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.
Posted: January 19th, 2009 under News.
Tags: Account Surplus, Asian Dollar, currency, Currency Trading, Forex, Global Recession, Lion Global, MSCI Asia-Pacific Index, RIsk Aversion
Comments: none
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.
Posted: January 19th, 2009 under News.
Tags: Bailout Plan, Bank of New York, British Pound, currency, Forex, Global Recession
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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.
Posted: January 19th, 2009 under News.
Tags: Commodities, currency, Dollar, Dollar index, Forex, Global Recession, ICE Futures, Stocks, Yen
Comments: none
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.
Posted: January 19th, 2009 under News.
Tags: Aid Plan, Australia dollar, Bailout, currency, Federal Reserve, Forex, Futures, Global Recession, New Zealand Dollar, RAte Cuts, Yen
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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 [...]
Posted: January 19th, 2009 under News.
Comments: none
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.
Posted: January 19th, 2009 under News.
Tags: Bank of America, British Pound, currency, Dollar, Euro, Forex, Global Recession, Swiss Franc, Yen
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