Archive for January 2nd, 2009
Euro Falls to Two-Week Low as European Manufacturing Shrinks
By Ye Xie and Bo Nielsen
Jan. 2 (Bloomberg) — The euro fell to a two-week low against the dollar and declined versus the yen after a European manufacturing report indicated the recession is deepening in the 16-nation region.
Posted: January 2nd, 2009 under News.
Tags: currency, Dollar, EUR, Euro, European Central Bank, Pound, Yen
Comments: none
U.K. Pound Falls as Manufacturing, Mortgage Approvals Decline
By Andrew MacAskill
Jan. 2 (Bloomberg) — The pound fell against the dollar and the euro and U.K. two-year gilt yields dropped to the lowest on record after mortgage approvals slid to the least since 1999 and manufacturing shrank in December.
Posted: January 2nd, 2009 under News.
Tags: Bank of England, Bank of New York, British currency, currency, Dollar, Euro, Pound
Comments: none
Asia Currencies: Won, Singapore Dollar Fall on Slowdown Concern
By Lilian Karunungan
Jan. 2 (Bloomberg) — South Korea’s won and the Singapore dollar weakened in the first trading day of the year on concern a deepening global recession will hurt the region’s exports.
Posted: January 2nd, 2009 under News.
Tags: Asia, Asian Currencies, Euro, Malaysia's Ringgit, Singapore dollar, South Korean won, U.S. dollar
Comments: none