Tag: Forex Market
Asian Currencies Gain, Led by Won, Taiwan Dollar as Stocks Rise
By Kim Kyoungwha
March 10 (Bloomberg) — Asian currencies strengthened, led by South Korea’s won and the Taiwan dollar, as stock gains helped draw funds to emerging markets.
Posted: March 10th, 2009 under News.
Tags: Asian Currencies, Currencies, Currency Trading, Forex, Forex Market, Forex Trading, Global Recession, Taiwan Dollar, The MSCI Asia Pacific
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Australian Dollar Rises From One-Week Low; N.Z. Dollar Declines
By Candice Zachariahs
March 10 (Bloomberg) — Australia’s dollar rose after touching a one-week low as rising domestic stocks revived demand for the currency. New Zealand’s dollar fell.
Posted: March 10th, 2009 under News.
Tags: Australian Dollar, Currencies, Currency Trading, Forex, Forex Market, Forex Trading, Global Recession, N.Z. Dollar, The Baltic Dry index, The Reserve Bank of New Zealand
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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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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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