Archive for January 28th, 2009
Yen Trades Near 1-Week Low on Prospect U.S. to Make ‘Bad Bank’
By Ron Harui and Stanley White
Jan. 28 (Bloomberg) — The yen traded near a one-week low against the dollar and the euro on speculation the U.S. will create an institution to remove toxic assets from banks’ balance sheets, reviving demand for higher-yielding assets.
Posted: January 28th, 2009 under News.
Tags: currency, Dollar, Euro, Federal Reserve, Forex, Global Recession, Krona, Krone, The Federal Deposit Insurance Corp, U.S. House Financial Services, Yen
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RPT-GLOBAL MARKETS-Asia shares gain, more Fed fix-it awaited
By Charlotte Cooper
TOKYO, Jan 28 (Reuters) - Asian shares rose on Wednesday, helped by gains on Wall Street, but Japan lagged as exporters such as Honda Motor Co (7267.T) lost ground on news that U.S. consumer confidence has slumped to record lows.
Posted: January 28th, 2009 under News.
Tags: Asia Shares, Australian Shares, British Pound, currency, Dollar, Dow Jones, Euro, Federal Reserve, Forex, Global Markets, Global Recession, Honda Motor, Korea Composite Stock Price Index, Nomura Holdings, SPX, U.S. Central Bank, Yen
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FOREX-Dollar up vs yen, dips vs euro before Fed decision
By Rika Otsuka
TOKYO, Jan 28 (Reuters) - The dollar edged up against the yen on Wednesday as an improved appetite for risk prompted investors to dump the safe-haven Japanese currency, while the dollar dipped versus the euro as players awaited the outcome of a Federal Reserve meeting.
Posted: January 28th, 2009 under News.
Tags: Asia Market, currency, Dollar, Euro, Federal Reserve, Forex, Global Recession, Japan Trust Bank, Nikkei, U.S. Trade, Yen
Comments: none