Banks dominate week ahead

Mon, 31 Jul 06 15:00 pm

Banks are set to dominate the week ahead, with the Bank of England and the European Central Bank (ECB) making their monthly decisions on interest rates - which could up sterling and the euro - and a number of banks releasing interim figures.

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Pressure mounts on China to allow yuan to appreciate

Fri, 28 Jul 06 15:00 pm

Calls for China to allow its currency to appreciate against the dollar have seen the yen rise against the dollar and the euro.

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Euro gains as German consumer confidence rises

Thu, 27 Jul 06 15:00 pm

The euro was slightly up against other major currencies this morning as a German economic report showed that consumer confidence was increasing slightly.

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Dollar rises amid Fed rate hike hopes

Wed, 26 Jul 06 15:00 pm

The dollar rallied last night as US consumer sentiment increased and sales of existing homes performed better than expected.

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Dollar falls as China indicates diversification

Tue, 25 Jul 06 15:00 pm

The dollar fell this morning as concerns were raised by China's statistical office that the company should diversify its foreign exchange reserves.

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Middle East conflict 'still shaping economies'

Mon, 24 Jul 06 15:00 pm

All eyes will be on the Middle East this week as mounting conflict is expected to shape its markets as well as those of countries involved, including the US and the UK.

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Dollar continues to fall on Bernanke's comments

Fri, 21 Jul 06 15:00 pm

The dollar maintained its slide against the euro and yen this morning as the markets continued to react to the comments of Federal Reserve chairman Ben Bernanke.

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Dollar down as traders see end to rate cycle

Thu, 20 Jul 06 15:00 pm

The dollar has fallen against European currencies and the yen for a second day after US Federal Reserve chairman Ben Bernanke played down inflation fears and hint ed at ending the two year run of interest rate increases.

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Forex markets await Bernanke testimony

Wed, 19 Jul 06 15:00 pm

The dollar is up against both the euro and yen this morning as currency traders await a testimony from Federal Reserve chairman Ben Bernanke.

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Yen strengthens on Chinese trade

Tue, 18 Jul 06 15:00 pm

The yen regained some value as it recovered from a three month low against the dollar on Tuesday spurred by economic growth in China that has increased demand for Japanese goods.

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Today's Currency News

Despite very strong news on the growing UK export market, the week is starting with a downwards...

Currency Rates

US Dollars 1.5380
Euros 1.2011
Swiss Francs 1.5539
Australian Dollars 1.6816
South African Rand 11.132
GBP indicative mid-market rate at 05:45. Please call for quote.