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February 2007 - Posts

• Yen's grip on the dollar weakens

  The yen gave back some of its gains on Wednesday following a huge jump on Tuesday sparked by a rout in global equity markets. Posted Feb 28 2007, 11:40 AM by FT.com - Currency Markets News and Data

• Yen surges amid flight to quality

  The yen and the Swiss franc rallied on Tuesday amid signs that growing risk aversion was prompting investors to unwind carry trades. Posted Feb 27 2007, 05:24 AM by FT.com - Currency Markets News and Data

• Dollar hits 2-month low against euro

  The dollar fell to a two-month low against the euro and eased against the yen on Monday as oil prices continued to rise amid tension over Iran's nuclear programme. Posted Feb 26 2007, 05:29 AM by FT.com - Currency Markets News and Data

• BoJ prompts fresh yen slip

  The yen fell to a record low against the euro on Friday and held close to a four-year trough against the dollar as the Bank of Japan indicated that interest rates would remain on hold for the foreseeable future. Posted Feb 23 2007, 05:30 AM by FT.com - Currency Markets News and Data

• Nikkei hits seven-year high on rate hopes

  The yen slid to an all-time low against the euro and the Nikkei 225 stock index surged to a near-seven-year high as markets bet that Japan's central bank would not raise interest rates again until much later this year. Posted Feb 22 2007, 02:00 PM by FT.com - Currency Markets News and Data

• Yen at new low against euro on rate doubts

  The yen fell to a fresh record low against the euro as investors met with scepticism comments from the Bank of Japan governor about plans to raise interest rates. Posted Feb 22 2007, 05:17 AM by FT.com - Currency Markets News and Data

• Yen tumbles after BoJ rate decision

  The yen lost ground on Wednesday as the Bank of Japan's decision to raise interest rates failed to give the currency a boost. Posted Feb 21 2007, 05:15 AM by FT.com - Currency Markets News and Data

• MPC voted 7-2 to hold rates

  The Bank of England's monetary policy committee voted 7 to 2 to leave interest rates at 5.25 per cent earlier this month, concerned that a rise might be seen as 'excessive tightening'. Posted Feb 21 2007, 04:53 AM by FT.com - Currency Markets News and Data

• Yen slides as BoJ meeting starts

  The yen weakened on Tuesday as the Bank of Japan started its two-day policy-setting meeting with the market split as to whether the central bank would raise interest rates. Posted Feb 20 2007, 05:36 AM by FT.com - Currency Markets News and Data

• Yen weakens as BoJ begins two-day meeting

  The dollar continued its gradual rise against the yen as traders consolidated their positions ahead of the Bank of Japan's announcement of a decision on interest rates Wednesday. Posted Feb 20 2007, 01:29 AM by FT.com - Currency Markets News and Data

• Fed chief warned on inflation target

  It would be a "terrible mistake" for the Federal Reserve to adopt any form of inflation target to guide its interest rate decisions, Barney Frank, the Democratic chairman of the House financial services committee, said. Posted Feb 19 2007, 03:26 PM by FT.com - Currency Markets News and Data

• Yen eases ahead of rate decision

  The yen weakened on Monday amid a growing perception that a Japanese rate rise would do little to quell investor appetite for carry trades. Posted Feb 19 2007, 05:21 AM by FT.com - Currency Markets News and Data

• Yen rally runs out of steam

  The yen eased on Friday after its surge in the previous session following stronger-than-expected Japanese growth data. Posted Feb 16 2007, 05:11 AM by FT.com - Currency Markets News and Data

• Dollar tumbles to one-month low against yen

  Fresh figures showed the first net capital outflow from the US in two years as foreign purchases of long-term securities plunged 95 per cent to $2.5bn in December. Posted Feb 15 2007, 08:33 PM by FT.com - Currency Markets News and Data

• BoE governor boosts sterling

  The pound rose against the euro and the dollar on Wednesday after Mervyn King, governor of the Bank of England, said the outlook for UK inflation was highly uncertain due to energy prices. Posted Feb 14 2007, 05:11 AM by FT.com - Currency Markets News and Data