Dollar drops against yen after rally

Fri, 30 Mar 07 15:00 pm

The dollar weakened against the yen this morning after a Thursday rally saw the US currency gain strength in light of reported expectations of a high demand from Japanese companies for dollars, as well as recent US GDP data.

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Yen loses footing against major currencies

Thu, 29 Mar 07 15:00 pm

This morning marked the end of the yen's strengthening against both the dollar and the euro earlier this week, as it fell against the world's biggest currencies, Bloomberg reported.

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Euro strong against UK, US currencies

Wed, 28 Mar 07 15:00 pm

The euro strengthened against the pound yesterday after an early-week rally between the two currencies, while the dollar dropped against both the European currency and the yen.

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Inflationary pressure boosts sterling

Tue, 27 Mar 07 15:00 pm

Sterling is expected to gain as UK growth figures boost speculation that the Bank of England's hand will be forced on rising interest rates.

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Dollar up against the euro on housing data

Mon, 26 Mar 07 15:00 pm

Expectations that the US housing market may be showing signs of an upturn have seen the dollar trade at a one week high against the euro.

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Rate rise expectations boost pound against the euro

Fri, 23 Mar 07 14:00 pm

Expectations that the Bank of England will raise interest rates have seen the pound gain against the euro for the first time in four weeks and put it at a six week high against the US dollar.

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Dollar falls to near two year low against the euro

Thu, 22 Mar 07 14:00 pm

A move by the US Federal Reserve to drop its bias toward higher interest rates helped the dollar fall to a near two year low against the euro.

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Inflation data sees sterling rise against the dollar

Wed, 21 Mar 07 14:00 pm

Higher than expected inflation figures in the UK have fuelled speculation of a further interest rate rise boosting sterling to a three week high against the dollar.

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Dollar in relative decline against EU currencies says analyst

Tue, 20 Mar 07 14:00 pm

The dollar will fall to $2.00 against the pound and $1.35 against the euro within the next three months as the US rate advantage is eroded, a currency analyst has predicted.

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Brown prepares to bow out on 11th budget

Mon, 19 Mar 07 14:00 pm

Gordon Brown's 11th and presumably final budget as chancellor of the UK is set to be the biggest of this week's economic reports when it is delivered on Wednesday.

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Dollar at 2007 low versus euro

Fri, 16 Mar 07 14:00 pm

The dollar fell to its lowest point this year versus the euro yesterday ahead of an economic report expected to show that American consumer confidence has slipped.

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Pound falls as yen risks assessed

Thu, 15 Mar 07 14:00 pm

The pound fell two per cent versus the yen on Wednesday as carry trades which had underlined the UK currency's value continued to unwind.

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Yen gains on risk averse trading climate

Wed, 14 Mar 07 14:00 pm

As stock markets around the world fall the yen rose against the dollar as investors reduce holdings of higher-yielding assets bought with money borrowed in Japan.

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Subprime mortgage woes see dollar fall

Tue, 13 Mar 07 14:00 pm

Ongoing concerns over the state of the subprime mortgage lending market in the United States have seen the dollar fall against both the euro and the yen.

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Dollar up against the yen ahead of consumer data

Mon, 12 Mar 07 14:00 pm

The dollar was up against the yen this morning in Asian trade as Japanese GDP figures were revised up by 1.3 per cent for the fourth quarter of 2006.

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Euro slips following Trichet comments

Fri, 09 Mar 07 15:00 pm

The euro declined against the dollar yesterday as the European Central Bank (ECB) raised borrowing costs to a five-year high.

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Trading limited ahead of rate decisions

Thu, 08 Mar 07 15:00 pm

Foreign exchange trading remained muted during Wednesday as dealers waited for key rate decisions by both the European Central Bank (ECB) and Bank of England (BoE).

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Dollar recovers some Japanese losses

Wed, 07 Mar 07 15:00 pm

The dollar recovered some of its losses versus the yen on Tuesday as market jitters that had caused traders to drop dollar assets to avoid trading risks declined.

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Yen hits three-month dollar high

Tue, 06 Mar 07 15:00 pm

The yen peaked at a three-month dollar high yesterday as speculators continued to trim their portfolios to reflect renewed faith in the value of the Japanese currency.

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Bare week for indices following equities turbulence

Mon, 05 Mar 07 15:00 pm

Following a turbulent week on the international equities markets, economy-watchers are facing a barren week for indicators as the reporting season begins to wind down.

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Yen hits 14-week dollar high

Fri, 02 Mar 07 15:00 pm

The yen hit 14-week highs against the dollar yesterday as the carry trades that had depressed the Japanese currency's value continued to unwind.

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Yen strengthens as carry trades unravel

Thu, 01 Mar 07 15:00 pm

The yen gained against a broad basket of foreign currencies as the carry trades which have caused the currency to haemorrhage have unravelled, a Japanese report has found.

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