Archive for December 25th, 2008
Dollar Advances on Better-Than-Forecast U.S. Consumer Spending
By Candice Zachariahs and Ye Xie
Dec. 25 (Bloomberg) — The dollar climbed after U.S. consumer spending and orders for durable goods were higher than economists’ forecasts.
The euro touched a record high versus the pound as an industry report said yesterday U.K. house prices may fall about 10 percent next year. Russia’s ruble slid to its [...]
Posted: December 25th, 2008 under News.
Tags: Dollar, Economists' forecast, Euro, Pound, Royal Bank of Scotland, Russia's rubble, U.K.
Comments: none
Pound Falls Versus Euro After Report Says House Prices May Drop
By Matthew Brown
Dec. 24 (Bloomberg) — The pound declined against the euro as an industry report said that U.K. house prices may fall about 10 percent next year, strengthening the case for further interest rate cuts from the Bank of England.
The British currency also dropped versus the dollar after the Royal Institution of Chartered Surveyors [...]
Posted: December 25th, 2008 under News.
Tags: Bank of England, Dollar, Euro, Pound
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Asian Currencies Weaken on Risk Aversion; Korean Won Advances
By Kim Kyoungwha and Ron Harui
Dec. 24 (Bloomberg) — Asian currencies fell after reports indicating a global recession is deepening sapped demand for emerging-market assets. South Korea’s won strengthened on speculation the nation’s central bank was supporting the currency, the region’s biggest loser this year.
Posted: December 25th, 2008 under News.
Tags: Asian Currencies, China, India, India's Rupee, Japan, Malaysia's Ringgit, MSCI Asia Pacifix Index, Philippine peso, South Korea, Taiwan's dollar, Won
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Canada’s Currency Climbs for Second Day as U.S. Dollar Drops
By Chris Fournier
Dec. 24 (Bloomberg) — Canada’s dollar rose for a second day after the U.S. greenback declined against most major currencies as investors balanced their accounts at year-end.
Posted: December 25th, 2008 under News.
Tags: bond, Canada's dollar, greenback, U.S. dollar
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