External Feeds

The yen advanced on Thursday as heightened concerns over the global economy sparked a fresh wave of deleveraging across asset markets.

The dollar has lost several important sources of support says David Powell at Bank of America

The pound edged higher on Wednesday after the minutes of the Bank of England's monetary policy committee revealed all nine members voted for an interest rates cut earlier this month.

The Bank of England's Monetary Policy Committee voted unanimously to slash the bank rate by 1.5 percentage points earlier this month, and considered an even larger cut, underscoring its concerns about tighter credit conditions globally and the marked decline in consumption and demand at home

Moody's downgraded Citic Group, the investment arm of China's State Counci, saying that its recent decision to bail out a Hong Kong affiliate raised concerns about its credit­worthiness

The pound halted its recovery after data showing British annual consumer prices falling for the first time in over a year cemented the idea of further rate cuts from the Bank of England in traders' minds

Consumer price inflation tumbled far more rapidly than expected in October to an annual rate of 4.5 per cent from 5.2 per cent the previous month, implying that prices may be falling even faster than recent estimates

Further stress emerged in the long-term US interest rate derivative market on Monday, with the latest episode of pain coming from impaired exotic trades based on the Japanese yen

The prospect of a fiscal boost in the Pre-Budget Report and the recent fall in sterling will not prevent a severe UK recession says Jonathan Loynes at Capital Economics

This is an excerpt from this week's View from the Markets online interview with investor Jim Rogers

The French economy will contract by 0.5 per cent in the fourth quarter of 2008, following further falls in business confidence and industrial output, according to a survey published by the Bank of France

Sterling recovered from early losses as as traders took profits after a fresh slide provoked by comments from George Osbourne, the UK opposition party's finance spokesman.

The pound regained some poise on Friday after dropping to a fresh record low against the euro and a six-and-a-half year low against the dollar overnight

The French economy grew by 0.1 per cent quarter-on-quarter from July to September defying expectations that it would immediately follow Germany into a technical recession.

The rupiah fell 3.6 per cent to a 7½-year low as investors took the view that a new Indonesian central bank regulation restricting some foreign exchange purchases might be a precursor to currency controls