Archive for December 9th, 2008
Euro Dreams Fade for Zloty, Forint, Koruna on Slump
By Ewa Krukowska
Dec. 8 (Bloomberg) — The slowing global economy is halting the spread of monetary union into eastern Europe and may lead to another year of losses for the Polish zloty, Hungarian forint and Czech koruna.
Posted: December 9th, 2008 under News.
Tags: Bank of America, Currency traders, Czech central bank, Czech koruna, east European currencies, Euro, European Union Monetary Affairs, Hungarian forint, Hungary’s central bank, inflation, Monetary, Polish zloty, pre-euro exchange-rate, Risk-Reversal Rate, Slovakia’s central bank, volatility
Comments: none
Asian Currencies Rise, Led by Won, Ringgit, on Spending Plans
By Kim Kyoungwha
Dec. 9 (Bloomberg) — Asian currencies gained, paced by South Korea’s won and Malaysia’s ringgit, as economic stimulus plans encouraged overseas investors to buy the region’s assets.
Posted: December 9th, 2008 under News.
Tags: Asian Currency, Korea Exchange Bank, Kospi stock Index, Malaysia's Ringgit, MSCI Asia Pacifix Index, Obama, South Korean won, Won
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Pound Gains Versus Dollar as Waning Risk Aversion Boosts Stocks
By Matthew Brown
Dec. 8 (Bloomberg) — The pound rose the most against the dollar in more than five weeks as gains in stock markets around the world eroded appetite for the U.S. currency as a haven.
Posted: December 9th, 2008 under News.
Tags: Australian Dollar, Commerzbank AG, currency, Euro, Europe, MSCI World Index, New Zealand Dollar, Obama, Pound, Recession, U.K. Bond
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Canada’s Dollar Gains as U.S. Currency Loses Haven Appeal
By Chris Fournier
Dec. 8 (Bloomberg) — Canada’s dollar rose the most in two weeks as President-elect Barack Obama’s pledge to spend the most on infrastructure since the 1950s reduced the U.S. currency’s haven appeal.
Posted: December 9th, 2008 under News.
Tags: bond, Canada's central bank, Canada's dollar, Citigroup, Commodity plunge, Dollar, Obama, Schneider Foreign Exchange, U.S. dollar
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Euro Falls on Speculation German Economic Sentiment Weakened
By Stanley White
Dec. 9 (Bloomberg) — The euro fell against the dollar before German economic sentiment data that may show pessimists outnumbered optimists for a 17th month, allowing more scope for the European Central Bank to lower interest rates.
Posted: December 9th, 2008 under News.
Tags: Asian stock, currency, Dollar, ECB, Euro, European Central Bank, Foreign-Exchange, German, New Zealand, Obama, Royal Bank of Scotland, South Korean won, ZEW
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Canada’s Dollar May Fall on Ottawa ‘Kerfuffle,’ Citigroup Says
By Chris Fournier
Dec. 8 (Bloomberg) — Canada’s currency may drop 2.4 percent versus its U.S. counterpart in the next several days as the nation’s economy falters and a political “kerfuffle” means help may be a long time coming, according to Citigroup Inc.
Posted: December 9th, 2008 under News.
Tags: Canada's currency, Canadian Dollar, Crude Oil, currency, Dollar, Economy, kerfuffle, michael Hart, U.S. dollar
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