Archive for February 5th, 2009
N.Z. Dollar Gains After Jobless Data; Australian Dollar Rises
By Candice Zachariahs
Feb. 5 (Bloomberg) — New Zealand’s dollar rose for a third day after the government reported jobless data that was better than some economists were expecting. The Australian currency also advanced.
Posted: February 5th, 2009 under News.
Tags: Australian Dollar, BHP Billiton Ltd., Commodities, currency, Forex, Global Recession, N.Z. Dollar
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Indonesia Holds Talks to Raise Currency Swap Limit With Japan
By Arijit Ghosh
Feb. 5 (Bloomberg) — Indonesia’s central bank is in talks with Japan to increase the size of its currency swap agreement from $6 billion to help bolster the rupiah, which slumped the most in eight years in 2008.
Posted: February 5th, 2009 under News.
Tags: Asian Currency, currency, Forex, Global Recession, Indonesia Rupiah
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Euro Trades Near 2-Month Low on Eastern Europe Economic Concern
By Ron Harui and Molly Seltzer
Feb. 5 (Bloomberg) — The euro traded near a two-month low against the dollar on speculation the economic slump in Eastern Europe will cause the 16-nation region’s recession to deepen.
Posted: February 5th, 2009 under News.
Tags: Bank of England, British Pound, currency, Eastern Europe Economy, ECB, Euro, Euro-zone, European Central Bank, Federal Reserve, Forex, Global Economy Crisis, Global Recession
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