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.
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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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.
Posted: March 6th, 2009 under News.
Tags: Australia stocks, Australia's economy, Australian Dollar, currencies trading, currency, Currency Trading, Forex, Global Economy, Global Recession, Gross domestic product, New Zealand Dollar, trade balance, Treasury Department
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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.
Posted: March 5th, 2009 under News.
Tags: Australian Dollar, currency, Currency Trading, Forex, Forex Trading, Global Recession, New Zealand Dollar
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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.
Posted: March 2nd, 2009 under News.
Tags: Asian stocks, Australia's dollar, currencies trading, currency, Currency Trading, Eastern Euroe's problems, Economic crisis, Euro, European Union, Financial crisis, Forex, Forex Market, Global Economy, Global Recession, Japan's currency, New Zealand Dollar, U.S currencies
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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.
Posted: February 24th, 2009 under News.
Tags: Australian Dollar, Central Bank, currencies trading, currency, Currency Trading, Forex, Global Economy, Global Recession, LOw-cost funds, New Zealand Dollar, U.S. Currency
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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.
Posted: February 23rd, 2009 under News.
Tags: American International Group Inc., BNP Paribas, British Pound, Canadian Dollar, CDS Market, currency, Currency Pair, Dollar, equities and commodities, Forex, Forex Market, Forex Trading, Global Market, Global Recession, Lehman Brothers Holdings Inc, New Zealand Dollar, Regulatory Reform, the Bank of Tokyo-Mitsubishi UFJ Ltd., Wall Street, Yen
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