Archive for January, 2009
Australia, N.Z. Dollars Drop on Rate Cut, Deeper U.S. Slump
By Candice Zachariahs
Jan. 30 (Bloomberg) — New Zealand’s dollar touched its lowest in six years and the Australian currency also fell as U.S. equities slid and yesterday’s interest-rate cut in New Zealand reduced the appeal of the two South Pacific nations’ assets.
Posted: January 30th, 2009 under News.
Tags: Australian Dollar, currency, Forex, Global Recession, New Zealand Dollar, The Reserve Bank of New Zealand
Comments: none
Buy Pound Versus Sweden Krona as Sales Sag, Morgan Stanley Says
By Candice Zachariahs
Jan. 30 (Bloomberg) — Investors should buy the pound against the Swedish krona to benefit from gains of as much as 7 percent as “extreme” selling of the British currency abates and Sweden’s economic slump deepens, Morgan Stanley said.
Posted: January 30th, 2009 under News.
Tags: British Pound, currency, Forex, global financial crisis, Global Recession, Sweden Krona
Comments: none
Yen May Rise Through March on Inflows, Barclays Says (Update1)
By Garfield Reynolds and Stanley White
Jan. 30 (Bloomberg) — The Japanese yen may extend gains through to the end of the country’s fiscal year on March 31 as exporters buy the currency to hedge revenues and money managers bring funds home amid the global slump, Barclays Capital said.
Posted: January 30th, 2009 under News.
Tags: bank of Japan, Barclays, Barclays Capital, currency, Dollar, Euro, Forex, Global Recession, Yen
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Dollar, Yen Gain Versus Euro as Slowdown Spurs Demand for Haven
By Ron Harui and Stanley White
Jan. 30 (Bloomberg) — The dollar headed for its largest monthly gain against the euro since October on speculation growing evidence of a global slowdown will increase the appeal of the currency to investors as a haven.
Posted: January 30th, 2009 under News.
Tags: Australian Dollar, currency, Dollar, Euro, European Union, Federal Reserve, Forex, Global Recession, greenback, peso, Soros Record, Yen
Comments: none
Ringgit, Rupiah, Peso Drop on Weak Growth Outlook; Won Advances
By Kim Kyoungwha and David Yong
Jan. 29 (Bloomberg) — Malaysia’s ringgit, Indonesia’s rupiah and the Philippine peso declined on speculation demand for emerging-market assets will wane as a global recession fans risk aversion. South Korea’s won strengthened.
Posted: January 29th, 2009 under News.
Tags: Asian Currencies, Bangko Sentral ng Pilipinas, Bank of Korea, Capital Outflows, currency, Euro, Federal Reserve, Forex, Global Recession, International Monetary Fund, The Asia Dollar Index
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Trichet Says ECB’s Next Important Rate Meeting Is In March
By Simone Meier and Francine Lacqua
Jan. 29 (Bloomberg) — European Central Bank President Jean- Claude Trichet said the bank’s next “important” meeting will be in March, suggesting policy makers will avoid the interest-rate cut some investors expect next week.
Posted: January 29th, 2009 under News.
Tags: Bank of England, currency, Deutsche Bank AG, ECB, European Central Bank, European Commission, European manufacturing and service industries, Federal Reserve, Forex, global financial crisis, Global Recession, International Monetary Fund, Royal Bank of Scotland, Swiss Central Bank, Wait-and-See-Policy
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