Dollar Falls To 2-week Low Against Sterling [GBP/USD]
4/18/2008 2:55:25 AM The US dollar lost ground against its major counterparts during early deals on Friday. The dollar dipped to a 2-week low against the pound during this time.
The Italian industrial orders and the British M4 money supply are expected in the upcoming hours.
At about 2:15 am ET, the dollar touched a 2-week low of 1.9968 against the British pound, compared to yesterday`s North American close of 1.9916.
The dollar that closed yesterday`s deals at 1.0065 against the Swiss franc hit a low of 1.0041 at about 2:35 am ET.
Against the yen, the greenback dipped to 102.27 during today`s deals. The dollar-yen pair closed yesterday`s deals at 102.48.
The Japanese consumer sentiment index improved in March with the reading increasing slightly to 36.7 from 36.1 in February. Economists had expected the indicator to rise to 37.4. A year ago, the indicator stood at 46.8.
In early deals on Friday, the US dollar declined against the euro and reached 1.5944 at about 2:15 am ET. This may be compared to the new record low of 1.5984 hit yesterday. The pair closed yesterday`s deals at 1.5909.
The Federal Statistical Office reported today that the Germany`s producer price annual inflation accelerated to 4.2% in March from 3.8% in February. Economists had expected the rate to increase to 4%. The statistical office said this is the highest year-on-year rate of price increase since December 2006, when it was up 4.4%. A year ago, producer price annual inflation stood at 2.5%. On a monthly basis, the Producer Price Index, or PPI, grew 0.7%, unchanged from February and faster than the 0.5% expected.
Pound At 11-day High Against Dollar [GBP/USD]
4/18/2008 2:17:22 AM The British pound spiked higher against the dollar at 1:55 am ET Friday. Currently, the pound-dollar pair is trading at an 11-day high of 1.9951, compared to yesterday`s North American close of 1.9921.
Pound Mixed Amid British Economic Report [GBP/USD]
4/14/2008 4:35:14 AM Following the release of the British PPI report, the pound gained against the yen and the franc, but showed weakness against the rest of its major counterparts. The pound was worth 0.7997 against the euro and 198.85 against the yen at about 4:33 am ET. Against its Swiss and US counterparts, the pound was quoted at 1.9740 and 1.9763 respectively.
Pound Higher Against Dollar Ahead Of British Economic Data [GBP/USD]
4/14/2008 4:27:32 AM The British producer price index report for the month of March has been scheduled to release at 4:30 am ET. Ahead of the release, the pound traded higher against the dollar, and showed slight strength against the rest of its major counterparts. At about 4:25 am ET, the pound was worth 0.7999 against the euro, 198.75 against the yen, 1.9748 against the franc and 1.9754 against the dollar.
Dollar Little-Moved Versus Pound [GBP/USD]
4/11/2008 8:44:46 AM The greenback was little-changed against the British pound after the Labor Department data on Friday in New York. The pair moved at 1.9726 in the mid-morning, remaining in a range that began Thursday afternoon.
Friday morning, the Department of Labor released its report on import and export prices in the month of March, showing that both import and export prices saw significant increases compared to the previous month. The report showed that import prices jumped 2.8 percent in March after edging up just 0.2 percent in the previous month. The Labor Department also said that export prices rose 1.5 percent in March following a revised 1.1 percent increase in February.
Pound Mixed Against Majors Ahead Of British Trade Balance Report [GBP/USD]
4/10/2008 4:26:43 AM The British trade balance report for the month of February is expected at 4:30 am ET. Ahead of the release, the pound showed mixed trend against its major counterparts. The pound moved higher against the dollar and the euro, but traded lower against its Swiss and Japanese counterparts. As of now 4:25 am ET, the pound was quoted at 0.8014 against the euro, 199.55 against the yen, 1.9777 against the dollar and 1.9676 against the franc.
Dollar Spikes Higher Versus Sterling; Hits Multi-week High [GPB/USD]
4/8/2008 6:59:13 AM The greenback rose to a 7-week peak versus the sterling, storming to upside after the release of another troubling report on the UK housing sector. The dollar jumped to 1.9716 by 7 am ET, after pausing near 1.979 overnight.
House prices in the United Kingdom declined 2.5% month-on-month in March compared with 0.4% fall in February, a report from the Halifax showed Tuesday. House prices declined in March at the sharpest pace since September 1992. Economists had expected just 0.3% monthly fall.
Sterling Gains Against Dollar, Falls Versus Other Majors [GBP/USD]
4/7/2008 8:32:59 PM The sterling gained against the dollar, but fell against the other majors in early Asian deals on Tuesday. As of 8:25 pm ET, the pound fell to 0.7929 against the euro, 2.0065 against the franc and 203.40 versus the yen. Against the greenback, the sterling strengthened to 1.9920 during this time.
Pound Falls Against Majors Following British Economic Data [GBP/USD]
4/3/2008 4:38:49 AM Following the release of British government net reserves data for the month of February, the pound staged a sharp fall against its major counterparts. As of 4:35 am ET, the sterling traded near 1.9772 against the dollar, 0.7906 against the euro, 2.0059 against the franc 203.13 against the yen.