12/01/2008
Asian Currencies Weaken After China Says Manufacturing Shrank (Bloomberg)
Dec. 1 (Bloomberg) -- Asian currencies declined, led by Indonesia’s rupiah and Singapore’s dollar, as a record contraction in China’s manufacturing damped the outlook for the region’s economic growth.
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12/01/2008
Regional currencies to buttress stricken financial system (RosBusinessConsulting)
RBC, 01.12.2008, Moscow 13:52:32. Head of the State Duma property committee Viktor Pleskachevsky believes that regional currencies are the global economy's future, he told RBC today, stressing that the idea of creating new regional currencies was currently a widely-debated topic.
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12/01/2008
Currencies fail to hold firm in the crisis (Financial Times)
The prevailing wisdom was that, for emerging market currencies, this time it was different.
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12/01/2008
Currencies: Dollar gains vs. most rivals, but falls against yen (Market Watch)
The Japanese yen rises and the British pound slumps Monday as investors hunt for safety amid downbeat economic data throughout the world.
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12/01/2008
Euro struggles ahead of rate decision (AFP via Yahoo! News)
The euro extended recent losses against other leading currencies on Monday as traders anticipated a hefty interest rate cut by the European Central Bank later this week.
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12/01/2008
US dollar mixed, gold down in morning trading (AP via Yahoo! News)
The U.S. dollar was mixed against other major currencies in European trading Monday morning. Gold fell.
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12/01/2008
Latin America Currencies: Chile Peso Falls as Slowdown Spreads (Bloomberg)
Dec. 1 (Bloomberg) -- Chile’s peso dropped the most in more than a week as stocks slid worldwide on record declines in European and Chinese manufacturing, sapping investor appetite for emerging-market assets.
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12/01/2008
East European Currencies: Polish Zloty Declines Against Euro (Bloomberg)
Dec. 1 (Bloomberg) -- The Polish zloty had its biggest intraday drop against the euro in almost two weeks as fears of an economic slowdown in the European Union’s eastern members damped investor demand for the region’s assets. The Turkish lira snapped a two-day winning streak against the dollar.
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12/01/2008
Cocoa Falls in N.Y. as Stronger Dollar Pushes Commodities Lower (Bloomberg)
Dec. 1 (Bloomberg) -- Cocoa dropped in New York as the dollar strengthened, trimming demand for commodities traded in U.S. markets. The U.S. Dollar Index, a basket of six major currencies including the euro and yen, climbed after a report last week showed European inflation fell.
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12/01/2008
US dollar mixed, gold down in morning trading (AP via Yahoo! Finance)
The U.S. dollar was mixed against other major currencies in European trading Monday morning. Gold fell. The euro traded at $1.2661, down from $1.2708 late Friday in New York.
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