Foreign Exchange Markets

NZ Reserve Bank mulls 150 point rate cut

Monday December 1, 2008, 3:50 pm The kiwi dollar had its wings clipped on Monday amid expectations a dovish Reserve Bank will cut interest rates by 1.5 percentage points later this week. Shortly after 8am, the kiwi was buying...

Why the Euro Is Set to Fall Further ...

Is anyone less thankful this year than last year? It's probably safe to bet on YES. I don't have to run through it all — we've been bludgeoned by all that's bad in the global economy and financial system all year long. And I'm...

Malaysian budget carrier AirAsia hit by forex, hedging write-offs

Singapore (Platts) -- 1Dec2008 -- Malaysian budget carrier AirAsia, which made news in November as the first airline in the region to completely scrap fuel surcharges, has reported a net loss of MR465.53 million ($124.80...

HK dollar eases slightly, interbank rates inch up

HONG KONG, Dec 1 (Reuters) - The following is a snapshot of the Hong Kong foreign exchange and money markets on Monday. Latest Previous Close * For more live quotes for forwards and interbank rates, click on. * The Hong Kong...

Australia commodity price index slips in Nov

SYDNEY, Dec 1 (Reuters) - The Reserve Bank of Australia's index of commodity prices fell for a third straight month in November when measured in special drawing rights, though a weak currency kept it at record highs in...

Daily Forex Technical Report - Dollar and Yen Mildly Firmer, Focus on Manufacturing Data

Action Insight Daily Report Dollar and Yen Mildly Firmer, Focus on Manufacturing Data Dollar and yen edge mildly higher as the week starts but the momentum is mild so far. Aussie and Kiwi are leading the decline on risk...

South African Markets - Factors to watch on Dec 1

JOHANNESBURG, Dec 1 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday. GLOBAL MARKETS Asian stocks...

Fed pledges gigantic bailout programme

Highlights Economic stimulus packages to help mitigate recession ECB set to slash interest rates Dollar unfazed by Fed policy The dollar plummeted temporarily this week; EUR-USD rose over 1.30 for the first time in a month. And...

S.Africa rand gains on dollar, stock futures dip

JOHANNESBURG, Dec 1 (Reuters) - South Africa's rand firmed against the dollar in early trade on Monday but stock futures edged down as gold dropped and despite Asian shares rising ahead of expected central bank moves to boost...

UPDATE 3-Nomura says to raise up to $4.3 bln in bonds

By Junko Fujita TOKYO, Dec 1 (Reuters) - Japanese broker Nomura Holdings Inc said on Monday it would issue up to 410 billion yen ($4.3 billion) worth of bonds in its first fund-raising since acquiring parts of failed investment...