Dollar bounces back on upbeat GDP data
Thu, 30 Nov 06 15:00 pm
The dollar recovered some of its recent losses against other major currencies yesterday, following a better than anticipated GDP report balancing poor housing statistics.
Euro hits 20-month dollar high
Wed, 29 Nov 06 15:00 pm
The euro rose to a 20-month high against the dollar yesterday as the US currency continued in the doldrums and EU policy-makers played down the euro's strength.
South Korean won hits nine-year high
Tue, 28 Nov 06 15:00 pm
The South Korean won rose to its highest point for nine years in foreign exchange trading on Monday as the dollar continued low on interest rate speculation.
Sterling on course for two-dollar exchange
Mon, 27 Nov 06 15:00 pm
Sterling gains that have driven it to near a two-year high against the dollar will be maintained for the immediate future, analysts have said.
Sterling tipped for more dollar gains
Thu, 23 Nov 06 15:00 pm
Sterling is tipped to head into a fifth day of advances against the dollar on expectations that the Bank of England (BoE) will continue to raise borrowing costs into 2007.
Dollar declines for second day
Wed, 22 Nov 06 15:00 pm
The dollar declined for a second consecutive day against major currencies on growing expectation that the Federal Reserve will lower interest rates next year to boost the economy.
Yen rises marginally from all-time euro low
Tue, 21 Nov 06 15:00 pm
The yen hovered near an all-time low against the euro early on Tuesday on expectations that the Bank of Japan will maintain a slow pace on interest rate rises.
Pound tipped to rise on house-price data
Mon, 20 Nov 06 15:00 pm
The pound has been tipped to rise this week on a report showing that house price inflation this month has risen by the fastest rate for two years.
Rand biggest gainer over month
Fri, 17 Nov 06 15:00 pm
The South African rand outperformed all other currencies in foreign exchange trading this month, extending gains to an 11-week run on US economic data.
China liberalises yuan trading
Thu, 16 Nov 06 15:00 pm
China has removed restrictions on foreign and national currency trading by overseas banks operating in the country, ahead of liberalisation of the banking sector next month.
Dollar slips on poor indicators
Wed, 15 Nov 06 15:00 pm
The dollar fell against other major currencies during foreign exchange trading on Tuesday, after reports showed that wholesale inflation and sales slipped in October.
Dollar gains marginally from last week's lows
Tue, 14 Nov 06 15:00 pm
The dollar gained marginally from its low point against most major currencies last week during Monday trading, with further signs suggesting central bank sell-offs.
Sterling tipped to fall v euro on inflation expectation
Mon, 13 Nov 06 15:00 pm
Sterling may decline further against the euro on expectations that the Bank of England may be able to bring inflation back under control with just one more rate rise next year.
Dollar at two-month euro low
Fri, 10 Nov 06 15:00 pm
The dollar fell to a two-month low against the euro in Thursday trading as the Chinese central bank announced plans to diversify its $1 trillion foreign exchange reserve.
Sterling up on interest rate expectations
Thu, 09 Nov 06 15:00 pm
The pound could gain for a second day on widespread expectations that the Bank of England's money policy committee will set a trend with an interest rate rise today.
Dollar stable as US ballots come in
Wed, 08 Nov 06 15:00 pm
The dollar held stable near a six-week foreign exchange low against the euro in early trading on Wednesday as investors waited for the outcome of US midterm elections.
China's foreign exchange reserves top $1 trillion
Tue, 07 Nov 06 15:00 pm
China's foreign exchange reserves have hit $1 trillion, state news sources said on Monday, citing an unnamed source at the country's foreign exchange regulator.
Unanimous UK rate rise prediction
Mon, 06 Nov 06 15:00 pm
A survey of 60 economists has shown that they unanimously believed that the Bank of England will raise interest rates to five per cent when it meets this week.
US dollar slips ahead of US employment data
Fri, 03 Nov 06 15:00 pm
The US dollar fell slightly on Thursday currency exchange trading against the euro, ahead of official data expected to show that job growth in the US accelerated during October.
AUS$"massively undervalued" and due to rise say analysts
Thu, 02 Nov 06 15:00 pm
The Australian dollar is "massively undervalued" and will surge nine per cent in the first quarter of 2007, analysts have said, following gains of 3.5 per cent over the past month.
IMF calls for tighter Chinese currency controls
Wed, 01 Nov 06 15:00 pm
The International Monetary Fund (IMF) has called on China to revise monetary policy to allow faster appreciation on the slowly-rising yuan.
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Markets are gearing up for an action-packed trading session, with key policy meetings of the BoE and...
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| US Dollars | 1.5846 |
| Euros | 1.1916 |
| Swiss Francs | 1.4432 |
| Australian Dollars | 1.4674 |
| South African Rand | 12.030 |
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