The pound weakened in relation to the US dollar and the euro on Monday in the wake of a report from online property search company Rightmove (LSE: RMV) that the average price for a home dropped 1.2 percent in May across the UK and was down 1.4 percent in London.
The news made it less […]

The pound weakened in relation to the euro Friday on comments from a Bank of England deputy governor who said that house prices in the UK will continue to decline.
His comments made it seem less likely that the Bank’s Monetary Policy Committee will raise interest rates in the next few months and hurt consumer […]

The pound strengthened Thursday on a report from the Office for National Statistics which revealed that UK retail sales were up 3.5 percent in May against an expected decline.
The UK currency was also helped by comments from Bank of England Governor Mervyn King yesterday that the Bank of England’s Monetary Policy Committee will do whatever […]

Interest rate speculation sent the dollar higher versus the yen Wednesday as investors continued to bet that the Federal Reserve will increase US interest rates later this year and after the minutes of the most recent meeting of the Bank of Japan indicated that it will likely continue to hold interest rates at their current […]

The US dollar was hurt Monday by the news that the New York Federal Reserve’s general economic index, which tracks manufacturing activity in the region, fell to minus 8.7 in June, with any reading lower than zero showing contraction, after being at minus 3.2 in May.
The greenback was down versus the euro but had risen […]

The US dollar was weaker again Tuesday, hurt by a new report from the Commerce Department showing that housing starts in the US were down in May, causing speculation that the Federal Reserve will not raise interest rates until the end of the year, if at all.
However, the euro was hurt as well, by a […]

The US dollar declined in relation to the euro and the yen on Friday but was still headed for its second month in a row of advances versus both currencies on general sentiment that US economic conditions will get better from here on out.
In mid-afternoon trade in New York, the dollar traded at $1.5561 to […]

The US dollar strengthened Thursday after the Commerce Department reported that the US economy grew at an annual pace of 0.9 percent in the first quarter of the year, better than the earlier estimate of 0.6 percent growth.
At just past noon in New York, the dollar traded at $1.5508 to the euro while it took […]