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Tag: New Zealand Dollar

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.

Australia, New Zealand Dollars Slide as Equities Touch New Lows

By Candice Zachariahs
March 6 (Bloomberg) — The Australian and New Zealand dollars fell as U.S. equities plunged and Australia’s stock benchmark headed for its lowest close in 6 1/2 years after China quelled speculation the government will add to its stimulus plan.

Australia, New Zealand Dollars Reach 1-Week Highs on China Plan

By Candice Zachariahs
March 5 (Bloomberg) — The Australian and New Zealand dollars advanced to the highest in a week on speculation China will add to $585 billion of stimulus plans, raising demand for commodities that comprise a majority of the two nations’ exports.

Euro Slides to One-Week Low as EU Rejects East Europe Aid Call

By Ron Harui
March 2 (Bloomberg) — The euro fell to a one-week low against the dollar after European Union leaders rejected calls to back an aid package for eastern Europe, fueling concern the financial crisis will deepen the 16-nation region’s recession.

Australia, N.Z. Dollars Fall as Equity Rout Damps Yield Demand

By Candice Zachariahs
Feb. 24 (Bloomberg) — The Australian and New Zealand dollars declined against the U.S. currency as a global rout in stocks damped demand for the nation’s higher-yielding assets.

Bringing Down House With Credit Default Swaps May Hit Yen Too

By Chris Fournier
Feb. 23 (Bloomberg) — Six months ago, Lee Hardman didn’t care how much it cost to protect government bonds from losses. Now the Bank of Tokyo-Mitsubishi UFJ Ltd. strategist studies derivatives that provide such insurance to predict currency moves — and he’s betting against the yen and the pound as a result.