Tag: Dollar
Yuan Needs 3% Gain to Stop Exit of ‘Hot Money,’ Researcher Says
By Judy Chen
March 10 (Bloomberg) — China should let the yuan rise 3 percent against the dollar in 2009 to deter capital outflows and help the country make overseas acquisitions, saidWang Jian, a researcher affiliated with the nation’s top planning agency.
Posted: March 10th, 2009 under News.
Tags: Bailout, China Foreign Exchange Trade System, Currencies, Currency Trading, Dollar, Forex, Forex Market, Forex Trading, Global economic growth, Global Recession, Yuan
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Yen Drops for Third Day on Concern Japan’s Economy Is Worsening
By Yasuhiko Seki and Ron Harui
March 10 (Bloomberg) — The yen fell for a third day against the euro before government reports that analysts say will show Japan’s recession is deepening, reducing the appeal of the currency.
Posted: March 10th, 2009 under News.
Tags: Australian Dollar, Currencies, Currency Trading, Dollar, ECB, Euro, Forex, Forex Market, Forex Trading, Global Recession, New Zealand Dollar, Yen
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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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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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Australian Dollar Drops to One-Month Low After Economy Shrinks
By Candice Zachariahs
March 4 (Bloomberg) — Australia’s dollar fell to a one- month low after a government report showed the economy unexpectedly shrank last quarter, adding pressure on the central bank to resume interest-rate cuts. New Zealand’s dollar slid.
Posted: March 4th, 2009 under News.
Tags: Australian Dollar, Currencies, currency, Currency Trading, Dollar, Federal Reserve, Forex, Forex Market, Forex Trading, GDP, Global Recession
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Dollar Rises as Investors Seek Shelter After Australia GDP Data
By Ron Harui and Theresa Barraclough
March 4 (Bloomberg) — The dollar climbed to the highest level in more than three months against the euro after a government report showed Australia’s economy unexpectedly shrank last quarter, boosting demand for the U.S. currency as a refuge.
Posted: March 4th, 2009 under News.
Tags: Asutralian Dollar, Canadian Dollar, Currencies, currency, Currency Trading, Dollar, Dollar index, Euro, European Currencies, Federal Reserve, Forex, Forex Market, Forex Trading, FX, GDP, Global Recession, greenback, Swedish krona, Swiss Franc
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