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September 2007 - Posts

• Dollar sinks as gold hits 27-year high

  The dollar hit a record low against major currencies and gold reached a 27-year high as investors ignored data suggesting that inflation moderated last month. Posted Sep 28 2007, 05:01 PM by FT.com - Currency Markets News and Data

• Dollar remains near lows

  The dollar stayed near a record low against the euro on speculation the day's raft of US data may prompt the US Federal Reserve into further interest rate cuts Posted Sep 28 2007, 05:04 AM by FT.com - Currency Markets News and Data

• New Zealand growth beats forecasts

  Faster-than-expected growth in the second quarter boosted the local currency and signalled that the central bank had little scope to lower record-high interest rates Posted Sep 28 2007, 03:05 AM by FT.com - Currency Markets News and Data

• New Zealand economy surges

  Faster than expected growth in the second quarter boosts local currency and reinforces speculation that the central bank will keep high interest rates to contain inflationary pressures Posted Sep 28 2007, 12:04 AM by FT.com - Currency Markets News and Data

• Asian stocks hit a record on resources

  The MSCI Asia ex-Japan stock index hit an all-time peak as the surge in oil and commodity prices boosted shares of resource producers, while Japan's Nikkei lost some steam Posted Sep 27 2007, 10:00 PM by FT.com - Currency Markets News and Data

• Weak dollar concerns in Hong Kong

  Last week's interest rate cut by the US Federal Reserve might have been cheered by markets but it came at an awkward time for Hong Kong, which pegs its own currency to the greenback Posted Sep 27 2007, 05:01 PM by FT.com - Currency Markets News and Data

• Bank of England should trim rates

  There is a strong case for one cut in UK rates to offset the tighter credit conditions caused by the money markets, and it should come next week or in November but no later Posted Sep 27 2007, 02:04 PM by FT.com - Currency Markets News and Data

• Insight: Eastern European chill in currency markets

  Financial conditions in the Baltic region appear increasingly vulnerable to a market shock and if a jolt does occur, one victim could be the Scandinavian banks. Posted Sep 27 2007, 12:03 PM by FT.com - Currency Markets News and Data

• House price data boosts sterling

  The pound advanced on Thursday after expectation-beating house price data helped allay some fears over the health of the UK economy. Posted Sep 27 2007, 07:00 AM by FT.com - Currency Markets News and Data

• Hawkish Fed reduces heat on dollar

  The dollar pulled back from a record low against the euro as hawkish comments from a Federal Reserve official gave the beleaguered greenback some respite Posted Sep 26 2007, 03:00 PM by FT.com - Currency Markets News and Data

• Insight: Implications of the Darling deposit guarantee

  The chancellor's move to guarantee deposits at Northern Rock, the troubled lender, has huge implications for government policy and beyond, writes Michael Gordon of Fidelity. Posted Sep 26 2007, 02:00 PM by FT.com - Currency Markets News and Data

• British banks shun £10bn cash auction

  The lack of bids was blamed by the Bank of England on the result of 'a significant fall in three-month interbank rates which made the auction look expensive' Posted Sep 26 2007, 09:01 AM by FT.com - Currency Markets News and Data

• Dollar hits fresh reord low against euro

  The dollar fell to a record low against the euro for the fifth consecutive session on Wednesday as expectations for further cuts in US interest rates continued to weigh on the currency. Posted Sep 26 2007, 06:05 AM by FT.com - Currency Markets News and Data

• Japan's share of FX trades slip

  Japan's share of the global foreign exchange market has slumped to its lowest level in at least 12 years, according to a new report Posted Sep 25 2007, 05:01 PM by FT.com - Currency Markets News and Data

• London increases forex dominance

  London's dominance of the global foreign exchange market continues to grow sharply as the share of New York and Japan slips, a survey has revealed Posted Sep 25 2007, 03:00 PM by FT.com - Currency Markets News and Data