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October 2007 - Posts

• HK buys $1bn to protect its dollar peg

  The Hong Kong Monetary Authority had to buy more than US$1bn yesterday to defend the local currency's peg to the US dollar as the Hong Kong dollar continued to test the upper limit of its trading band. Posted Oct 31 2007, 09:00 PM by FT.com - Currency Markets News and Data

• Insight: Bet your bottom dollar on greenback's potential

  With the dollar on a downward slope since 2002, the latest bout of weakness has led to forecasts of a continued decline but the trade deficit is improving so the outlook for the US currency may improve Posted Oct 31 2007, 02:08 PM by FT.com - Currency Markets News and Data

• Fed cuts rates by another quarter point

  The Federal Reserve cut US interest rates by a quarter point to 4.5 per cent in a bid to protect the American economy against the risks from the housing slump and credit squeeze. Posted Oct 31 2007, 01:16 PM by FT.com - Currency Markets News and Data

• Eurozone inflation hits two-year high

  Eurozone inflation has leapt unexpectedly to a two-year high of 2.6 per cent this month according to official data that will complicate the task of the European Central Bank at a time when economic growth shows signs of slowing Posted Oct 31 2007, 07:18 AM by FT.com - Currency Markets News and Data

• Sterling blasts through $2.07 against dollar

  Sterling surged to a fresh 26-year high above $2.07 against the dollar on Wednesday after a survey showed UK house prices rose at their highest pace this year in October. Posted Oct 31 2007, 06:29 AM by FT.com - Currency Markets News and Data

• Dollar hits record lows ahead of Fed decision

  The dollar fell to a record low against the euro and a 26-year trough against the pound as traders awaited the Federal Reserve's decision on US interest rates. Posted Oct 31 2007, 06:07 AM by FT.com - Currency Markets News and Data

• House prices show surprise rise

  House prices in the UK rose by an unexpectedly strong 1.1% in October,according to Nationwide, in contrast to other recent surveys which suggested the market was slowing Posted Oct 31 2007, 04:05 AM by FT.com - Currency Markets News and Data

• Consumer confidence fall hits dollar

  Sterling hit a 26-year high against the dollar on Tuesday as expectations that the Bank of England would move to cut UK interest rates were dented. Posted Oct 30 2007, 06:08 PM by FT.com - Currency Markets News and Data

• Pound storms to 26-year high on rates signal

  Sterling rose to a 26-year high against the dollar after Kate Barker, a member of the Bank of England's monetary policy committee, questioned the need for a near-term cut in UK interest rates Posted Oct 30 2007, 04:30 PM by FT.com - Currency Markets News and Data

• Sweden raises rates to 4 per cent

  Sweden's central bank raised interest rates by 25 basis points to 4 per cent and used the announcement to caution for the first time that the country may not escape unscathed from the global market turmoil Posted Oct 30 2007, 05:28 AM by FT.com - Currency Markets News and Data

• Asian stocks soften before Fed meeting

  Shares edged lower and the dollar hovered above a record low as investors held their fire ahead of a US Federal Reserve meeting that is expected to cut interest rates Posted Oct 29 2007, 11:24 PM by FT.com - Currency Markets News and Data

• Falling US rates raise carry trade questions

  The prospect of the dollar having the third lowest yield among major currencies prompts a rethink, writes Peter Garnham Posted Oct 29 2007, 04:26 PM by FT.com - Currency Markets News and Data

• History's warning about the price of money

  Some expect it to be wiggled down to make jobs, up to *** bubbles and back down to offset bad credit decisions, say Manuel Hinds and Benn Steil Posted Oct 29 2007, 01:59 PM by FT.com - Currency Markets News and Data

• Market insight: Surest growth scenario may be an emerging one

  Emerging currencies could gain 30 per cent against developed world currencies over the next few years as intervention ends Posted Oct 29 2007, 12:34 PM by FT.com - Currency Markets News and Data

• Dollar hits fresh low against euro

  The dollar fell to a fresh record low against the euro and lost ground across the board on Monday as the prospect of a cut in US interest rates continued to pile pressure on the currency. Posted Oct 29 2007, 06:03 AM by FT.com - Currency Markets News and Data