The yen and the Swiss franc both strengthened Thursday on speculation that concerns about losses related to the credit crisis will cut demand for purchases of higher-yielding currencies that are typically financed by lower-yielding currencies such as the yen and the franc.
In late morning trade in New York the yen traded at \161.1536 to the […]

The yen strengthened versus the euro, the US dollar, the pound and the Australian dollar Tuesday as investors backed away from purchases of higher-yield currencies financed with the low-yielding yen, but the US dollar gained on the euro, the pound and the South African rand after wholesale prices in the US were reported to […]

The euro and the pound both weakened versus the US dollar Wednesday after both the German and UK economies showed signs of slowing further.
The German economy contracted by 0.5 percent in the second quarter of the year, the first time that has happened in four years, while in the UK the minutes of the […]

The US dollar was weaker in relation to the yen, the Australian dollar and the New Zealand dollar Monday on concerns that the recent rally for the greenback, which has added 8.4 percent versus the euro since July, was too quick.
The declines for the dollar came ahead of separate reports on wholesale costs and housing […]

The Japanese yen strengthened Wednesday as demand of higher-yielding currencies declined as it looked like interest rates in places like Australia and New Zealand are set to decline after major declines in commodities prices.
Investors were also scared away from risky carry trades by new data showing that Japan could be about to enter a recession.
At […]

The pound was weaker Tuesday on new data showing that UK inflation was at 4.4 percent in July, higher than anticipated and more than twice the target set by the Bank of England, and after the Royal Institution of Chartered Surveyors reported that house prices were lower again in July.
RICS said that 83.9 percent more […]

The euro weakened in relation to the US dollar, the yen and the Canadian dollar Thursday as the European Central Bank left Eurozone interest rates steady at 4.25 percent for the time being.
Along with the rate decision, ECB President Jean-Claude Trichet made comments indicating that economic growth in the region will likely slow in the […]

The euro was on track to drop 3.1 percent versus the US dollar this week and it was down almost 2 percent on the session to $1.5042 to the shared currency on sentiment that the European Central Bank is not likely to raise Eurozone interest rates anytime soon.
The declines came after ECB president Jean-Claude Trichet […]