Archive for January 29th, 2009
Ringgit, Rupiah, Peso Drop on Weak Growth Outlook; Won Advances
By Kim Kyoungwha and David Yong
Jan. 29 (Bloomberg) — Malaysia’s ringgit, Indonesia’s rupiah and the Philippine peso declined on speculation demand for emerging-market assets will wane as a global recession fans risk aversion. South Korea’s won strengthened.
Posted: January 29th, 2009 under News.
Tags: Asian Currencies, Bangko Sentral ng Pilipinas, Bank of Korea, Capital Outflows, currency, Euro, Federal Reserve, Forex, Global Recession, International Monetary Fund, The Asia Dollar Index
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Trichet Says ECB’s Next Important Rate Meeting Is In March
By Simone Meier and Francine Lacqua
Jan. 29 (Bloomberg) — European Central Bank President Jean- Claude Trichet said the bank’s next “important” meeting will be in March, suggesting policy makers will avoid the interest-rate cut some investors expect next week.
Posted: January 29th, 2009 under News.
Tags: Bank of England, currency, Deutsche Bank AG, ECB, European Central Bank, European Commission, European manufacturing and service industries, Federal Reserve, Forex, global financial crisis, Global Recession, International Monetary Fund, Royal Bank of Scotland, Swiss Central Bank, Wait-and-See-Policy
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Yen May Fall, Euro Rise as Risky Trades Revive, Citigroup Says
By Candice Zachariahs
Jan. 29 (Bloomberg) — The Japanese yen may weaken against the U.S. dollar and eight more of the world’s most-traded currencies as riskier foreign-exchange trades revive, Citigroup Inc. analysts said, citing technical charts.
Posted: January 29th, 2009 under News.
Tags: Citigroup, currency, ECB, Euro, Federal Reserve, Forex, Global Recession, greenback, Low Rates, Yen
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New Zealand Dollar Drops to 6-Year Low, Australia’s Also Falls
By Candice Zachariahs
Jan. 29 (Bloomberg) — New Zealand’s dollar dropped to a six-year low after the central bank cut interest rates by a larger-than-forecast 1.5 percentage point, reducing the appeal of the nation’s assets. The Australian currency also fell.
Posted: January 29th, 2009 under News.
Tags: Australian Central Bank, Australian Dollar, currency, Current Account Deficit, CUt Interest, Federal Reserve, Forex, Global Recession, New Zealand Dollar, RBA, Reserve Bank of New Zealand
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Yen Rises Against Dollar, Euro as Japanese Stocks Pare Gains
By Stanley White and Ron Harui
Jan. 29 (Bloomberg) — The yen rose from a one-week low against the dollar as U.S. stock futures fell and Japanese shares pared gains, fueling speculation investors will favor the currency as a haven from the credit crisis.
Posted: January 29th, 2009 under News.
Tags: Australian Dollar, currency, Currency Trading, Dollar, Euro, European Central Bank, Federal Reserve, Forex, Global Recession, Japanese Stocks Pare, New Zealand Dollar, U.S. Stock Futures, Yen
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