Archive for December 22nd, 2008
Rand Rises Against Dollar on Prospects for South African Rates
By Garth Theunissen
Dec. 20 (Bloomberg) — The rand rose against the dollar for a second week after the U.S. Federal Reserve cut interest rates to almost zero and on speculation South Africa’s central bank will lower borrowing costs to stimulate its economy.
Posted: December 22nd, 2008 under News.
Tags: BNP Paribas, Dollar, Federal Reserve, Global Recession, inflation, Rand, South Africa's Central Bank, South African Reserve Bank
Comments: none
Australian, New Zealand Dollars Advance on U.S. Auto Bailout
By Candice Zachariahs
Dec. 22 (Bloomberg) — The Australian and New Zealand dollars rose on speculation the U.S. government’s bailout of automakers will give investors confidence to purchase higher- yielding assets.
Posted: December 22nd, 2008 under News.
Tags: Australian Dollar, Auto Bailout, Federal Reserve, Futures, Global Recession, Holiday Trading, New Zealand Dollar, Reserve Bank of New Zealand
Comments: none
Euro Will Fall 10% Versus Dollar in 3 Months, UBS, Barclays Say
By Garfield Reynolds and Candice Zachariahs
Dec. 19 (Bloomberg) — The euro will fall about 10 percent against the dollar in the next three months as demand for safety and economic weakness in Europe boosts demand for the U.S. currency, UBS AG and Barclays Capital said.
Posted: December 22nd, 2008 under News.
Tags: Barclay, Dollar, Euro, European Central Bank, Federal Reserve, U.S. Currency, UBS AG
Comments: none
Yen Falls as Carmaker Loans Revive Confidence in Carry Trades
By Ron Harui and Stanley White
Dec. 22 (Bloomberg) — The yen fell to the lowest level in almost a week against the dollar on speculation $13.4 billion in emergency government loans to General Motors Corp. and Chrysler LLC will give investors confidence to buy higher-yielding assets.
Posted: December 22nd, 2008 under News.
Tags: Australian Dollar, bank of Japan, British Pound, Chrysler LLC, Dollar, Euro, General Motors Corp., Global Recession, interest rates, New Zealand Dollar, U.S. Economic Reports, Yen
Comments: none






