Archive for January 27th, 2009
Australian Dollar May Drop to Record Versus Yen: Chart of Day
By Ron Harui and Candice Zachariahs
Jan. 27 (Bloomberg) — Australia’s dollar may fall to its weakest level against the yen as Japan’s deepening recession pushes the Nikkei 225 Stock Average toward a 26-year low.
Posted: January 27th, 2009 under News.
Tags: Australian Dollar, Commerzbank AG, currency, Forex, Global Recession, Group Treasury Asia, Nikkei, Stocks, Yen
Comments: none
Euro May Decline a Further 5% as Global Trade Slumps, UBS Says
By Candice Zachariahs
Jan. 27 (Bloomberg) — Investors should sell the euro against the dollar because it may fall 5 percent as global trade declines and a “risk premium” weighs on the 16-nation currency, UBS AG said.
Posted: January 27th, 2009 under News.
Tags: currency, Euro, European Economy, Forex, Global Recession, Global Trade, U.S. Current Account, UBS
Comments: none
U.S. Retail Sales May Post First Drop in 14 Years, Group Says
>By Allison Abell Schwartz
Jan. 27 (Bloomberg) — Sales at U.S. retailers may decline in 2009, the first annual drop in at least 14 years, as consumers continue to spend less and only purchase items that are discounted.
Posted: January 27th, 2009 under News.
Tags: currency, Dollar, Forex, Global Recession, Markdown Pressure, National Retail Federation, U.S. Retail Sales
Comments: none
CANADA FX DEBT-C$ takes advantage of US$ weakness
By Jennifer Kwan
TORONTO, Jan 26 (Reuters) - The Canadian dollar rose for a fourth straight session against the U.S. currency on Monday as commodity prices were largely firmer and a rise in equity markets diminished the U.S. dollar’s safe haven appeal.
Posted: January 27th, 2009 under News.
Tags: Canada FX Debt, Canadian Bond Prices, CIBC World Markets, Commodities, currency, Dollar, Forex, oil price
Comments: none
Australian, New Zealand Dollars Advance on Commodities, Stocks
By Candice Zachariahs
Jan. 27 (Bloomberg) — The Australian and New Zealand dollars advanced for a second day as investor appetite for higher-yielding assets improved after U.S. home sales revived and Barclays Plc said it won’t need further capital increases.
Posted: January 27th, 2009 under News.
Tags: Australian Dollar, Commodities, currency, Forex, Global Economy, Global Recession, New Zealand Dollar, Stock, The Reserve Bank of Australia, The Reserve Bank of New Zealand, U.S. Home Sales, US Stocks
Comments: none
Yen Falls a Second Day as Stock Gains Reduce Demand for Safety
By Stanley White
Jan. 27 (Bloomberg) — The yen weakened for a second day against the Australian dollar as gains in Asian stocks reduced demand for the currency as a haven from the financial crisis.
Posted: January 27th, 2009 under News.
Tags: Asian stock, Australian Dollar, Brazilian real, British Pound, currency, Dollar, Euro, Federal Reserve, Forex, Global Recession, Share, South African rand, Stock, Yen
Comments: none






