US growth rebounds ahead of rate decision

Wed, 31 Jan 07 15:00 pm

US economic growth rebounded during the final three months of 2006, powered by resurgent consumer spending due to cheaper oil prices and rising wages.

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Low Japanese growth adds to low rate expectations

Tue, 30 Jan 07 15:00 pm

The yen remained near a four year low against the dollar during early foreign currency trading on Tuesday as sluggish consumption data downplayed rate rise expectations.

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Yen falls on slow consumer spending

Mon, 29 Jan 07 15:00 pm

A report revealing a drop in retail sales in Japan has caused the yen to fall to its lowest level against the US dollar in more than four years.

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Pound to continue dollar advance on growth

Fri, 26 Jan 07 15:00 pm

The pound is expected to continue its advance against the dollar next week following a series of reports showing the UK economy steaming ahead.

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Dollar claws back lost ground

Thu, 25 Jan 07 15:00 pm

The dollar clawed back some lost ground against sterling yesterday as foreign exchange markets continued to weigh the forward prospects of interest rates.

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Rate differentials bite on dollar/yen performance

Wed, 24 Jan 07 15:00 pm

The rate differentials dictating foreign exchange markets were starkly displayed yesterday as the yen fell to a record low on the euro and sterling hit a 14 year dollar high.

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Yen continues punishing ride

Tue, 23 Jan 07 15:00 pm

The yen continued at its recent lows in early foreign exchange trading on Tuesday, falling to an eight year low on the pound and remaining near a four-year low against the dollar.

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Pound tipped for gains on outlook

Mon, 22 Jan 07 15:00 pm

Sterling has been tipped for further gains after reports showed that house price growth has continued unabated and suggested economic expansion will be the fastest since 2004.

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Yen falls to new lows on unchanged interest rate

Fri, 19 Jan 07 15:00 pm

The yen fell to its lowest point in several years against other major currencies on Thursday after a Bank of Japan vote to leave the 0.25 per cent interest rate unchanged.

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EU currencies gain on dollar

Thu, 18 Jan 07 15:00 pm

The dollar slipped against the pound and euro yesterday following a report indicating that euro-zone inflation remained at the upper limits of its target rate during December.

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Yen at 13-month low on dollar as rate rise recedes

Wed, 17 Jan 07 15:00 pm

The yen slipped from previous lows to a 13-month slump against the dollar yesterday on media reports reversing previous predictions that the Bank of Japan was due to cut rates.

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Sino reserves top $1trn mark

Tue, 16 Jan 07 15:00 pm

China's foreign exchange reserves have officially passed the $1 trillion (£512.9 billion) mark, the country's central bank has announced.

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Sterling to continue rising

Mon, 15 Jan 07 15:00 pm

Sterling may continue to gain versus the dollar and euro ahead of official statistics expected to show that factory prices rose to a three month high in December.

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Pound soars as rate rise blindsides analysts

Fri, 12 Jan 07 15:00 pm

The pound soared yesterday after the Bank of England (BoE) took analysts by surprise with an announcement that it has increased interest rates to 5.25 per cent.

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Dollar gains on trade deficit data

Thu, 11 Jan 07 15:00 pm

The dollar rose to a three month high against the yen and a near two month high against the euro in Wednesday trading after the US trade deficit unexpectedly fell.

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Dollar near two-month yen high

Wed, 10 Jan 07 15:00 pm

The dollar rose to a near two-month high against the yen on Tuesday as analysts curbed expectations that the Bank of Japan will raise rates a quarter point this month.

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Dollar maintains gains on positive data

Tue, 09 Jan 07 15:00 pm

The dollar remained at a six-week high against other major currencies during foreign exchange trading on Monday as a series of economic data boosted the US outlook.

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Yen rising on rate speculation

Mon, 08 Jan 07 15:00 pm

The yen rose for a third day against the dollar yesterday as analysts speculated that the Bank of Japan (BoJ) will increase interest rates this month, curbing carry trading.

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Yen rebounds on rate speculation

Fri, 05 Jan 07 15:00 pm

The yen rose across the board in foreign exchange trading early on Friday, recovering from a ten-week low against the dollar, as analysts speculated on a possible rate rise.

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Dollar recovers as trading returns to normal

Thu, 04 Jan 07 15:00 pm

The dollar recovered some ground against other leading currencies on Wednesday as foreign exchange trading began to return to normal levels following the holiday season.

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Dollar falls against currency basket in slow trading

Wed, 03 Jan 07 15:00 pm

The dollar fell against 16 other major currencies amid sluggish trading on Tuesday as currency exchange markets got off to a slow start after the holiday season.

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Yen tipped for 2007 growth

Tue, 02 Jan 07 15:00 pm

The yen has been tipped to rise alongside Bank of Japan rates during 2007, some of the only banks to correctly predict last year's fall have predicted.

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