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Showing 921 - 930 of 1263 results for "US Dollar"

We've left bottom

BENJAMIN ONG  |  TUESDAY, 26 MAY 2009
... reasons why the market's run is getting stronger legs. The liquidity and credit problem has eased significantly. The US dollar 3-month LIBOR/OIS spread - a measure of banks' willingness to lend to each other - has narrowed to around 50 bps. Recall that ...

Acronyms pull down USD

BENJAMIN ONG  |  THURSDAY, 21 MAY 2009
... the flipside of all these billion dollars worth of acronyms - PPIP, TARP, TALF - is a decline in another, the USD. The US dollar fell to a near five-month low against most major currencies overnight. Improving eco-finance conditions and increased risk ...

Easing Libor pains

BENJAMIN ONG  |  TUESDAY, 19 MAY 2009
No more Libor pains. The trillions of dollars flooding the financial system have already bought optimism for an eventual economic recovery - now it is also buying trust. Trust among banks, that is. Yesterday, I talked about the Libor/OIS spread - a ...

Beggar thy neighbour

BENJAMIN ONG  |  MONDAY, 23 MAR 2009
... 'beggaring its neighbours'. Why? By expanding America's supply of money, the Fed has engaged in a de facto devaluation of the US dollar. This is good for America. 'Made in America' goods, services and assets - already cheapened by the global financial ...

Market Wrap - Midday

AAP  |  FRIDAY, 20 MAR 2009
... "The banks have obviously been a little bit shaken by the potential bond issuance in America, which has damaged the US dollar," Mr Bishop said. Wall Street fell on Thursday due to concerns that the Federal Reserve's move to buy up to $US300 billion in ...

Go for gold

BENJAMIN ONG  |  FRIDAY, 20 MAR 2009
The US Federal Reserve's announcement that it is releasing freshly minted greenbacks worth US$1.25 trillion to rescue the convulsing economy threatens the return of high inflation when the current global financial crisis is but a painful memory. Inflation ...

Fresh mint

BENJAMIN ONG  |  THURSDAY, 19 MAR 2009
... Treasuries tumbled by 53 basis points overnight to 2.48 per cent - the biggest fall since 1962. But wait. Look at the US dollar exchange rate. It too has tumbled against other major currencies overnight. The greenback depreciated by as much as 3.6 per ...

Main Street versus Wall Street

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2009
... otherwise - celebrate this day by wearing green dress and drink green beer. Green, after all, is the colour of money (the US dollar). Luck of the Irish. Think it was more than this for last night there was tangible US data showing that the housing sector ...

ETCs open on ASX

MICHAEL HOBBS  |  MONDAY, 2 FEB 2009
... exhibit a low correlation to equities, tend to provide a hedge against inflation and are negatively correlated to the US dollar. For example, gold, in Australian dollar terms, rose 32 per cent against a 41 per cent fall in the ASX 200 last year. These ...

Market Wrap - Midday

AAP  |  TUESDAY, 27 JAN 2009
... 3,390 on a on a volume of 11,172 contracts. Macquarie Equities associate director Lucinda Chan said declines in the US dollar had boosted the price of metals, including gold, helping local resource stocks. "We're playing a bit of catch up after the long ...