Currency
Home > Trade Currency Information > Trade Currency News

Trade Currency News

  • 'Buy USA' push may see America slip from free trade church Wednesday, January 7, 2009 @ 1:11AMThe global system of free trade is threatened by the rise of new protectionism writes Ambrose EvansPritchard.
  • UPDATE 1-Indonesia c.bank cuts key rate by 50 bps Wednesday, January 7, 2009 @ 1:07AM(Adds quotes, details) JAKARTA, Jan 7 (Reuters) - Indonesia's central bank, Bank Indonesia, cut its benchmark interest rate more than expected to 8.75 percent, in a bid to drive growth amid a global economic slowdown and as inflationary pressures ease.
  • Rupee up 27 paise against dollar Wednesday, January 7, 2009 @ 12:52AMThe Indian rupee appreciated by 27 paise against the greenback in early trade today following dollar selling by exporters amid fresh capital inflow on expectations of higher opening on the bourses in line with firming global equity markets.
  • Asia Money Managers Warm to Company Debt as Yields Shout `Buy' Wednesday, January 7, 2009 @ 12:51AMJan. 7 (Bloomberg) -- Asian corporate bonds, which plunged to record lows last year, are attracting money managers again as investors anticipating a glut of new sovereign paper switch out of lower yielding government securities.
  • Where To Ditch Old Videogames Tuesday, January 6, 2009 @ 11:52AMGameStop has long been the king of the used games market, but other options are cropping up.
  • Brazil industrial output falls on slowing economy Tuesday, January 6, 2009 @ 11:51AMBrazilian industrial production fell the most in seven years in November as the global financial crisis sapped credit and demand for exports, the government said Tuesday. Industrial output fell 6.2 percent over the same month in 2007, the steepest drop since...
  • Brazil industrial output falls on slowing economy Tuesday, January 6, 2009 @ 11:41AMRIO DE JANEIRO, Brazil (AP) — Brazilian industrial production fell the most in seven years in November as the global financial crisis sapped credit and demand for exports, the government said Tuesday.
  • (AFX UK Focus) 2009-01-06 15:58 INDICATORS - Czech Republic - January 6 Tuesday, January 6, 2009 @ 11:31AM(last updated on Jan 2 with 2008 state budget) -------------------------------------------------------------------------------
  • Polish zloty gains 2.7pct vs euro, breaks key level Tuesday, January 6, 2009 @ 11:23AMWARSAW, Jan 6 (Reuters) - Poland's zloty gained 2.7 percent on Tuesday and broke the key level of 4.0 zlotys against the euro thanks to improved market sentiment, dealers said.
  • WRAPUP 2-Euro area inflation dives, boosts ECB rate cut bets Tuesday, January 6, 2009 @ 11:23AMBRUSSELS, Jan 6 (Reuters) - Euro zone inflation plunged more than expected to a 26-month low in December as the economy slowed sharply, data showed on Tuesday, knocking back the euro on expectations of a deep ECB rate cut next week.
  • Tempers Rise Over Trade With China Tuesday, January 6, 2009 @ 12:31AM
  • Wyeth to Present at the Goldman Sachs Healthcare CEOs Unscripted Conference Monday, January 5, 2009 @ 10:32AM Wyeth announced today that it will present at the Goldman Sachs Healthcare CEOs Unscripted Conference on Wednesday, January 7, 2009 at 8:05 a.m. Eastern Time.
  • (AFX UK Focus) 2009-01-05 15:02 Glance-STOCKS NEWS EUROPE-Shares stay higher despite weaker Wall St Monday, January 5, 2009 @ 10:30AMSTOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News
  • EU to meet Russia officials over gas worries Monday, January 5, 2009 @ 10:24AMMOSCOW/KIEV (Reuters) - The European Union on Monday scheduled talks with Russia to press for a speedy resolution of a dispute with Ukraine that has hit gas supplies to countries in eastern and southern Europe facing freezing temperatures.
  • Danish Dec foreign reserves rise by 39.9 bln DKK Monday, January 5, 2009 @ 10:23AMCOPENHAGEN, Jan 5 (Reuters) - Denmark's foreign exchange reserves rose by 39.9 billion Danish crowns ($7.46 billion) to 212.7 billion in December, the central bank said on Monday.
  • Broadest measure of US trade deficit falls in 3Q Monday, January 5, 2009 @ 10:16AMWASHINGTON - The deficit in the broadest measure of American trade fell more than expected in the third quarter and the declines are likely to intensify as the U.S. recession and falling oil prices sharply narrow the trade gap.
  • Polish Zloty Rises Against Euro as Stocks Gain Most in a Month Monday, January 5, 2009 @ 10:10AMJan. 5 (Bloomberg) -- The Polish zloty rose against the euro, supported by the biggest gains on the Warsaw bourse in almost one month. The zloty advanced as much as 1.8 percent to 4.1005 per euro and traded at 4.1329 at 4:01 p.m. in Warsaw.
