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Currency news from around the World
Keep up-to-date with the latest world currency news from around the globe. This page is updated on a regular basis with headlines and stories from different international news corporations.
For a more indepth overview of the major currencies and how they are performing vist our Daily Marketing report page or sign-up for the same report and have it delivered straight to your inbox every morning.
Headline Currency News
14th October 2008
Global Stocks Climb, Oil Advances; Citigroup, SocGen Lead Gains
Stocks climbed worldwide, driving the MSCI World Index to its biggest two-day gain on record, after the U.S. said it will invest about $125 billion in nine banks. Japan's Nikkei 225 Stock Average jumped the most ever. More - Bloomberg
President Bush poised to follow UK with $250bn seizure of bank stakes
President Bush is today expected to unveil firm plans to use $250 billion worth of US taxpayer funds to seize stakes in nine of America’s biggest banks as part of a move to stabilize the US banking system. More - Times Online
Nikkei Soars 14%, Posts Biggest-Ever One-Day Gain
Tokyo's Nikkei index soared more than 14% as investors swarmed back into the market Tuesday and sent the index to its biggest-ever one-day gain, as the sharp rebound in Wall Street overnight yanked the market out of last week's doldrums following a public holiday Monday. More - Wall Street Journal
13th October 2008
Australian Currency's Fall Appears Set To Continue
Panic in financial markets has turned the Australian dollar into one of the world's worst-performing currencies in recent weeks, with its prospects of a recovery hinging closely on calm returning to global exchanges. More - Wall Street Journal
Euro Rises Most in 3 Weeks as European Leaders Guarantee Banks
The euro rose the most in three weeks against the dollar after European leaders agreed to guarantee bank borrowing and prevent failures that would disrupt credit markets. More - Bloomberg
Is this the end of the American era?
A few nights ago, having read far too much about the alarming drop of share prices on Wall Street, I fell asleep trying to remember those lines from Shelley’s Ozymandias that were drummed into my skull at school long ago: . . . More - Times Online
9th October 2008
Australian Dollar Takes Steep Dive As Investors Pull Back From Risk
The Australian dollar went into free fall Wednesday as global growth concerns intensified and investors fled to currencies they saw as safer. More - Wall Street Journal
Yen Tumbles as Global Interest-Rate Cuts Revive Risk Appetite
The yen had its biggest decline against the euro in almost eight years as a flurry of central bank interest-rate cuts helped arrest a slump in stocks, bolstering demand for higher-yielding assets funded in Japan. More - Bloomberg
Iceland lets currency find own level and prepares for Russian loan negotiations
Iceland's central bank abandoned all attempts to shore up its battered currency last night as the country prepared to start loan talks with Russia and tried to quell a growing diplomatic row with Britain over savings deposits. More - Timesonline
6th October 2008
Euro Falls to 13-Month Low as Credit Crisis Spreads to Europe
The euro fell to a 13-month low against the dollar and the weakest in two years versus the yen as the deepening credit crisis prompted European governments to pledge bailouts for troubled banks. More - Bloomberg
Canadian currency mixed against majors
The Canadian dollar showed mixed performance against its major rivals in early Asian trading on Monday. RTT News
US Dollar Doomed as Credit Crisis Turning into a Currency Crisis
When the precious metals were smashed out of nowhere and the dollar started climbing this summer I became very worried. I didn't question my conviction that commodities are in a bull market, or that precious metals in particular are undervalued. The Market Oracle
1st October 2008
India Working on Relaxing Currency Trading Rules, Bhave Says
Securities and Exchange Board of India Chairman C.B. Bhave said the regulator and central bank are working on relaxing currency trading restrictions. More - Bloomberg
Dollar dips vs euro after surge on bailout hope
The dollar dipped slightly against the euro on Wednesday a day after it surged on hopes that U.S. lawmakers could still reach agreement to revive a $700 billion bank bailout plan to stem the credit crisis. More - Reuters
Rise of yuan - where now for China's currency?
Coming back from a short business trip to Hong Kong, Clare Hu opened her purse and found that she had unintentionally spent half of her monthly salary while browsing through shops and department stores there. More - News.cn
30th September 2008
Europe braces for grim day
European shares fall at the open on Tuesday as investors are given their first opportunity to react to the rejection of a U.S. plan designed to bailout financial markets. Banks extend Monday's sharp losses. More - Marketwatch
Yen Rises Against Euro as U.S. Lawmakers Vote Down Rescue Plan
The yen rose to its highest in almost two weeks against the euro on concern U.S. lawmakers' rejection of a $700 billion bank rescue plan will cause credit losses to mount, curbing demand for higher-yielding assets. More - Bloomberg
Dollar off highs as bailout plan fails
The dollar came well off earlier highs and fell sharply against the yen Monday, as the U.S. House of Representatives rejected a proposed $700 billion financial bailout package. More - Marketwatch
29th September 2008
Outlook for Dollar Dims
Trouble may come to the U.S. dollar this week, despite its ability so far to avoid the massive problems experienced by other markets. More - Wall Street Journal
Credit crunch crimps Latam commodities producers
Cracks are appearing in the veneer of Latin American commodities, as producers of much of the world's metals, pulp, grains, coffee, sugar, orange juice and meats feel the stress of global market turmoil. More - Guardian.co.uk
India - Currency Futures Yet to Gain Momentum
Exactly a month ago, trading in currency futures was launched in India on the National Stock Exchange. This was a great leap forward to the capital account convertibility. The exchange rate, regarded as sacrosanct in bad old days of exchange controls and shortages, is now on the threshold of being fully market determined. More - Khaleej Times Online
26th September 2008
Dollar Falls, Set for Weekly Decline, as U.S. Debates Rescue
The dollar fell, heading for a second weekly decline against the yen, as U.S. lawmakers disagreed over a finance industry rescue plan and Washington Mutual Inc. became the nation's biggest bank to collapse. More - Bloomberg
Short-selling’ church leaders accused of failing to practise what they preach
The Church of England was accused last night of having used short-selling to maximise profit on a £5 billion investment hours after its archbishops criticised banking practices. More - TimesOnline
Yen Declines as Bailout Plan Spurs Demand for Higher Yields
The yen declined versus the euro on speculation Congress will pass a $700 billion U.S. financial bailout, encouraging traders to buy higher-yielding assets funded by low-cost loans in Japan. More - Bloomberg | 
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