Archive for December 12th, 2008
Pound Falls to Record 89 Pence Per Euro on Worsening Sentiment
By Matthew Brown
Dec. 11 (Bloomberg) — The pound slid to a record against the euro for a fourth day after a U.K. index of manufacturers’ output expectations matched the lowest level in almost 30 years, strengthening the case for deeper interest-rate cuts.
Posted: December 12th, 2008 under News.
Tags: Bank of Scotland, British currency, Canadian Dollar, Confederation of British Industry, Euro, European Central Bank, index of manufacturer, interest-rate cuts, Pound, The Bank of England, U.K. Debt Management
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Dollar May Extend Drop Versus Asian Currencies, Citigroup Says
By Jamie McGee
Dec. 11 (Bloomberg) — The dollar will likely extend its retreat from a two-year high against an index of Asian currencies after breaching levels where orders to buy the greenback are clustered, according to Citigroup Inc.
Posted: December 12th, 2008 under News.
Tags: Asian Currencies, Chinese Yuan, Citigroup, Dollar, Hong Kong Dollar, Index, Indian Rupee, Indoensian Rupiah, Philippine peso, Singapore dollar, South Korean won, Taiwan Dollar, Thai baht
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Korean Won Set for Best Weekly Gain Since October on Rate Cut
By Kim Kyoungwha
Dec. 12 (Bloomberg) — South Korea’s won was poised for the biggest weekly gain since the end of October on speculation record interest-rate cuts and an economic stimulus package will support demand for the nation’s assets.
Posted: December 12th, 2008 under News.
Tags: currency, economic stimulus, Global Recession, Korean Central Bank, Korean Won, Rate cut
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Dollar Heads for Biggest Weekly Decline in 8 Years on Auto Bill
By Stanley White
Dec. 12 (Bloomberg) — The dollar headed for its biggest weekly decline in eight years against the euro on speculation U.S. lawmakers will delay voting on legislation to lend the country’s automakers enough money to survive into the new year.
Posted: December 12th, 2008 under News.
Tags: Auto Bill, currency, Dollar, Euro, European Central Bank, Index, Nomura Trust and BAnking Co., Yen
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Australia cbank US dollar repo draws low response
SYDNEY, Dec 12 (Reuters) - An $11 billion 84-day repurchase tender by Australia’s central bank, aimed at easing U.S. dollar debt market tightness, met with a tepid response on Friday, with banks taking less than half the amount on offer.
Posted: December 12th, 2008 under News.
Tags: Australia cbank, Australia's Central Bank, Credit Markets, Dollar, Market, monetary policy, Reserve Bank of Australia
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