Archive for January 1st, 2009
Dollar’s Share of Central Bank Reserves Climbs as Euro’s Falls
By Christopher Swann
Dec. 31 (Bloomberg) — The dollar’s share of foreign exchange reserves climbed in the third quarter as the currency rebounded and central banks sought the safety of the world’s leading reserve currency, data from the International Monetary Fund showed.
Posted: January 1st, 2009 under News.
Tags: Dollar, Euro, Foreign-Exchange, IMF
Comments: none
Canadian Dollar Posts Biggest Annual Drop on Oil Decline
By Cordell Eddings
Dec. 31 (Bloomberg) — Canada’s dollar posted its biggest annual decline on record as crude oil plunged and investors sought refuge in the U.S. currency from the deepening global recession. Government bonds rallied in 2008.
Posted: January 1st, 2009 under News.
Tags: Bank of Canada, Bonds, Canada's dollar, Crude Oil, U.S. Currency
Comments: none
U.K. Pound Posts Worst Annual Performance Against Euro on Rates
By Lukanyo Mnyanda
Dec. 31 (Bloomberg) — The pound posted its worst annual performance against the euro since the 15-nation currency’s 1999 debut and traded near parity on bets the Bank of England will keep cutting interest rates to revive the economy.
Posted: January 1st, 2009 under News.
Tags: Bonds, Euro, European Central Bank, Pound, The Bank of England
Comments: none