Archive for December 4th, 2008
China’s Yuan Is ‘Spanner in Works’ at Paulson Talks
By Li Yanping and Dune Lawrence
Dec. 4 (Bloomberg) — U.S. Treasury Secretary Henry Paulson is pressing for a stronger yuan at talks that started in Beijing today, just three days after the currency’s biggest drop since the nation scrapped a fixed exchange rate in 2005.
Posted: December 4th, 2008 under News.
Tags: China, Chinese Assets, export market, Fixed Exchange rate, Obama, Yuan
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Euro, Pound Fall as Traders Bet on ECB, BOE Interest-Rate Cuts
By Ron Harui and Stanley White
Dec. 4 (Bloomberg) — The euro declined against the dollar and the yen on speculation the European Central Bank will cut interest rates by half a percentage point today, reducing the appeal of assets denominated in the currency.
Posted: December 4th, 2008 under News.
Tags: Bank of England, Bank of New Zealand, bond, British Pound, Canada's dollar, currency, currency market, Euro, Euro-zone, European Central Bank, interest rates, Investor, Japan, political uncertainty, Recession, Yen
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