Sterling rises on property strength

Tue, 31 Oct 06 15:00 pm

Sterling rose to a 15 month high against the euro on Monday following a series of strong property indicators.

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Yen to strengthen on sunny growth forecasts say analysts

Mon, 30 Oct 06 15:00 pm

The yen is due to strengthen this week on expectations that the Bank of Japan (BoJ) will raise growth forecasts, analysts have predicted.

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Sterling heads into second week of dollar gains

Fri, 27 Oct 06 14:00 pm

Sterling was heading towards a second consecutive week of gains on the dollar as continuing concerns about inflation boosted predictions of further rate rises.

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Thai baht hits six year dollar high

Thu, 26 Oct 06 14:00 pm

The Thai baht rose to a six-year high against the dollar in Wednesday trading, hitting 37.10 after rising from 37.23 when the market opened.

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Sterling predicted to rise on interest rate speculation

Wed, 25 Oct 06 14:00 pm

Sterling may gain against a basket of currencies say analysts, after the Bank of England's (BoE) chief economist warned that rate setters need to tread carefully to avoid inflation.

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London now handling third global forex trading says report

Tue, 24 Oct 06 14:00 pm

A third of the world's foreign exchange trading now takes place within London a new report has shown, an illustration of how tight a lock the UK has on the currency markets.

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Dollar up on predictions of rate stability

Mon, 23 Oct 06 14:00 pm

Expectations that the US Federal Reserve will maintain current rates when it meets this week continued to push the dollar upwards over the weekend.

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Dollar gains minimal following manufacturing data

Fri, 20 Oct 06 14:00 pm

The dollar rose against the yen through early trading on Friday but remained mired near recent low levels following data revealing an unexpected fall in US manufacturing.

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Rand firmer as emerging markets rally

Thu, 19 Oct 06 14:00 pm

The South African rand firmed against the dollar yesterday as traders moved into emerging currencies, trading at R7.55 to the dollar, up 18.9 cents on Monday.

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Yen rises on BOJ reports

Wed, 18 Oct 06 14:00 pm

The yen rose overnight on reports that the Bank of Japan (BOJ) is planning to increase its oversight of carry trades, which have been crucial to the currency's low dollar rate.

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Dollar stable following falls but expectations mixed

Tue, 17 Oct 06 14:00 pm

The dollar stabilised in early trading on Tuesday following falls on Monday as traders sought to cash in on the currency's gains over the past week.

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US dollar to gain over year end

Mon, 16 Oct 06 14:00 pm

The US dollar will strengthen over the final months of 2006 Morgan Stanley analysts have predicted, recommending currency exchange dealers gamble on gains.

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Sterling to fall against dollar and euro say analysts

Fri, 13 Oct 06 14:00 pm

Sterling is heading toward a fall against both the dollar and euro following early indications that UK growth is weakening.

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Fed issues inflation warning

Thu, 12 Oct 06 14:00 pm

The dollar rose against the euro yesterday following the release of Federal Reserve minutes showing that policy setters believe that inflation may continue at current rates.

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Emerging currencies tipped to fall

Wed, 11 Oct 06 14:00 pm

Emerging market currencies are tipped for a fall following the sell-offs of May and late September, analysts have said.

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Markets react to North Korea fallout

Tue, 10 Oct 06 14:00 pm

Fallout from North Korea's first nuclear test wiped out the dollar's eight-month high against the yen as the markets reacted to the news.

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No intervention on euro/yen predicts Deutsche Bank

Mon, 09 Oct 06 14:00 pm

Japanese and European officials will not seek to bolster the yen against the euro unless it trades below 150 against the euro for a sustained period, Deutsche Bank has predicted.

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ECB up rates, BoE holds firm

Fri, 06 Oct 06 14:00 pm

Yesterday the euro strengthened as the European Central Bank (ECB) increased interest rates to 3.25 per cent. In the UK, the Bank of England kept rates at 4.75 per cent.

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Markets await rate decision

Thu, 05 Oct 06 14:00 pm

Sterling held firm against the euro yesterday as the markets await the Bank of England's decision on interest rates.

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Dollar and sterling rise

Wed, 04 Oct 06 14:00 pm

The dollar rose yesterday as Federal Reserve officials highlighted the threat of inflation, while in the UK sterling rose on the back of good manufacturing data.

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Sterling makes gains on manufacturing

Tue, 03 Oct 06 14:00 pm

Sterling managed to make back some of last week's losses as a new survey revealed good manufacturing activity.

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Bank expected to keep rate untouched

Mon, 02 Oct 06 14:00 pm

The highlight this week will be the meeting of the Bank of England's monetary policy committee (MPC) to set UK lending rates, although a freeze is widely anticipated.

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Today's Currency News

Markets are gearing up for an action-packed trading session, with key policy meetings of the BoE and...

Currency Rates

US Dollars 1.5842
Euros 1.1908
Swiss Francs 1.4415
Australian Dollars 1.4657
South African Rand 12.009
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