Stiff Upper Lips and Large Rate Cuts
The positive reaction by the U.K. pound in relation to the euro, after both central banks reduced interest rates overnight, suggests a different outlook among foreign exchange investors. Among the major forex markets ... more,” says Ulrich Leuchtmann, head of forex research at Commerzbank in Frankfurt, Germany [more...]
Date: 2008-11-06 15:51:31
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HK dollar eases, interbank rates remain soft
The following is a snapshot of the Hong Kong foreign exchange and money markets on Tuesday ... . Another dealer at a European bank attributed the fall in part to the U.S. dollar’s strength ... market in the past few months aimed at keeping the Hong Kong dollar within its pegged trading band [more...]
Date: 2009-01-06 06:47:08
Is Gord benefitting from the recession upsides?
How key a factor is this in current poll ratings? We are told that 27,000 Woolworths staff are set to be losing their jobs in the New Year, ... on the foreign exchange markets and businesses up and down the country struggle with their banks ... the cost of a litre of diesel is now below the £1 mark, mortgage rates are at their lowest [more...]
Date: 2008-12-18 19:32:35
HK dollar inches lower, interbank rates ease
The following is a snapshot of the Hong Kong foreign exchange and money markets on Monday ... on Monday following the HKMA interventions aimed at keeping the Hong Kong dollar within its pegged trading ... in the longer-dated contracts, said a dealer at a Europea bank. MARKET/ECONOMIC NEWS >Stock market reports [more...]
Date: 2009-01-05 06:33:52
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