Archive for January 13th, 2009
UBS Says Euro to Drop, Advises Selling Against Dollar
By Bo Nielsen
Jan. 13 (Bloomberg) — The euro will fall against the dollar as the European Central Bank “comes under pressure” to cut interest rates and risk-averse investors seek the safety of U.S. Treasuries, UBS AG said.
Posted: January 13th, 2009 under News.
Tags: British Pound, currency, Dollar, ECB, Euro, European Central Bank, Forex, Global Recession, Krone, Swiss Franc, UBS AG, Yen
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Kokusai Keeps Bet Against Yen After Loss Last Year
By Wes Goodman
Jan. 13 (Bloomberg) – Kokusai Global Sovereign Open Fund, Asia’s biggest bond fund, is sticking to the strategy that made last year its worst since 1999: betting against Japan’s currency.
Posted: January 13th, 2009 under News.
Tags: Australia dollar, bank of Japan, Citigroup World Government Bond Index, currency, Dollar, European Central Bank, Forex, Global Recession, Global Sovereign, Japan, Kokusai, RAte Cuts, volatility, Yen
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Euro to Drop on Economic Free Fall, Morgan Stanley’s Jen Says
By Ye Xie
Jan. 12 (Bloomberg) — The euro and developing-market currencies will weaken as the global economy enters a “free fall,” according to Stephen Jen, London-based chief strategist of the foreign-exchange and emerging-market sales and trading group at Morgan Stanley.
Posted: January 13th, 2009 under News.
Tags: currency, Economic Free Fall, Euro, Forex, Global Economy, Global Recession
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Euro Trades Near One-Month Low on ECB Outlook, Spain’s Rating
By Stanley White and Ye Xie
Jan. 13 (Bloomberg) — The euro traded near a one-month low versus the dollar as traders raised bets the European Central Bank will reduce interest rates, decreasing the appeal of the region’s assets to overseas investors.
Posted: January 13th, 2009 under News.
Tags: Bank of England, currency, Euro, European Central Bank, Federal Reserve, Forex, global economic, Global Recession, New Zealand Dollar, Nomura Trust and Banking Co. Ltd, Yen, Yield Spread
Comments: none