar gains on yen

Story link: US dollar gains on yen

The US dollar was higher versus the yen on sentiment that the Federal Reserve will not cut interest rates at its next meeting, but the greenback lost ground to the euro at just past noon in New York.
It cost ¥103.66 to buy a dollar, while the euro traded at ¥160.68, also gaining on the Japanese […]

May 9, 2008

Yen, Swiss franc gain on risk aversion

Story link: Yen, Swiss franc gain on risk aversion

The yen strengthened Friday on declines in demand for carry trades as equities markets declined on new worries about losses related to the credit crisis.
At around 11:30 a.m. in New York the yen traded at ¥159.2379 to the euro and at ¥103.0900 to the US dollar.
Investor reluctance to enter into risky trades for high-yielding currencies […]

May 2, 2008

Jobs data helps US dollar

Story link: Jobs data helps US dollar

The US dollar gained on the euro again on Friday to bring this week’s advance against the shared currency to around 1.5 percent.
The greenback was helped by new data from the US Labor Department that showed only 20,000 jobs were lost in the US in April, many fewer than had been anticipated.
The dollar also gained […]

April 30, 2008

USD gains on euro in April

Story link: USD gains on euro in April

The US dollar gained slightly on the euro Wednesday morning in New York, putting it on track to its first monthly gain versus the euro this year.
The greenback was helped by the possibility that an expected rate cut from the Federal Reserve today will be the last cut for the time being.
At just past 11 […]

April 18, 2008

Carry trades weaken yen

Story link: Carry trades weaken yen

Optimism that the credit crisis is easing drove much of the movement in currencies markets on Friday as investors felt comfortable about re-entering risky carry trades, in which purchases of high-yielding currencies are funded by loans in lower-yielding currencies.
The yen, one of the most popular currencies for funding carry trades due to Japan’s 0.5 percent […]

April 14, 2008

Dollar weakens; pound up on producer prices

Story link: Dollar weakens; pound up on producer prices

The US dollar was weaker versus the euro after earlier gains Monday while the pound saw gains on a report of higher producer prices in the UK.
The dollars declines came after a G-7 report that warned that fluctuations in exchange rates could hurt the global economy but did not mention any initiatives to support the […]

April 11, 2008

Euro supported by rate comments

Story link: Euro supported by rate comments

The euro gained on the US dollar and the pound on Friday after an official of the European Central Bank assured that interest rates would not drop in the Eurozone in comments ahead of a meeting to G7 finance ministers and central bankers in Washington, D. C.
In late morning trade in New York, the euro […]

April 9, 2008

Consumer confidence report hurts pound

Story link: Consumer confidence report hurts pound

The pound weakened versus the euro on Wednesday after a consumer report issued by the Nationwide Building Society reported UK consumer confidence to be at its lowest ebb since May 2004.
At just past 11:30 a.m. in New York the pound traded at 80.05p to the euro, at 50.63p to the US dollar, and at 50.54p […]


