Sterling heads for 12-month record euro losses
Wed, 28 Feb 07 15:00 pm
Sterling is headed for its largest one month falls against the euro for the last year amid expectations that euro-zone exchange rate rises will soon outpace the rate in the UK.
UK inflation to fall rapidly says BoE member
Tue, 27 Feb 07 15:00 pm
UK inflation will rapidly fall back to within its target rate of two per cent by as soon as late spring or summer, a Bank of England (BoE) policymaker has predicted.
Slow UK week leading to rate decision
Mon, 26 Feb 07 15:00 pm
The UK is facing a slow week for economic indicators while the business sector gears up for reporting season, but a series of key indicators will be released in the US.
Euro reaches record yen highs
Fri, 23 Feb 07 15:00 pm
The yen fell to a record low against the euro on Thursday following Bank of Japan comments that the pace of interest rate change would remain slow.
Yen-dollar range to widen 50% says analyst
Thu, 22 Feb 07 15:00 pm
The trading range between the dollar and the yen will expand by around 50 per cent over the course of 2007, an analyst at UBS AG has claimed.
BoJ votes for quarter point rise
Wed, 21 Feb 07 15:00 pm
The Bank of Japan has raised the base rate of interest a quarter point to 0.5 per cent saying that consumer spending and price stability had put growth on a steady footing.
Ascendant yen falls again on rate outlook
Tue, 20 Feb 07 15:00 pm
The ascendant yen proved short-lived yesterday as the Japanese currency fell against 16 top-traded currencies as politicians pressured policy makers to maintain ultra-low rates.
The week ahead
Mon, 19 Feb 07 15:00 pm
Following a packed schedule of economic indicators and company reports last week, the coming five days are expected to be quieter with US markets closed today.
Yen climbs as carry-trades unwind
Fri, 16 Feb 07 15:00 pm
The yen continued to climb against both the euro and dollar in foreign exchange trading on Thursday as carry-trades unwound on the back of positive Japanese economic figures.
Yen climbs on surprise growth
Thu, 15 Feb 07 15:00 pm
The yen climbed across the board yesterday after gross domestic product data for the fourth quarter of 2006 showed that the economy performed well above expectations.
Traders wait on Bernanke testimony
Wed, 14 Feb 07 15:00 pm
The dollar slipped against the euro and yen in Tuesday trading following disappointing trade data, but activity remained limited ahead of a major address on the US economy.
Yen dips to record euro low on G7 disagreement
Tue, 13 Feb 07 15:00 pm
The yen dipped to a new record low against the euro on Monday after policy makers at the G7 meeting failed to find a common stance on the weakness of the currency.
Sterling supported by market data expectations
Mon, 12 Feb 07 15:00 pm
UK inflation probably remains near a ten-year high and retail sales are likely to have gained for a third consecutive month, two reports due this week are expected to show.
Euro trading up on hawkish ECB comments
Fri, 09 Feb 07 15:00 pm
The euro gained against other currencies after the head of the European Central Bank (ECB) said that he would maintain "vigilance" on inflationary pressures.
Unions push for inflation-busting wage increases
Thu, 08 Feb 07 15:00 pm
Unions in the UK are defying the pleas of policy makers and pushing for wage settlements that would entrench inflation above its two per cent target rate.
Paulson confirms yen policy
Wed, 07 Feb 07 15:00 pm
US treasury secretary Henry Paulson has reiterated his position that the yen's value is being set by the markets and is not a cause of concern.
Dollar gains on service sector figures
Tue, 06 Feb 07 15:00 pm
The dollar gained against the pound and euro in Monday foreign exchange trading following a report showing that the economy service sector grew during January.
Sterling expected to rise, yen outlook revised
Mon, 05 Feb 07 15:00 pm
Sterling is expected to continue to rise versus the dollar this week ahead of a report expected to show that service growth remains near a ten year high.
Yen heads for first weekly dollar gain of 2007
Fri, 02 Feb 07 15:00 pm
The yen was on course for its first weekly dollar gains of 2007 in early foreign exchange trading on Friday after EU finance ministers said that the Japanese currency is too cheap.
Dollar falls as rates held
Thu, 01 Feb 07 15:00 pm
The dollar fell during early foreign exchange trading on Thursday after the US Federal Reserve said that it would hold rates and that inflationary pressures are easing.
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