Archive for December 15th, 2008
Dollar Staggers as U.S. Unleashes Cash Flood, Deficit
By Bo Nielsen and Daniel Kruger
Dec. 15 (Bloomberg) — The biggest foreign-exchange strategists and investors say the best may be over for the dollar after a four-month, 24 percent rally.
Posted: December 15th, 2008 under News.
Tags: Bank of America, Budget Deficit, currency, Dollar index, Euro, Federal Reserve, Global Recession, Shrinking Economy, U.S. Assets, Yen
Comments: none
Euro May Gain Versus ‘Bearish’ Canadian Dollar, RBC Says
By Chris Fournier
Dec. 12 (Bloomberg) — The U.S. dollar’s five-month rally versus the Canadian currency has stalled, making the euro, the Australian dollar and the yen better bets against the loonie, according to RBC Capital Markets.
Posted: December 15th, 2008 under News.
Tags: Australian Dollar, Canadian Dollar, Commodity Price Index, currency, Euro, Global Recession, RBC Capital Markets, Yen
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Russia Won’t Let Ruble Float Free, Deputy Central Banker Says
By Greg Walters
Dec. 14 (Bloomberg) — Russia won’t let the ruble float freely and may continue to widen the band in which the currency is allowed to trade, the first deputy chairman of Russia’s central bank, Alexei Ulyukayev, said.
Posted: December 15th, 2008 under News.
Tags: currency, Global Recession, quasi-free flotation, Russian Central Bank
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Australian, N.Z. Dollars Advance on Outlook for Fed Rate Cut
By Candice Zachariahs
Dec. 15 (Bloomberg) — The Australian and New Zealand dollars rose on speculation the Federal Reserve will cut interest rates at least half a percentage point tomorrow, increasing demand for higher-yielding assets.
Posted: December 15th, 2008 under News.
Tags: Australian Bureau of Agricultural and Resource Economics, Australian Dollar, Benchmark Rate, Comodity export, Currencies, Federal Reserve, Global Recession, National Bank Australia Ltd., New Zealand Dollar, Rate Advantage, Regional Stocks, Stock, U.S. automakers
Comments: none
Dollar Falls to 8-Week Low Versus Euro on Auto Bailout Costs
By Stanley White
Dec. 15 (Bloomberg) — The dollar fell to an eight-week low versus the euro on speculation a U.S. government rescue for the country’s automakers will leave less money to protect the financial system.
Posted: December 15th, 2008 under News.
Tags: Auto Bailout, British Pound, currency, Debt Sales, Dollar, Dollar index, Euro, greenback, Japan, Tankan Index, Yen
Comments: none
BOJ gov:Japan economy may shrink in FY 2009/10-FT
TOKYO, Dec 15 (Reuters) - The Bank of Japan governor said the nation’s economy may contract in the fiscal year starting next April 1 and that markets, not the central bank, determine foreign exchange rates, the Financial Times reported on Monday.
Posted: December 15th, 2008 under News.
Tags: currency, Dollar, Financial Times, G7, Global Recession, Japan Economy
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