Archive for March 5th, 2009
Bank Indonesia Will Stay in Currency Market to Boost Confidence
By Shamim Adam
March 5 (Bloomberg) — Bank Indonesia will remain in the currency market to boost confidence in the rupiah, Deputy Governor Hartadi Sarwono said.
Posted: March 5th, 2009 under News.
Tags: Bank Indonesia, Currencies, currency market, Currency Trading, Federal Reserve, Forex, Forex Trading, Indonesia, Rupiah
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Asian Currencies: Won, Taiwan Dollar Advance on China Plans
By Lilian Karunungan and Patricia Lui
March 5 (Bloomberg) — South Korea’s won and Taiwan’s dollar led gains in Asian currencies as speculation China may unveil new plans to revive growth helped push up global equities.
Posted: March 5th, 2009 under News.
Tags: Asian Currencies, Asian stock, China Foreign Exchange Trade System, currency reserves, Currency Trading, Dollar, ECB, Euro, Forex, Forex Market, Forex Trading, Global Recession
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Australia, New Zealand Dollars Reach 1-Week Highs on China Plan
By Candice Zachariahs
March 5 (Bloomberg) — The Australian and New Zealand dollars advanced to the highest in a week on speculation China will add to $585 billion of stimulus plans, raising demand for commodities that comprise a majority of the two nations’ exports.
Posted: March 5th, 2009 under News.
Tags: Australian Dollar, currency, Currency Trading, Forex, Forex Trading, Global Recession, New Zealand Dollar
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Euro Weakens on Speculation ECB Will Signal Further Rate Cuts
By Ron Harui and Theresa Barraclough
March 5 (Bloomberg) — The euro fell, snapping two days of gains versl
The euro also headed for a fourth weekly loss versus the dollar before a report from the European Union’s statistics officethat economists say will reiterate the region’s economy shrank the most in at least 13 years last quarter. The [...]
Posted: March 5th, 2009 under News.
Tags: Currencies, Currency Trading, Dollar, Dollar index, ECB, Euro, European Currency, Forex, Forex Trading, Global economic slowdown, Global Recession, greenback
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