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Archive for January 19th, 2009

Asian Dollar Debt Still Attractive, Lion Global Says (Update1)

By Patricia Lui
Jan. 19 (Bloomberg) — Asia’s dollar bonds are still attractive after a three-month rally because regional economies are stronger than those of the U.S. and Europe, said Lion Global Investors Ltd.

Pound ‘Looking Exposed’ on Bailout Plan, Bank of New York Says

By Gavin Finch
Jan. 19 (Bloomberg) — The pound will fall against the dollar after Chancellor of the Exchequer Alistair Darling proposed measures to guarantee up to 100 billion pounds ($147 billion) of mortgage-backed debt and other toxic assets, according to Bank of New York Mellon Corp.

Jim Rogers Says Worried About Dollar, Favors China (Update1)

By Chua Kong Ho and Nipa Piboontanasawat
Jan. 19 (Bloomberg) – Jim Rogers, chairman of Singapore- based Rogers Holdings, said investors should be “worried” about the U.S. dollar, and recommended selling government bonds and buying raw materials, China stocks and the yen.

Australia, N.Z. Dollars Near 1-Week High Versus Yen on Aid Plan

By Candice Zachariahs
Jan. 19 (Bloomberg) — The Australian and New Zealand dollars advanced to the highest in a week against the yen as equities gained on speculation that the U.S. will expand plans to aid the financial system.

U.K. Pound Recovers Losses Against Euro, Trades at 90.08 Pence

By Daniel Tilles

Jan. 19 (Bloomberg) — The British pound pared its losses against the euro, trading at 90.08 pence as of 11:28 a.m. in London, after weakening to 90.84 pence.
Against the dollar, the pound slipped 0.3 percent to $1.4693.
To contact the reporter on this story: Daniel Tilles in London atdtilles@bloomberg.net
Last Updated: January 19, 2009 06:30 [...]

Yen Falls on Speculation U.S. Plan Will Inject Funds Into Banks

By Ron Harui
Jan. 19 (Bloomberg) — The yen fell to its lowest in more than a week against the dollar on speculation U.S. President- elect Barack Obama is likely to back a financial-rescue effort that injects capital into banks.