  • Copper slips on strong dlr; equities offer some support Monday, January 5, 2009 @ 10:08AMLONDON - Copper reversed earlier gains to slip nearly 4 percent on Monday, as a firmer dollar weighed but stronger equity markets offered a little optimism and helped limit further losses on the second day of new year trading.
  • Gold slips 3 pct on stronger dollar Monday, January 5, 2009 @ 10:07AMLONDON - Gold fell 3 percent in Europe on Monday as a stronger dollar knocked the metal's appeal as a currency hedge and oil prices retreated from highs.
  • Asian stocks rally on economic recovery hopes Sunday, January 4, 2009 @ 11:10PMTOKYO (AFP) - Asian stocks rose on Monday, with Tokyo hitting the highest level for almost two months as investors hoped that the US economy would start to recover this year after a dire 2008.
  • Asian stocks rally on economic recovery hopes Sunday, January 4, 2009 @ 11:08PMCurrency traders in Kimonos start the new business year at the Tokyo Forex market on January 5. Asian stocks rose on Monday, with Tokyo hitting the highest level for almost two months as investors hoped that the US economy would start to recover this year after a dire 2008.
  • Hong Kong Monetary Authority Added HK$1.94 Billion to System Sunday, January 4, 2009 @ 10:37PMJan. 5 (Bloomberg) -- The Hong Kong Monetary Authority added HK$1.94 billion ($250 million) to the financial system during New York trading hours on Dec. 31 to prevent the city’s currency from strengthening beyond its fixed exchange-rate band.
  • Gains expected on domestic market Sunday, January 4, 2009 @ 5:29PMThe Australian share market is expected to open higher today after Wall Street's strong start to the year.
  • ShareChat News: NZ dollar rises as commodity prices firm in New Year Sunday, January 4, 2009 @ 5:26PMThe New Zealand dollar gained as prices of commodities strengthened, making the currencies of producer nations such as Australia and New Zealand more attractive.
  • Indonesia, Philippines, Korea, Taiwan: Asia Local Bond Preview Sunday, January 4, 2009 @ 5:25PMJan. 5 (Bloomberg) -- The following events and economic reports may influence trading in Asian local-currency bonds today. Yields are from the previous session.
  • (AFX UK Focus) 2009-01-04 03:53 SNAPSHOT - Financial Crisis - 0335 GMT Saturday, January 3, 2009 @ 11:14PMFactories cut output, jobs around world. European carmakers show weak data. U.S. factory activity falls to 28-year low in Dec Ford sees drop in U.S. sales.
  • Mnuchin Leads Private-Equity Funds to Buy Failed IndyMac Bank Saturday, January 3, 2009 @ 10:30AMJan. 3 (Bloomberg) -- Private-equity investors led by Steven Mnuchin , a former Goldman Sachs Group Inc. executive, agreed to buy IndyMac Bank from the Federal Deposit Insurance Corp.
  • Exporters to get more loans, duty drawback rates hiked Saturday, January 3, 2009 @ 4:32AMThe government today conceded to two major demands of exporters with a view to make Indian products competitive in international markets at a time global demand is shrinking and other exporting countries are resorting to similar export incentives.
  • Asia Currencies: Won, Indian Rupee Have Weekly Loss on Slowdown Saturday, January 3, 2009 @ 3:37AMJan. 3 (Bloomberg) -- South Korea’s won and India’s rupee led losses in Asian currencies this week on concern a deepening global recession will hurt the region’s exports.
  • Seoul shares to trade lower amid bleak outlook: analysts Saturday, January 3, 2009 @ 2:30AMSEOUL, Jan. 3 (PNA/Yonhap) -- South Korean stocks are forecast to trade lower next week amid falling exports and lack of signs pointing to an economic recovery, analysts said Saturday.
  • Exporters to get more loans, duty drawback rates hiked Saturday, January 3, 2009 @ 1:57AMThe government on Friday conceded to two major demands of exporters with a view to make Indian products competitive in international markets at a time global demand is shrinking and other exporting countries are resorting to similar export incentives.
  • Mnuchin, Paulson & Co. in Group Buying IndyMac Bank (Update2) Friday, January 2, 2009 @ 7:05PMJan. 2 (Bloomberg) -- Investors led by Steven Mnuchin , a former Goldman Sachs Group Inc. executive, agreed to buy IndyMac Bank from the Federal Deposit Insurance Corp.
  • MoC sets conditions for live animals export Friday, January 2, 2009 @ 6:41PMExport will be limited to individual type-specific quantitative ceilings for each type of animal ie sheep, goat, cow and buffalo (separately for male and female animals of each type) to be determined by the committees constituted: (b) basis of exports will be in accordance with the Export Policy Order (EPO) 2008; (c) exports will be allowed only against convertible currency remitted through ...
