The pound weakened Tuesday after the Mervyn King, the governor of the Bank of England, said that inflation in the UK will peak soon and then slow down in 2009.
The remarks, which came in a letter to the Chancellor of the Exchequer explaining why the rate of inflation has exceeded government targets by more than […]

The US dollar weakened Friday as both retail sales and producer prices declined more than expected in August.
The Commerce Department reported that retail sales were 0.3 percent lower in August, while the Labor Department said that producer prices fell 0.9 percent during the month.
Additionally, the possibility that the Federal Reserve could cut US interest rates […]

Moves in currencies markets were driven Monday by the bankruptcy of Lehman Brothers (NYSE: LEH), with the yen and Swiss franc benefiting as investors pulled out of risky currency investments financed with the low-yielding currencies.
Also helping the yen was more trouble for US insurer American International Group (NYSE: AIG), which unsuccessfully sought more capital […]

The yen weakened Wednesday on a return to interest in higher-yielding currencies by investors, who were encouraged by plans announced by Lehman Brothers (NYSE: LEH) to sell part of its assets and reduce its dividend to recover credit-market losses.
In late morning trade in New York, the yen traded at \150.9851 to the euro, having regained […]

The yen strengthened Thursday as investors pulled away from purchases of higher-yielding currencies while the New Zealand dollar weakened after the central bank there cut interest rates by more than had been expected.
The Reserve Bank of New Zealand cut interest rates there by half a percentage point to 7.5 percent, saying that with retail […]

The US dollar was stronger versus the euro on Tuesday, but the greenback gave back some of its gains after new data showed that sales of existing homes were down in the United States in July.
Pending sales of existing homes dropped 3.2 percent in July after a rise of 5.8 percent in June, according to […]

The Japanese yen declined versus the US dollar, the yen, and other currencies Monday as substantial gains in equities markets encouraged investor to purchase higher-yielding currencies in deals financed by low-yielding currencies such as the yen and the Swiss franc.
The gains in global markets came on relief that the US government moved, over the weekend, […]

The Japanese yen strengthened versus the euro and the US dollar Friday on a retreat from carry trades, on a higher US unemployment rate, and on concerns that the conflict between Georgia and Russia will get worse.
In new data, the US Labor Department said that the US economy lost 84,000 jobs in August, sending the […]