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Tag: currency market

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.

Australian, N.Z. Dollars Slip as Asia, U.S. Slumps Deepening

By Candice Zachariahs
Feb. 26 (Bloomberg) — The Australian and New Zealand dollars slid after government reports in Asia, Europe and the U.S. increased concerns the global recession is deepening.

U.K. Pound Most at Risk as Banks Cut Rates, Merrill Lynch Says

By Lukanyo Mnyanda
Dec. 17 (Bloomberg) — The pound may be most at risk among major currencies as the economic slump forces central banks to follow the example of the Federal Reserve, which cut its target interest rate to zero yesterday, Merrill Lynch & Co. said.

Australian, New Zealand Dollars Gain for Fourth Day on Rate Gap

By Candice Zachariahs
Dec. 18 (Bloomberg) — The Australian and New Zealand dollars advanced for a fourth day as investors bought the nations’ higher-yielding assets after the Federal Reserve cut interest rates to as low as zero on Dec. 16.

Euro, Pound Fall as Traders Bet on ECB, BOE Interest-Rate Cuts

By Ron Harui and Stanley White
Dec. 4 (Bloomberg) — The euro declined against the dollar and the yen on speculation the European Central Bank will cut interest rates by half a percentage point today, reducing the appeal of assets denominated in the currency.

Mexican Peso Falls to One-Week Low on Economic Growth Concern

By Valerie Rota
Dec. 1 (Bloomberg) — Mexico’s peso slid to a one-week low as mounting evidence the global economic slump is deepening curbed demand for higher-yielding securities.