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 14, 2008 USD up on government help for Fannie, Freddie Story link: USD up on government help for Fannie, Freddie The US dollar gained ground on the euro Monday after the Federal Reserve gave troubled mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) permission to borrow directly from the New York Fed and after US Treasury Secretary Henry Paulson asked Congress to grant the Treasury its consent to buy stakes in both […] July 10, 2008 USD gains on pound, weakens versus euro Story link: USD gains on pound, weakens versus euro The US dollar weakened in relation to the euro on Thursday after seeing earlier gains against the shared currency on data showing that industrial production was down in both France and Italy in May. The declines for the greenback came on fears of more losses in the financial sector on mixed signals about the health of […] July 9, 2008 Dollar declines after Iran missile test Story link: Dollar declines after Iran missile test The US dollar weakened Wednesday after oil prices rose in the wake of reports that Iran has tested a missile said to be capable of reaching Israel and after new data showed that US oil inventories declined last week. The test, which took place during war games at the mouth of the strategic Strait of […] 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 […] July 2, 2008 Jobs data hurts USD Story link: Jobs data hurts USD The US dollar saw declines after a private report showed more job losses in the US in June. A private report from ADP Employer Services said that there were 79,000 fewer jobs in the US last month, a day ahead of the Labor Department’s employment report for the month. The greenback was also hurt by predictions that […] 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 23, 2008 Pound weaker after house price report Story link: Pound weaker after house price report The pound weakened in relation to the US dollar and the euro on Monday in the wake of a report from online property search company Rightmove (LSE: RMV) that the average price for a home dropped 1.2 percent in May across the UK and was down 1.4 percent in London. The news made it less […] June 17, 2008 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 […] 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 23, 2008 Existing home sales hurt US dollar Story link: Existing home sales hurt US dollar The US dollar weakened versus the euro, the yen, and the Swiss franc on Friday, hurt by continuing troubles in the housing market and by gains in oil prices. The National Association of Realtors reported that sales of previously existing homes fell 1 percent in April, leaving inventories at a 23-year high. At around noon in New […] May 16, 2008 Consumer confidence, oil prices hit dollar Story link: Consumer confidence, oil prices hit dollar The US dollar was weaker versus the euro and the yen on Friday on a decline in US consumer confidence and another spike in crude oil prices. The Reuters/University of Michigan survey on consumer confidence was at 59.5 in May, down from 62.6 in April, the lowest it has been in nearly 28 years. Meanwhile, crude oil […] 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 […] May 12, 2008 US dollar gains on yen Story link: US dollar gains on yen The US dollar was higher versus the yen on sentiment that the Federal Reserve will not cut interest rates at its next meeting, but the greenback lost ground to the euro at just past noon in New York. It cost ¥103.66 to buy a dollar, while the euro traded at ¥160.68, also gaining on the Japanese […] May 9, 2008 Yen, Swiss franc gain on risk aversion Story link: Yen, Swiss franc gain on risk aversion The yen strengthened Friday on declines in demand for carry trades as equities markets declined on new worries about losses related to the credit crisis. At around 11:30 a.m. in New York the yen traded at ¥159.2379 to the euro and at ¥103.0900 to the US dollar. Investor reluctance to enter into risky trades for high-yielding currencies […] May 2, 2008 Jobs data helps US dollar Story link: Jobs data helps US dollar The US dollar gained on the euro again on Friday to bring this week’s advance against the shared currency to around 1.5 percent. The greenback was helped by new data from the US Labor Department that showed only 20,000 jobs were lost in the US in April, many fewer than had been anticipated. The dollar also gained […] April 30, 2008 USD gains on euro in April Story link: USD gains on euro in April The US dollar gained slightly on the euro Wednesday morning in New York, putting it on track to its first monthly gain versus the euro this year. The greenback was helped by the possibility that an expected rate cut from the Federal Reserve today will be the last cut for the time being. At just past 11 […] April 18, 2008 Carry trades weaken yen Story link: Carry trades weaken yen Optimism that the credit crisis is easing drove much of the movement in currencies markets on Friday as investors felt comfortable about re-entering risky carry trades, in which purchases of high-yielding currencies are funded by loans in lower-yielding currencies. The yen, one of the most popular currencies for funding carry trades due to Japan’s 0.5 percent […] April 14, 2008 Dollar weakens; pound up on producer prices Story link: Dollar weakens; pound up on producer prices The US dollar was weaker versus the euro after earlier gains Monday while the pound saw gains on a report of higher producer prices in the UK. The dollars declines came after a G-7 report that warned that fluctuations in exchange rates could hurt the global economy but did not mention any initiatives to support the […] April 11, 2008 Euro supported by rate comments Story link: Euro supported by rate comments The euro gained on the US dollar and the pound on Friday after an official of the European Central Bank assured that interest rates would not drop in the Eurozone in comments ahead of a meeting to G7 finance ministers and central bankers in Washington, D. C. In late morning trade in New York, the euro […] April 9, 2008 Consumer confidence report hurts pound Story link: Consumer confidence report hurts pound The pound weakened versus the euro on Wednesday after a consumer report issued by the Nationwide Building Society reported UK consumer confidence to be at its lowest ebb since May 2004. At just past 11:30 a.m. in New York the pound traded at 80.05p to the euro, at 50.63p to the US dollar, and at 50.54p […] Next Page »
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