The euro was weaker and the pound saw gains Thursday after the European Central Bank and the Bank of England both held interest rates steady for another month at 4.25 percent and 5 percent respectively.
The declines for the euro came after ECB president Jean-Claude Trichet characterized Eurozone economic activity as “weak” in comments accompanying the […]

The euro weakened versus the US dollar Wednesday after new data showed that business investment and retail sales in the Eurozone both declined in July, while the yen saw gains as investors once again backed away from risky currency trades.
According to the new numbers, business investment in the Eurozone dropped by 1.2 percent while retail […]

The US dollar strengthened Tuesday as crude oil prices fell significantly after Hurricane Gustav weakened and did not do as much damage as had been feared to oil facilities in the Gulf of Mexico and along the US Gulf Coast and on speculation that the US economy could do better than economies in Europe and […]

The euro saw gains in relation to the US dollar, the pound and the yen Wednesday as crude oil prices rose for the third session in a row and as comments from European Central Bank officials reduced sentiment that Eurozone interest rates will fall next year.
One official, Klaus Liebscher, warned in comments in Berlin that […]

The euro strengthened versus the US dollar and the pound again on Thursday as crude oil prices continued to rise on worries about where Tropical Storm Gustav will go as it strengthened again to near-hurricane force.
Gains for the euro was also helped by speculation that the rising oil prices will fuel inflation and force the […]

The US dollar gained on the euro after German business confidence was down more than expected in August.
The Ifo Institute’s German business confidence index was at 94.8 in August, down from 97.5 in July.
The euro was also hurt by sentiment that the European Central Bank will cut interest rates next year and by gains […]

The Japanese yen and the Swiss franc were both stronger Monday on another retreat from risky carry trades, in which purchases of higher-yielding currencies are financed with lower-yielding currencies such as the yen and the franc, as concerns about losses due to the credit crisis continue.
These worries were fed by the possibility that insurer American […]

The US dollar saw gains against the euro and the yen Friday, helped by comments from Federal Reserve Chairman Ben Bernanke that while it remains “uncertain” just what will happen with inflation in the US, declines in commodities prices, slower economic growth, and a stable dollar will likely limit inflation.
Another aid to the greenback was […]