Archive for January 9th, 2009
Australia, New Zealand Dollars Rise After Slump in U.S. Dollar
By Garfield Reynolds
Jan. 9 (Bloomberg) — The Australian and New Zealand dollars rose as the number of Americans collecting unemployment benefits surged to a 26-year high, helping weaken the U.S. currency.
Posted: January 9th, 2009 under News.
Tags: ANZ, Australia dollar, Commodities, currency, Dollar index, Euro, Forex, Global Recession, greenback, Major currencies, New Zealand Dollar, U.S. dollar, Yen
Comments: none
Brown Should Buy Homes to Help Economy, Ex-BOE Officials Say
By Gonzalo Vina and Brian Swint
Jan. 9 (Bloomberg) — Prime MinisterGordon Brown should buy homes on the verge of repossession to add money to the British economy and save families from being thrown out onto the street, two former Bank of England economists said.
Posted: January 9th, 2009 under News.
Tags: Bank of England, British Economy, Fanthom Financial Consulting, Forex, Global Recession
Comments: none
Canada’s Dollar Gains as Greenback Stung By Recession Concern
By Jamie McGeeJan. 8 (Bloomberg) — Canada’s dollar gained as its U.S. counterpoint weakened before a report forecast to show unemployment in the nation’s largest trading partner increased to a 16-year high.
Posted: January 9th, 2009 under News.
Tags: Bank of Canada's Commodity Price Index, Canada Dollar, Commodities, Crude Oil, currency, Forex, Global Recession, greenback, New York Mercantile Exchange
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Colombian Bonds Climb on Rate-Cut Outlook; Chile Peso Gains
By Andrea Jaramillo and Drew Benson
Jan. 8 (Bloomberg) — Colombia’s peso bonds rose on speculation the central bank will cut further its benchmark interest rate as the cooling economy eases inflation pressure.
Posted: January 9th, 2009 under News.
Tags: Chile Peso, Chile's Central Bank, Colombian Bonds, Forex, Global Recession, inflation, Inflation Pressure, interest rate, Macroeconomic Situation, Oil Export Revenue, Venezuela Devaluation
Comments: none
Dollar Heads for Weekly Loss Against Yen Before U.S. Payrolls
By Ron Harui and Ye Xie
Jan. 9 (Bloomberg) — The dollar headed for its first weekly loss against the yen in three weeks before a U.S. payroll report that may show the economy lost jobs every month in 2008 and the unemployment rate rose in December to a 16-year high.
Posted: January 9th, 2009 under News.
Tags: Bank of England, British Pound, currency, Dollar, Equity Markets, Forex, Global Equity Markets, Global Recession, greenback, Unemployment Rate, Yen
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