Tag: U.S. automakers
Australian, N.Z. Dollars Advance on Outlook for Fed Rate Cut
By Candice Zachariahs
Dec. 15 (Bloomberg) — The Australian and New Zealand dollars rose on speculation the Federal Reserve will cut interest rates at least half a percentage point tomorrow, increasing demand for higher-yielding assets.
Posted: December 15th, 2008 under News.
Tags: Australian Bureau of Agricultural and Resource Economics, Australian Dollar, Benchmark Rate, Comodity export, Currencies, Federal Reserve, Global Recession, National Bank Australia Ltd., New Zealand Dollar, Rate Advantage, Regional Stocks, Stock, U.S. automakers
Comments: none
Yen Rises as U.S. Automaker Bailout Lacks Republican Support
By Stanley White
Dec. 11 (Bloomberg) — The yen rose against the euro on speculation a lack of Republican support for a bailout of U.S. automakers will prompt investors to pare holdings of assets funded with Japan’s currency.
Posted: December 11th, 2008 under News.
Tags: Chrysler LLC, Currency Swaps, Dollar, Euro, General Motors Corp., Global Economy, Global Recession, mortgage, South Korea, Sumitomo Trust & Banking Co., U.S. automakers, U.S. Bailout, Yen
Comments: none