Currency News
Do you need to know what’s going on in the currency markets on a daily basis? If you’re looking for the latest news stories about the yen, the US dollar, the Euro and many more besides, then make sure you visit this page every day to find out the latest. We get straight to the heart of the matter by focusing in on the most important points - making it a quick and easy way to find out what’s happening in the world of currency. You’ll find the latest news item below; along with all the previous stories we’ve covered.
US Dollar Strengthens Due to Unemployment News
June US unemployment figures are higher than anticipated leading to a strengthening of the US dollar against most global currencies. Sweden cuts its interest rate in a surprise move. The Swiss franc fell as the central bank makes it clear it will intervene if necessary to prevent franc appreciation.
Currency Markets Moving on Economic Indicators
The Japanese yen fell as investors seek profits in higher yielding assets. The Israel shekel strengthened on signs the country’s economy will recover from the recession quickly. The Brazil real rose after reports indicated the country had a June trade surplus.
Yen Falls as Recession Continues to Ease
The Japanese yen fell against most major global currencies as the recession continues to ease. The IMF is holding its first bond sale to raise funds other than through contributions. The Polish zloty strengthens against the euro on the news the government obtained a World Bank loan.
Mixed Currency Results Reflect Mixed Economic News
Investors turned to higher yielding assets leading to a fall in the yen. The US dollar weakened against the euro. The Swiss franc continued to fall against the euro and US dollar.
Euro Strengthens as Consumer Confidence Rises
Japan's industrial production rose for the third month in a row. The US dollar weakened against the yen. The euro is poised to strengthen this week against the US dollar as consumer confidence rises.
China Insists IMF Consider New Reserve Currency
China continues to push IMF for new world reserve currency. The Brazil real strengthens in reponse to investor interest in largest IPO ever offered. The Swiss france continues to weaken against the euro.
UK Pound Strengthens As Economy Shows Promise of Stability
Swiss government currency market intervention is suspected leading to a weakening of the franc. The UK pound strengthened against the euro, yen, and Swiss france. The US dollar strengthened against the yen.
US Dollar Weakens As Commodity Prices Rise
The US dollar weakened against the euro as analysts become convinced US interest rates will remain at zero for the rest of year. The UK pound fell against the euro. Brazil's real and Canada's dollar rose with an increase in commodity prices.
World Bank Economic Prediction Affects Currencies
The World Bank projects a 2.9 percent global economic contraction in 2009 leading to the yen and US dollar strengthening against most currencies. The Norwegian krone weakened signficantly against the yen and US dollar. Investors were cross selling the real against the peso.
Yen Strengthens as Investors Watch Iran
The yen strengthened against the euro and US dollar. Germany’s business confidence index rose. Mexico cut its interest rate to 4.75 percent.