  • A Rebound In Liquidity May Put Risk And Carry Trade Interests Back On Pace Friday, January 2, 2009 @ 6:28PMThe new year has begun; and the impending rebound in liquidity promises to redefine direction for risk sentiment and its dependable barometer – the carry trade.
  • 1/2/2009 5:11:00 PM US Stocks Rally; Energy, Commodities Strong Friday, January 2, 2009 @ 6:21PMNEW YORK (Dow Jones)--U.S. stocks continued to trade higher in light volume Friday, as a gain of more than 250 points in the Dow Jones Industrial Average pushed the bellwether index above a key emotional resistance level of 9000.
  • South Korea’s Exports Decline 17.4% in December (Update1) Thursday, January 1, 2009 @ 8:21PMJan. 2 (Bloomberg) -- South Korea’s exports fell more than 15 percent for a second straight month in December, adding to signs the economy is headed for its first recession since 1998.
  • Eastday Thursday, January 1, 2009 @ 8:14PMTurkish Central Bank put into circulation the country's new currency the "Turkish Lira" (TL) at the beginning of 2009, replacing the "New Turkish Lira" (YTL), the semi-official Anatolia news agency reported Thursday.
  • Small steps key to UK's G20 success Thursday, January 1, 2009 @ 7:21PMLONDON: Britain should shelve ambitions to remake the world's financial structures as chair of the G20 this year and focus first on curbing protectionism, currency volatility and what should follow a volley of stimulus measures.
  • 50 years of Castro Thursday, January 1, 2009 @ 7:11PM With a nose ring and a mop of black curls, Gorki is an unhappy child of Fidel Castro's Communist Revolution. The punk rocker, who is passing into middle age, sat in his sparsely furnished flat in Havana yesterday contemplating the viciousness of his recent punishment: four years of hard labour for irritating the neighbours by holding band practice at home.
  • Unwinding of carry trades triggers yen’s surge Thursday, January 1, 2009 @ 5:57PMThe yen soared and the pound was hammered in a year of exceptional volatility for international currency markets.
  • Nov exports reel under crisis ripple effect; negative trend continues Thursday, January 1, 2009 @ 2:57PMExports continued to look southward in November 2008. The overseas sales during the month fell 9.9% to $11.5 billion from $12.7 billion a year ago due to contraction in demand in the United States and the Europe.
  • Exports dip 10 % in dollar terms in November Thursday, January 1, 2009 @ 2:49PMTrade deficit for April-November mounts to $84.34 billion
  • Planters’ Association hails bail out package Thursday, January 1, 2009 @ 2:39PMPlanters’ Association of Sri Lanka Chairman and Agrapatana Plantations Director G.D.V. Perera said the Association was pleased about the bail out package to be provided by the Government at reduced interest rates, which he said, that the industry was made to understand was for a month where the working capital was to be tied to the current crisis.
  • About ACU Thursday, January 1, 2009 @ 1:39PMAsian Clearing Union (ACU) was floated in 1975 under the aegis of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) for expansion of intra-ACU trade; encourage use of participants’ currencies for transactions, thereby economising on the use of their foreign exchange reserves; and monetary co-operation and closer relations between the banking systems.
  • Hu, Bush hail 30 years of Sino-US ties: state media Thursday, January 1, 2009 @ 1:12PMBEIJING (AFP) - Chinese President Hu Jintao and US counterpart George W. Bush have exchanged congratulations on the 30th anniversary of diplomatic ties and vowed even closer relations, state media reported.
  • UPDATE 1-Belarus devalues rouble, hikes rate after IMF deal Thursday, January 1, 2009 @ 1:07PMMINSK, Jan 1 (Reuters) - Belarus will devalue its rouble currency by 20 percent as of Jan. 2 and raise its key refinancing rate, its central bank said on Thursday, a day after the country struck a deal with the IMF for a $2.5 billion loan.
  • Shyam Ponappa: Cut Interest Rates To Revive Growth Thursday, January 1, 2009 @ 9:32AMSignificant interest rate cuts can deliver price cuts and revive growth. India managed 8.8 percent growth annually for five years. “If it could keep this up, India would be transformed, as China has been,” says The Economist.*
  • 'Zim's illegal forex dealers hit hard times' Thursday, January 1, 2009 @ 8:41AMFewer people are reportedly changing their hard currency into Zimbabwe dollars.
  • Leafs letting Moore skate forward, again Thursday, January 1, 2009 @ 7:59AMWith a game awaiting against the Buffalo Sabres tonight at the Air Canada Centre, Dominic Moore wasn't planning to ring in the New Year with any serious volume.
  • Global meltdown sends India's exports into negative terrain Thursday, January 1, 2009 @ 7:17AMIndia's exports fell by 9.9 per cent in November 2008 under the impact of declining consumer demand in the US and other major global markets, with negative growth for the second month running and widening monthly trade deficit by over $10 billion.