By Lukanyo Mnyanda
Dec. 17 (Bloomberg) — The pound may be most at risk among major currencies as the economic slump forces central banks to follow the example of the Federal Reserve, which cut its target interest rate to zero yesterday, Merrill Lynch & Co. said.

By Candice Zachariahs
Dec. 18 (Bloomberg) — The Australian and New Zealand dollars advanced for a fourth day as investors bought the nations’ higher-yielding assets after the Federal Reserve cut interest rates to as low as zero on Dec. 16.

Written by John Kicklighter, Currency Strategist
Interest rates have changed dramatically over the past year to eighteen months with the upheaval in credit markets and the onset of a global recession. And, while the resulting plunge in investor sentiment has claimed many casualties along the way, the carry strategy seems to be one of the hardest [...]

By Michael J. Moore
Dec. 17 (Bloomberg) — The dollar’s decline against the euro compares with a similar move in the early 1990s, indicating the U.S. currency may weaken to a record low against the euro, according to Citigroup Inc.

By Stanley White and Jamie McGee
Dec. 18 (Bloomberg) — The dollar traded near a 13-year low versus the yen and at the weakest level against the euro since September as the Federal Reserve’s near-zero interest rate policy reduces the appeal of holding U.S. assets.