Daily Forex News
 
Daily World Currencies News from London
Thursday 11th of March 2010
August 25, 2009

USD weaker versus yen, euro

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USD weaker versus yen, euro

The US dollar weakened in relation to the euro and the yen Tuesday as US consumer confidence was reported up in August and as home prices fell less quickly, reducing demand for the greenback as a safe investment.
The Conference Board reported that its consumer confidence index as at 54.1 in August, up from 47.4 in […]



August 14, 2009

Euro weaker on lower consumer prices

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Euro weaker on lower consumer prices

The euro was weaker versus the US dollar and the yen Friday on a report from the European office of statistics which showed that consumer prices in the European Union were down 0.7 percent from last year, while at the same time US consumer prices were unchanged in July from June but were down 2.1 […]



June 29, 2009

Yen weaker as risk appetite grows

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Yen weaker as risk appetite grows

The Japanese yen weakened Monday as investors’ risk appetite increased on a report from the European Commission that executive and consumer sentiment in the Eurozone was up to 73.3 in June, from 70.2 in May.
The yen was also hurt by a report from Japan’s Trade Ministry that retail sales there dropped 2.8 percent in May […]



May 26, 2009

Rand weaker on GDP decline

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Rand weaker on GDP decline

The South African rand weakened Tuesday after new data showed that the global recession has arrived in South Africa after the gross domestic product there dropped by 6.4 percent on an annualized basis in the first quarter of the yea r, much more than the 3.9 percent decline that had been anticipated.
There is speculation that […]



May 20, 2009

USD weaker on declining volatility

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USD weaker on declining volatility

The US dollar weakened Wednesday on the possibility that economic conditions will promote investor interest in higher-yield currencies.
Declines for the greenback came as volatility in equities and currencies markets declined, with volatility indexes in both Chicago and in Europe at their lowest levels in 8 months.
In afternoon trade in New York, the dollar traded at […]



May 18, 2009

Yen weakens on comments, debt-level ratings

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Yen weakens on comments, debt-level ratings

The Japanese yen weakened Monday on comments from Japan’s Vice Finance Minister that “excessive” moves by the currency could be bad for the nation’s economy and on a move by Moody’s Investors service to set both Japan’s local and foreign-currency debt levels at Aa2.
At just past 11 a.m. in New York, the yen traded at […]



May 15, 2009

Euro weakens on economic contraction

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Euro weakens on economic contraction

The euro weakened in relation to the US dollar and the yen after the European Union’s office of statistics released new data showing that the Eurozone’s gross domestic product fell by 2.5 percent in the first quarter, more of a decline than had been expected after the economy contracted by 1.6 percent in the fourth […]



May 1, 2009

Yen, USD weaker, pound gains on manufacturing data

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Yen, USD weaker, pound gains on manufacturing data

The Japanese yen and the US dollar both weakened Friday as investors continued to purchase higher-yielding currencies as new reports indicated that the global economy might be beginning to recover from the recession.
The Chinese Federation of Logistics and Purchasing reported that its Purchasing Manager’s Index was up to 53.5 in April, from 52.4 in March, […]



April 27, 2009

Flu worries hurt peso

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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 […]



April 9, 2009

Yen weakens as equities gain

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Yen weakens as equities gain

The Japanese yen weakened Thursday as equities markets made gains, encouraging investors to pursue risky currencies trades, many of which are financed by the low-yielding yen.
In late morning trade in New York the yen traded at ¥132.4119 to the euro, at ¥100.355 to the US dollar, at ¥15.0838 to the Norwegian krone, at ¥71.76 to […]



April 6, 2009

Yen declines on hopes for economy

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Yen declines on hopes for economy

The yen was lower Monday as improved sentiment on hopes that the worst of the economic crisis could be over sent investors looking for more risk, although by late morning trade in New York, the Japanese currency had gained back some of its earlier losses.
At around 11:30 a.m. in New York, the yen traded at […]



March 26, 2009

Risk appetite hurts yen, Swiss franc

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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 […]



March 10, 2009

Pound weaker on home sales, manufacturing reports

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Pound weaker on home sales, manufacturing reports

The pound weakened against most currencies Tuesday on more bad economic news for the UK.
The Royal Institution of Chartered Surveyors reported that the average number of transactions per estate agent fell to 9.5 in the three months ending in February, the worst in the thirty years since records have been kept.
In addition, a separate report […]



February 11, 2009

Yen gains as investors avoid risk

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Yen gains as investors avoid risk

The Japanese yen gained on the US dollar Wednesday on doubts about the newly announced plans from the US government to bail out US banks after few details were disclosed in the announcement on Tuesday.
Fewer investors are willing to make risky currency investments after equities markets declined on Tuesday after the unveiling of the […]



January 30, 2009

Slowing inflation hurts euro

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Slowing inflation hurts euro

The US dollar and the Japanese yen both made gains against the euro on Friday after the shared currency was hurt by new data on inflation and unemployment.
Eurozone inflation was up just 1.1 percent in January, while the unemployment rate in the region rose to 8 percent, its highest in more than two years.
Gains for […]



November 20, 2008

Yen gains on US jobs data

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Yen gains on US jobs data

The yen gained on the US dollar and the euro after the US Labor Department reported that initial jobless claims were up last week.
New claims for unemployment checks were at 542,000 last week, many more than expected and the most in a week in 16 years.
Meanwhile, the yen also gained on the Australian dollar and […]



November 12, 2008

Yen stronger as US bailout plans change

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Yen stronger as US bailout plans change

The Japanese yen gained on the euro and other currencies Wednesday on a mid-course change in US bailout plans, as announced by US Treasury Secretary Henry Paulson.
The Treasury is abandoning plans to use the $700 billion in bailout money approved by Congress to buy up bad assets and instead will use the money to buy […]



November 11, 2008

Yen see gains

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Yen see gains

The Japanese yen gained in relation to a number of currencies Tuesday after the euphoria over China’s announced stimulus package receded, sending equities markets lower and scaring investors away from risky currency trades.
The gains also came ahead of a meeting of the G20 nations - Australia, Argentina, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, […]



November 10, 2008

Yen weakens on China stimulus package

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Yen weakens on China stimulus package

The yen weakened Monday on a return to interest in carry trades after China announced a stimulus package worth 4 trillion yuan ($586 billion) over the next two years, much of which will be spent on infrastructure improvements in China.
By later in the New York session, however, the yen had made back some of its […]



October 28, 2008

Yen falls as equities see gains

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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 […]




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