Tag: Federal Reserve
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.
Posted: March 5th, 2009 under News.
Tags: Bank Indonesia, Currencies, currency market, Currency Trading, Federal Reserve, Forex, Forex Trading, Indonesia, Rupiah
Comments: none
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.
Posted: March 4th, 2009 under News.
Tags: Asian Currencies, Currencies, currency, currency reserves, Currency Trading, Euro, Federal Reserve, Forex, Forex Market, Forex Trading, FX, Global Recession, MSCI Asia-Pacific Index, Ringgit Malaysia, Singapore dollar
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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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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.
Posted: March 3rd, 2009 under News.
Tags: Currencies, currency, Currency Trading, Dollar, Euro, Federal Reserve, Forex, Forex Trading, FX, Global Recession, HSBC, Reserve Bank of Australia
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Korea Sees ‘Lumpy Road’ for Won, Bank Debt-Sale Delay (Update1)
By Sangim Han
Feb. 26 (Bloomberg) — South Korea expects continued volatility in the won, the world’s worst-performing major currency in the past year, further delaying bank sales of bonds to global investors, the Financial Services Commission said.
Posted: February 26th, 2009 under News.
Tags: currency, Currency Trading, Dollar, Euro, European Banks, Federal Reserve, Forex, Forex Trading, FX, Global Banks, Global Recession, IMF, Korea Development Bank, Won
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