Archive for January 6th, 2009
Australia, N.Z. Dollars Rise as Commodities, Stocks Advance
By Ron Harui
Jan. 6 (Bloomberg) — The Australian dollar rose to the highest in more than 2 1/2 months against the greenback and New Zealand’s currency gained as prices increased for commodities that make up more than half the nations’ exports.
Posted: January 6th, 2009 under News.
Comments: none
Pound Has Biggest Jump Versus Euro on Interest-Rate Speculation
By Matthew Brown
Jan. 5 (Bloomberg) — The pound rose the most against the euro since the debut of the common currency a decade ago on bets the European Central Bank may be spurred to cut interest rates to limit the fallout from the recession.
Posted: January 6th, 2009 under News.
Tags: BNP Paribas, British Pound, Currencies, Euro, Forex, Global Recession, Interest-Rate Speculation
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Bank of America Says Bet on Loonie Drop Versus Swiss Franc
By Chris Fournier
Jan. 5 (Bloomberg) — Bank of America Corp. recommended that investors bet that the Canadian dollar will weaken against the Swiss franc as the commodity boom falters.
Posted: January 6th, 2009 under News.
Tags: Bank of America, Business Investment, Canadian Dollar, Canadian Economic Growth, Commodity Price Index, Dollar, Forex, Global Recession, Group of Seven, Swiss Franc
Comments: none
Asian Currencies May Extend Drop in 2009, Brown Brothers Says
By Michael J. Moore and Whitney Kisling
Jan. 5 (Bloomberg) — Asian currencies may remain weak in 2009 on slowing inflation, weaker growth and deteriorating exports, according to Brown Brothers Harriman & Co.
Posted: January 6th, 2009 under News.
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Euro Trades Near Three-Week Low Before EU’s Report on Inflation
By Ye Xie and Michael J. Moore
Jan. 6 (Bloomberg) — The euro traded near a three-week low against the dollar before a European Union report forecast to show inflation slowed in December, giving more room for the European Central Bank to lower interest rates.
Posted: January 6th, 2009 under News.
Tags: Bank of England, British Pound, Currencies, Danish Krone, Dollar, Euro, European Central Bank, European Union, Forex, Global Recession, greenback, Swiss Franc
Comments: none