Tag: Bank of America Corp.
Argentine Peso Worst Latin Currency on Devaluation
By Drew Benson
Jan. 13 (Bloomberg) — Argentina is starting to catch up with Brazil in devaluing its currency, helping Buenos Aires yarn makerMarcelo Prim at the risk of igniting inflation and a run on the nation’s banks.
Posted: January 14th, 2009 under News.
Tags: Argentine Peso, Bank of America Corp., Bank of International Settlements, Barclyas Capital, Commodities Tumble, Credit Suisse Economist, currency, Dollar, Federal Reserve, Forex, Global Recession, Latin Currency, UBS Bloomberg
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Australia, N.Z. Dollars Fall With Equities on Recession Concern
By Candice Zachariahs
Dec. 24 (Bloomberg) — The Australian and New Zealand dollars declined as Asian stocks fell for a fourth day, damping demand for higher-yielding assets.
The currencies weakened as reports showed U.S. home prices plunged at the fastest pace in at least four decades and confidence among Japanese manufacturers declined the most on record. A [...]
Posted: December 24th, 2008 under News.
Tags: Asian stocks, Australian Dollar, Bank of America Corp., currency, Custom House Global Foreign Exchange, Global Recession, Japan, New Zealand Dollar, RBC Capital Markets, Westpac Banking Corp.
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