External Feeds

May 2007 - Posts

• Gulf states' foreign reserves swell

  Six Persian Gulf states now have almost $1,600bn in foreign assets, dwarfing even China's mammoth $1,100bn of foreign reserves, according to a new report from the Institute of International Finance. Posted May 31 2007, 06:00 PM by FT.com - Currency Markets News and Data

• Draghi issues stern warning to Italian business

  The governor of Italy's central bank has warned Italian business that they must modernise corporate governance practices, boost efficiency and deliver better services if they wish to be internationally competitive. Posted May 31 2007, 09:02 AM by FT.com - Currency Markets News and Data

• Buoyant stocks help Aussie and Kiwi advance

  The high-yielding Australian and New Zealand dollars advanced on Thursday, boosted by a strong performance from global equity markets. Posted May 31 2007, 06:04 AM by FT.com - Currency Markets News and Data

• Consumers fuel rise in eurozone optimism

  Eurozone economic optimism has hit a fresh six-year high on the back of tumbling unemployment, although the fall in German jobless has stalled unexpectedly, according to official data. Posted May 31 2007, 06:04 AM by FT.com - Currency Markets News and Data

• Yen and Swiss franc benefit as Chinese stocks tumble

  The yen and Swiss franc edged higher on Wednesday as investors bought the low-yielding currencies in the wake of a sharp fall in Chinese equities. Posted May 30 2007, 06:00 AM by FT.com - Currency Markets News and Data

• Carry trades recover after March jitters

  Carry trades are back to levels last seen before the bout of risk aversion that shook global markets in late February and early March, according to data from State Street Global Markets. Posted May 29 2007, 04:02 PM by FT.com - Currency Markets News and Data

• Jobless data boost yen

  The yen advanced on Tuesday as strong Japanese economic data fuelled the prospect of a rise in Japanese interest rates in the coming months. Posted May 29 2007, 06:00 AM by FT.com - Currency Markets News and Data

• Dollar rises vs euro as rate cut hopes fade

  The dollar traded near a six-week peak against the euro on Monday and remained close to its three-month high against the yen as expectations of US rate cuts later this year began to fade. Posted May 28 2007, 06:05 AM by FT.com - Currency Markets News and Data

• Dollar hits 6-week high against euro

  The dollar hit a six-week high against the euro on Friday, buoyed by expectation-beating US new home sales data in the previous session while sliding equity markets boosted the yen. Posted May 25 2007, 06:03 AM by FT.com - Currency Markets News and Data

• UK growth endorses rate rise expectation

  The UK economy grew by 0.7 per cent in the first three months of the year compared to the previous quarter, and expanded 2.9 per cent compared to the same period last year. Posted May 25 2007, 05:05 AM by FT.com - Currency Markets News and Data

• Asia explores 'innovative' approach to reserves

  China's unprecedented $3bn investment in Blackstone, the US buy-out fund, is the beginning of a trend that will see Asian countries take a more "innovative" approach to investing their foreign exchange reserves. Posted May 24 2007, 05:01 PM by FT.com - Currency Markets News and Data

• Hungary's central bank governor upbeat on reforms

  Hungary averted the risk of a fiscal crisis after making a 'huge' adjustment that cut Hungary's budget deficit forecasts by 5 per cent of GDP in the last year, the new central bank governor told the Financial Times Posted May 24 2007, 07:04 AM by FT.com - Currency Markets News and Data

• Greenspan comments boost yen

  The yen advanced on Thursday after Alan Greenspan, former chairman of the Federal Reserve, said he feared a "dramatic contraction" in Chinese stocks. Posted May 24 2007, 06:02 AM by FT.com - Currency Markets News and Data

• OECD warns on risk of higher inflation

  The Paris-based organisation urged central banks either to raise interest rates or take their time before cutting them because strong domestic demand had increased the risk of higher inflation. Posted May 24 2007, 04:05 AM by FT.com - Currency Markets News and Data

• Insight: Weak dollar the driving force behind liquidity

  There is no better single explanation for the profusion of global liquidity than a weak dollar, and the connivance of central banks. Posted May 23 2007, 12:01 PM by FT.com - Currency Markets News and Data