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March 2010
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Tag: Euro

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.

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.

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 [...]

Asian Currencies: Ringgit, Singapore Dollar Drop on Slowdown

By Lilian Karunungan and David Yong
March 4 (Bloomberg) — Malaysia’s ringgit traded near the weakest in three years and the Singapore dollar approached a two- year low on concern that a prolonged recession will undermine the region’s export-led economies.

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.

Australian Dollar Touches 1-Month Low; Interest-Rate Cut Looms

By Candice Zachariahs
March 3 (Bloomberg) — Australia’s currency slid to the weakest in a month against the U.S. dollar before a meeting where the central bank may cut borrowing costs to the least in 49 years. New Zealand’s dollar traded near a 6 1/2-year low.