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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Today's Currency News

The Pound has begun to drop against both the Euro and the US Dollar following surprisingly poor data...

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