Archive for February 20th, 2009
Japan says forex stability needed for econ recovery
By Leika Kihara
TOKYO, Feb 20 (Reuters) - Japan needs to ensure its exchange rate market is stable to help its economy recover, the nation’s new finance minister said, as weakening global demand hits exports and pushes the world’s No. 2 economy deeper into recession.
Posted: February 20th, 2009 under News.
Tags: currency, Economy recover, European economies, Financial crisis, Forex, Global Economy, Global Recession, JApan's Economy
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Asia Currencies: Korea Won, Taiwan Dollar Lead Weekly Declines
By Lilian Karunungan
Feb. 20 (Bloomberg) — Asian currencies headed for their biggest weekly drop in three months, led by South Korea’s won and Taiwan’s dollar, on concern tumbling exports will drag more of the region’s economies into recession.
Posted: February 20th, 2009 under News.
Tags: currency, Forex, Global Economy, Global Recession, Indonesai's rupiah, Malaysian ringgit, Philippine peso, South Korea's Won, Taiwan's currency, Taiwan's dollar, thai bath, Vietnam's dong
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South Korean Won Falls to Three-Month Low on Recession Concern
By Bob Chen
Feb. 20 (Bloomberg) — South Korea’s won weakened beyond 1,500 per dollar for the first time in three months on concern falling exports will worsen a shortage of dollars and strain banks’ ability to repay debt.
Posted: February 20th, 2009 under News.
Tags: Asian Currencies, currency, emerging markets, foreign dbt payment, Forex, Global Economy, Global Recession, rising U.S, Seol Money Brokerage Services, south korea's bank, South Korea's Won
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Australia, N.Z. Dollars Set for 2nd Weekly Loss on Bank Concern
By Candice Zachariahs
Feb. 20 (Bloomberg) — The Australian and New Zealand dollars headed for a second weekly drop against the U.S. currency as concern over banks’ vulnerability to worsening eastern European economies pushed down higher-yielding assets.
Posted: February 20th, 2009 under News.
Tags: Australian Dollar, currency, Demand for Australia'sdollar, Eastern European economies, Forex, Global banking, Global Economy, Global Recession, japanese yen, Largest's trading partner, New Zealand Dollar, Treasury Department
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Dollar May Rise to Four-Month High Against Yen, Citigroup Says
By Ron Harui
Feb. 20 (Bloomberg) — The dollar may rise to a four-month high against the yen should it close above a so-called neckline at 94.65, Citigroup Inc. said, citing technical charts.
Posted: February 20th, 2009 under News.
Tags: citing technical charts, comodity, currency, Dollar, forecast changes, Forex, Global Economy, Global Recession, increasing signs, Yen
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