Archive for January 8th, 2009
British Pound Breaches 90 Pence per Euro on Interest-Rate Bets
By Matthew Brown
Jan. 7 (Bloomberg) — The U.K. pound rose, breaching 90 pence per euro for the first time in three weeks, on bets the European Central Bank will step up the pace of interest-rate cuts as the region using the single currency slides deeper into a recession.
Posted: January 8th, 2009 under News.
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Australia, New Zealand Dollars Drop on Commodities, U.S. Jobs
By Garfield Reynolds
Jan. 8 (Bloomberg) — The Australian and New Zealand dollars fell as oil prices plunged the most in seven years, suggesting revenue will decline from commodities that make up more than half the nations’ exports.
Posted: January 8th, 2009 under News.
Tags: Asian Trading, Australia dollar, currency, Forex, Global Growth, Global Recession, New Zealand Dollar
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Dollar Falls From Three-Week High After Report Shows Job Cuts
By Ye Xie and Anchalee Worrachate
Jan. 7 (Bloomberg) — The dollar fell from a more-than- three-week high against the euro after a private report showed the U.S. job market deteriorated last month, reinforcing investor expectations for a protracted recession.
Posted: January 8th, 2009 under News.
Tags: Currencies, Dollar, Federal Reserve, Forex, Global Recession
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