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Archive for January 22nd, 2009

Yen Climbs Toward Record High Versus Pound on U.K. Bank Concern

By Ron Harui
Jan. 22 (Bloomberg) — The yen rose toward a record high against the pound on speculation the deepening financial crisis will force the U.K. government to nationalize banks.

Australian, New Zealand Dollars Advance as Equities Rebound

By Candice Zachariahs
Jan. 22 (Bloomberg) — The Australian and New Zealand dollars advanced for the first time in three days as a rebound in U.S. stocks fueled speculation investors will be keener to purchase higher-yielding assets.

Canada’s Dollar Rises From Six-Week Low as Crude Oil Advances

By Chris Fournier
Jan. 21 (Bloomberg) — Canada’s dollar rose from a six-week low against its U.S. counterpart as an advance in crude oil prices increased the currency’s appeal.

Buy Euro Versus Swiss Franc on Central Bank Sales, Goldman Says

By Candice Zachariahs and Matthew Brown
Jan. 22 (Bloomberg) — Investors should buy the euro against the franc after Swiss National Bank Vice President Philipp Hildebrand signaled officials may sell their currency to curb its appreciation, Goldman Sachs Group Inc. said.

Indian Rupee to Extend Losses as Volatility Rebounds, BNP Says

By Anil Varma
Jan. 22 (Bloomberg) — Volatility in India’s rupee will rebound from a four-month low as the currency declines on sales of the nation’s assets by overseas funds, BNP Paribas SA said.