(adding analyst comments in lede and fourth paragraph, currency moves in the third paragraph, and a sentence on the policy rate in the fifth paragraph.) OSLO (Dow Jones)–The Norwegian krone weakened against the euro after dovish comments from Norges Bank Governor Oystein Olsen Tuesday, SEB analyst Erica Blomgren said, noting that the strength of the [...]
Currency News
Norway Ctrl Bk Talks Down NOK,Sees Narrow Exit For Investors – Wall Street Journal
February 22nd, 2012
GBP/USD In Small 60 Pip Range This Week – International Business Times
February 22nd, 2012
GBP/USD Open 1.5827 High 1.5881 Low 1.5807 Close 1.5846 On Monday Pound/Dollar decreased insignificantly with 60 pips. The Cable depreciated from 1.5881 to 1.5819 yesterday, in converse with the positive Interbank sentiment at over +56%, closing the day at 1.5846. Today the British Pound descended slightly further, dropping to 1.5807. On the 1 hour chart [...]
Pound to euro exchange rate resumes downward move; pound dollar rate in the … – Euro Exchange Rate News
February 22nd, 2012
Last Updated on Monday, 20 February 2012 10:24 Written by Will Peters Monday, 20 February 2012 10:22 Investors are clearly counting on a positive outcome from today’s Eurogroup meeting. Needless to say, if the outcome is anything but positive we can expect a decent reversal in euro gains. The pound to euro has broken below [...]
Rupee hits 2-week high on dollar inflows, Greece bailout deal – Economic Times
February 21st, 2012
MUMBAI: Rupee climbed to a two-week high on Tuesday, driven by dollar inflows, gains in local stocks and improved appetite for risk after the euro zone reached a deal to rescue debt-laden Greece. At 9:50 a.m. (0420 GMT), the rupee was at 49.09/10 to the dollar, after touching 49.05, a level last seen on Feb. [...]
Dollar remains lower vs. rivals as Greece bailout talks eyed – Forex Rate It!
February 21st, 2012
Forexpros – The U.S. dollar remained broadly lower against its major counterparts on Monday, as investors awaited the outcome of a meeting of euro zone finance ministers on a second bailout package for Greece. During U.S. morning trade, the dollar was sharply lower against the euro, with EUR/USD climbing 0.91% to hit 1.3258. The single [...]
Pound Gains Versus Dollar After House-Price Report; Gilts Fall – BusinessWeek
February 21st, 2012
February 20, 2012, 8:12 PM EST By Emma Charlton Feb. 20 — The pound strengthened for a fourth day against the dollar after an industry report showed U.K. house prices increased in February, adding to signs the economy is recovering. Sterling appreciated to a three-month high versus the yen amid speculation minutes of the central [...]
Dollar Weakens On China RRR Cut, Greek Hopes – NASDAQ
February 20th, 2012
(RTTNews.com) – The U.S. dollar traded lower against other major currencies in the Asian session on Monday as investors reduced holdings of the currency on easing worries about the eurozone economy and a rate cut by the Chinese central bank. Eurozone finance ministers will meet in Brussels today to decide on 130 billion euros in [...]
Norway Krone Gain May Prompt Central Bank Response This Week – BusinessWeek
February 20th, 2012
February 15, 2012, 9:53 AM EST By Josiane Kremer (Updates with industry head comment in eighth paragraph.) Feb. 14 — A surge in Norway’s krone may prompt the central bank to talk down the currency’s strength as early as this week as policy makers renew their efforts to support exports. The krone rose yesterday to [...]
Forex – GBP/USD weekly outlook: February 20 – 24 – Forex Pros
February 20th, 2012
Forexpros – The pound ended the week close to a one-week high against the U.S. dollar on Friday, boosted by an unexpected increase in U.K. retail sales, but gains were capped amid uncertainty over a second bailout deal for Greece. GBP/USD hit 1.5862 on Friday, the pair’s highest since February 9; the pair subsequently consolidated [...]
Pound Rises on Speculation BOE Will Halt Bond Buying; Gilts Fall – BusinessWeek
February 19th, 2012
February 18, 2012, 6:31 AM EST By Emma Charlton Feb. 18 — The pound gained versus the dollar, euro and yen this week as the Bank of England increased its inflation forecasts, prompting speculation policy makers will refrain from further expanding their bond-purchase program. Sterling climbed to a three-month high versus Japan’s currency after a [...]
UBS Changes 3-Month Euro Forecasts Against Norwegian Krone, Swedish Krona – Wall Street Journal
February 19th, 2012
NEW YORK (Dow Jones)–UBS changed its three-month euro forecasts against the Norwegian krone and Swedish krona Thursday. The bank now forecasts the euro trade at NOK7.50 and SEK8.80, barely different from where … NEW YORK (Dow Jones)–UBS changed its three-month euro forecasts against the Norwegian krone and Swedish krona Thursday. The bank now forecasts the [...]
Yen, Dollar Fall on US Growth Outlook, Optimism Over Greece; Pound Gains – Bloomberg
February 19th, 2012
The yen and dollar declined as signs the U.S. economy is gaining momentum and optimism European leaders will reach an accord to rescue Greece reduced demand for haven assets. South Korea’s won and New Zealand’s dollar led gains in higher-yielding currencies before a U.S. report that economists said will show an index (SXXP) of leading [...]