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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.

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.

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.

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.

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.