Tag: Benchmark Rate
Dollar Falls Toward 2-Month Low Against Euro After Fed Rate Cut
By Stanley White
Dec. 17 (Bloomberg) — The dollar fell toward a two-month low against the euro after the Federal Reserve cut its target interest rate to as low as zero, making the greenback the lowest-yielding currency among industrialized nations.
Posted: December 17th, 2008 under News.
Tags: Bank of England, Benchmark Rate, Bristish BAnkers' Association, British Pound, Dollar, Dollar index, ECB Rates, Euro, Federal Reserve, Financial crisis, G7, Global Markets, Global Recession, greenback, London interbank, Yen
Comments: none
Australian, N.Z. Dollars Advance on Outlook for Fed Rate Cut
By Candice Zachariahs
Dec. 15 (Bloomberg) — The Australian and New Zealand dollars rose on speculation the Federal Reserve will cut interest rates at least half a percentage point tomorrow, increasing demand for higher-yielding assets.
Posted: December 15th, 2008 under News.
Tags: Australian Bureau of Agricultural and Resource Economics, Australian Dollar, Benchmark Rate, Comodity export, Currencies, Federal Reserve, Global Recession, National Bank Australia Ltd., New Zealand Dollar, Rate Advantage, Regional Stocks, Stock, U.S. automakers
Comments: none
Swiss Central Bank May Reduce Benchmark Rate as Economy Weakens
By Joshua Gallu
Dec. 11 (Bloomberg) — The Swiss central bank will probably reduce interest rates to a four-year low today, extending its biggest-ever round of cuts as the economy edges closer to recession.
Posted: December 11th, 2008 under News.
Tags: Benchmark Rate, Economic Recession, European Banks, Financial crisis, Swiss Central Bank, Swiss National Bank
Comments: none