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Showing 291 - 300 of 365 results for "Exchange Rate"

Goldman Sachs backs Greek swap deal

COMPANY RELEASE  |  TUESDAY, 23 FEB 2010
... currency swaps and restructured its cross currency swap portfolio with Goldman Sachs at a historical implied foreign exchange rate. These transactions cut Greece's foreign denominated debt in Euro by more than A$3 billion, lowering the country's debt ...

Good For China

BENJAMIN ONG  |  THURSDAY, 14 JAN 2010
... slowing. It would take more upward 'guidance' to significantly slow the economy, especially given the undervalued yuan exchange rate. This is because the cheap currency continues to be supportive of growth and more than offsets the still insignificant ...

The Art of War

BENJAMIN ONG  |  THURSDAY, 19 NOV 2009
'Twas another boring day on the Street last night. News out of America showed continued weakness - or is it renewed weakening - in housing and behaved consumer price inflation. Both of which bolster the argument that the Fed will be easy for how much ...

Ganging up on greenback

BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2009
... are putting downward pressure on the US dollar. Naturally, America's neighbours are not happy because through the exchange rate, it is exporting its problems to them. The strongest voice of course is coming from its biggest creditor - China. A couple ...

Vote of confidence

BENJAMIN ONG  |  TUESDAY, 29 SEP 2009
... rates that would dampen property, higher credit rates that would weaken investment and consumer spending, higher A$ exchange rate that would lessen export earnings, etcetera, etcetera, etcetera and one more...etcetera. For sure, Australian interest rates ...

Greenback weakness not all good

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2009
... exporters would become more competitive in the international market. Offshore earnings would be boosted by the weaker exchange rate when converted back into the US denomination. Normally by this time, financial markets would be listening to admonitions ...

Aussie dollar rises to restore equilibrium

BENJAMIN ONG  |  TUESDAY, 8 SEP 2009
... currency movements during periods of uncertainty is well...a mug's game. The recent surge in the Australian dollar's exchange rate versus the American greenback has most investors taking notice and is feeding the gossip mills. And why not? The Aussie ...

Not bullish enough, maybe

BENJAMIN ONG  |  MONDAY, 31 AUG 2009
... weighted index has appreciated by around 26.5 per cent since it hit a 2009 low of 52.4 last 2 February. A rising exchange rate serves as a de facto tightening of monetary policy. This is because - like interest rates - they play a role in determining ...

Slippery - watch your step

BENJAMIN ONG  |  THURSDAY, 11 JUN 2009
... crude is done in US dollars. Oil prices go up when the US$ goes down to compensate producers for the decline in the exchange rate. And of course, all these are magnified by speculation. Continued escalation in crude oil has the potential to become a ...

Good news in inaction

BENJAMIN ONG  |  TUESDAY, 9 JUN 2009
Is this the beginning of the end? Gauging from last week's actions - rather inactions - by four of the world's major central banks, it appears that this is so. It had been a awhile since financial markets witnessed the kind of central bank activity ...