External Feeds

January 2007 - Posts

• Fed sees progress on inflation

  The Federal Reserve said for the first time that it thinks the US housing market may be bottoming out and cited progress on inflation, prompting a vigorous reaction in financial markets. Interest rates were kept on hold. Posted Jan 31 2007, 01:56 PM by FT.com - Currency Markets News and Data

• Yen bounces back ahead of G7 meeting

  The yen advanced on Wednesday, edging away from a four-year low against the dollar and an all-time trough against the euro amid caution ahead of the G7 meeting of finance ministers and central bankers. Posted Jan 31 2007, 05:31 AM by FT.com - Currency Markets News and Data

• Yen under pressure after spending figures

  The yen held close to a four-year low against the dollar and an all-time trough against the euro on Tuesday after weak economic data cast further doubt over a possible Japanese rate rise next month. Posted Jan 30 2007, 05:09 AM by FT.com - Currency Markets News and Data

• Yen low sparks carry trade alert

  The yen hit a four-year low against the US dollar, intensifying fears that the rising level of currency-based "carry trades" by hedge fund investors could jolt markets if these positions were suddenly unwound. Posted Jan 29 2007, 03:43 PM by FT.com - Currency Markets News and Data

• Dollar hit 4-year high against yen

  The dollar hit a four-year high against the yen on Monday, continuing its gains from last week after a series of strong US economic data. Posted Jan 29 2007, 05:16 AM by FT.com - Currency Markets News and Data

• Inflation data weigh on yen

  The yen lost ground after weak inflation data saw expectations for a rise in Japanese interest rates recede. Posted Jan 26 2007, 05:11 AM by FT.com - Currency Markets News and Data

• Yen advances ahead of G7 meeting

  The yen advanced on Thursday, extending gains from the previous session after reports suggested that European officials were set to complain about the currency's weakness at next month's G7 meeting. Posted Jan 25 2007, 05:49 AM by FT.com - Currency Markets News and Data

• The Short View: On sterling

  When the value of £1 first fell below $2, on March 5, 1976, it was the cause for national introspection in the UK, then in the grip of economic malaise. On Tuesday it almost reached the $2 level, which has been an important psychological barrier. Posted Jan 24 2007, 12:26 PM by FT.com - Currency Markets News and Data

• Sterling falls from 14-year highs

  Sterling retreated from 14-year highs against the dollar and the yen on Wednesday as the minutes from the Bank of England's monetary policy committee meeting revealed that four of the nine members voted against January's UK rate rise. Posted Jan 24 2007, 11:35 AM by FT.com - Currency Markets News and Data

• Sterling off 14-year highs against dollar

  Sterling retreated from a 14-year high against the dollar and the yen as minutes from the Bank of England's monetary policy committee meeting revealed that four of nine members voted against January's rate rise. Posted Jan 24 2007, 05:44 AM by FT.com - Currency Markets News and Data

• Sterling comes close to $2 level

  Sterling climbed to 14-year highs against the dollar and the yen on Tuesday as the pound continued to find support from expectations of further rises increases in UK interest rates. Posted Jan 23 2007, 12:55 PM by FT.com - Currency Markets News and Data

• State Street buys online forex trading platform

  State Street, one of the world's largest financial services groups, has stepped-up its efforts to attract more business from hedge funds and other active traders by buying Currenex, an online foreign exchange trading platform, for $564m in cash. Posted Jan 22 2007, 04:29 PM by FT.com - Currency Markets News and Data

• Appetite for carry puts pressure on yen

  The yen held close to an all-time low against the euro and a near four-year trough against the dollar amid continued investors appetite for carry trades. Posted Jan 22 2007, 04:37 AM by FT.com - Currency Markets News and Data

• Yen loses ground after BoJ rate decision lifts carry trade

  The yen lost ground across the board this week amid the fallout from the Bank of Japan's decision to keep interest rates on hold. Posted Jan 19 2007, 11:17 AM by FT.com - Currency Markets News and Data

• Yen holds near 4-year low against dollar

  The yen approached its all-time low against the euro and held close to a four-year trough against the dollar on Friday as the Japanese currency continued to come under pressure following the Bank of Japan's decision to leave interest rates on hold. Posted Jan 19 2007, 05:21 AM by FT.com - Currency Markets News and Data