Archive for May, 2009
Indian rupee seen higher on firm regional peers
MUMBAI, June 1 (Reuters) – The Indian rupee is expected to open steady to higher on Monday, supported by the dollar’s weakness against majors and firmer regional shares that could boost foreign inflows. * However, traders will be wary of central bank …
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Aussie dollar opens above 80 US cents (The West Australian)
The Australian dollar on Monday opened above $US0.8000 for the first time in eight months after a surge in risk appetite as the safe-haven US dollar continued to weaken. At 700 AEST, the Australian d
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Aussie, Euro Surges vs USD
The dollar tumbled sharply against the Aussie, falling past the 0.80-handle for the first time since October. The greenback also struggled versus the euro, slipping to 1.4168 and the sterling, falling just shy of the 1.62-level. Crude oil extended …
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The crisis ‘“ buoyant interest rates, cheap cars and less heavy …
Sofia. 24 Chasa Daily asked a wide range of financial experts ‘“ from bankers, through economists and financiers, to brokers ‘“ to express their visions as to what the future holds for the country’s economy. Most of the inquired believe …
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Canadian dollar closed at 91.60 cents US, up 1.90 cents (Canadian Business)
TORONTO – The Canadian dollar closed at 91.60 cents US, up 1.90 cents on Friday. The U.S. dollar stood at 109.17 cents Canadian, down 2.31
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Chinese Yuan Rises From New Multi-Week Low Versus Dollar (Nasdaq)
(RTTNews) – In early Asian deals on Wednesday, the Chinese yuan fell to a new multi-Week low of 6.8415 against the U.S. dollar, but reversed direction by about 10:30 pm ET. At 12:50 am ET, the yuan reached a high of 6.8329 per dollar, compared to 6.8375 hit late New York Tuesday.
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Anatomy of the Dollar Collapse
The scale and speed of the dollar collapse has been spectacular. After all, something is dangerously wrong in international finance if the world’s reserve currency can lose 5 per cent of its value in a mere month. The old Chinese curse that ‘may …
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British pound falls to 4-day low against US dollar as stocks Drop
(RTTNews) – During early European deals on Tuesday, the British pound declined to a 4-day low against the US dollar as Britain’s top share index fell 0.8 percent in early today with investors nervous after reports that North Korea fired more short …
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Dramatic rise in Canadian dollar leaves Bank of Canada looking at …
TORONTO – Investors will be looking anxiously at the Canadian dollar this week to see if the rush towards parity for the first time in a year maintains momentum and to stock markets to see if the spring rally can be sustained. While the newfound …
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GCC investors turn to currency trade as option for investment
GCC investors invest an estimated $45 billion (Dh165.26bn) in currency trading monthly and the UAE has a share of 30 per cent, or $13.5bn, according to a study. The number of individual investors in the currency trading since the beginning of 2009 is …
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