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Showing 61 - 70 of 98 results for "US dollars"

Euro downs Supermodel

BENJAMIN ONG  |  TUESDAY, 18 MAY 2010
... -- which not even a year ago wanted a basket of currencies to be the global means of exchange? They're back buying US dollars, too. They increased their US dollar holdings nearly 5 per cent to US$229.5 billion in March. So what happened to forecasts ...

Trillion dollar kitchen sink

BENJAMIN ONG  |  TUESDAY, 11 MAY 2010
... of England and Swiss central bank, as well as the Bank of Japan, will allow them to provide the "full allotment" of US dollars as needed. A separate swap line with the Bank of Canada will support as much as $30 billion, the Fed said. The swaps were authorised ...

Market Wrap - Morning

AAP  |  TUESDAY, 11 MAY 2010
... 944.64. HONG KONG - Hong Kong shares jumped 2.54 per cent as dealers welcomed an agreement worth almost a trillion US dollars aimed at avoiding a financial crisis in the eurozone. The benchmark Hang Seng Index ended 506.35 points higher at 20,426.64. ...

Market Wrap - Morning

AAP  |  FRIDAY, 7 MAY 2010
... Dow Jones Industrial Average within a hair's breadth of a 1,000-point drop. P&G's stock, which had been trading at 62 US dollars, suddenly fell about 20 per cent for no apparent reason before recovering to finish near 60 US dollars. Even so emotions ...

Market Wrap - Morning

AAP  |  FRIDAY, 9 APR 2010
... China a "currency manipulator" -- which would open the door to sanctions. Gold ended in Hong Kong at 1,144.00-1,145.00 US dollars an ounce, up from Wednesday's close of 1,135.50-1,136.50 dollars. WELLINGTON - The New Zealand sharemarket fell away from ...

Market Wrap - Morning

AAP  |  TUESDAY, 30 MAR 2010
... commodities, which become more attractive to foreign investors when the US dollar falls since most of them are priced in US dollars. Energy and materials stocks, including Exxon Mobil Corp, led the market higher. When markets settled, the Dow Jones Industrial ...

Change of heart

BENJAMIN ONG  |  TUESDAY, 16 FEB 2010
... risk appetite sent the euro currency rising again. It didn't help that the US Federal Reserve was printing so much US dollars that the world had dollar indigestion. But then Greece came along sending the euro down, down, down against the greenback -seemingly ...

Dollar dilemma

BENJAMIN ONG  |  THURSDAY, 12 NOV 2009
... disaster for the domestic economy. Foreign investors worry. USA Inc. increases its leverage by having the Fed mint more US dollars to buy its debt. Domestic inflation rises, US dollar falls some more. Foreign investors worry. Perhaps the only thing USA ...

Doom dollar

BENJAMIN ONG  |  TUESDAY, 13 OCT 2009
Just a day after this space commented on the risky proposition of holding US dollars, Bloomberg reports overnight that world central banks are diversifying out of the greenback. Data compiled by Bloomberg revealed that central banks have backed up their ...

Liquidity flow versus trade flow

BENJAMIN ONG  |  MONDAY, 28 SEP 2009
... central banks' interest rate reductions and quantitative easing had their desired effect. The Libor rate on 3-month US dollars has now fallen to around 0.28 per cent - significantly cheaper than the 4.82 per cent rate back in October 2008 and the lowest ...