Banks step in as dollar tumbles
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A foreign currency dealer of the Korea Exchange Bank walks past a ...Source: Reuters -
An employee of a foreign exchange trading company looks at the rate of ...Source: Reuters -
Employee of foreign exchange trading company walks past the rate of ...Source: Reuters -
Man moves past electronic board displaying graph of movement of ...Source: Reuters -
An employee of the Korea Exchange Bank counts one-hundred-dollar notes ...Source: Reuters
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- News Source: Times Online | about 1 month agoThe ICE Futures US Dollar Index, which measures the dollar’s value against a basket of six currencies including the euro, the pound and the yen, fell to 75.767 points in trading yesterday, its lowest point since August last year. Suchada Kirakul,...
- News Source: Financial Times | about 1 month agoThe mainly south-east Asian countries have been spurred to defend the competitiveness of their currencies by China’s decision to, in effect, re-peg the renminbi to the dollar since July last year. Simon Derrick, at Bank of New York Mellon, in...
- News Source: BBC | about 1 month agoAsian countries are worried about their export industries, which would be hurt by a weaker dollar. Central banks in South Korea, Taiwan, the Philippines and Thailand have been buying the US currency, traders said. As signs of economic recovery begin...
- News Source: Financial Times | about 1 month agoTraders said most of the Asian central banks had been buying US dollars, with the Bank of Korea among the most active following a round of intervention by Seoul earlier in the week. Other central banks identified by traders as significant buyers of...
- Blog Source: willdearman.me“I don't think this is just notional, but I don't think they are massively intervening either,” said Adam Gilmour, a Citigroup managing director who is co-head of the bank's Asia Pacific foreign exchange and derivatives businesses. ...
- Blog Source: recording.roBanks step in as dollar tumbles. October 8th, 2009 Leave a comment Go to comments. Asian central banks intervene in the currency markets in an attempt to slow the slide of the US dollar. Read this article: Banks step in as dollar ...
- Blog Source: acc3ss.infoBanks step in as dollar tumbles. Asian central banks intervene in the currency markets in an attempt to slow the slide of the US dollar. Read the original here: Banks step in as dollar tumbles. Tags: bbc, business ...
- Blog Source: www.chrismartenson.comAsia steps in to support dollar. By Kevin Brown in Singapore, and Peter Garnham and Chris Giles in London. Published: October 8 2009 15:09 | Last updated: October 8 2009 20:43. Asian central banks intervened heavily in the currency ...
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- Blog Source: blog.taragana.comOil rises above $70 on weaker dollarNEW YORK — Energy prices climbed higher Thursday despite massive petroleum surpluses as the dollar got weaker and equities markets rose.
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