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Yen Falls Against Higher-Yielding Currencies on Bank Rescues

posted by MarcB 1315 days ago in USD, JPY, Daily made popular 1314 days ago

The yen fell as state-backed bank rescue plans in the U.S., Europe and South Korea helped alleviate a global credit crisis, encouraging investment in higher-yielding currencies.

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Canada's Currency Weakens After Stock-Index Futures Decline

posted by MarcB 1317 days ago in USD, CAD, Daily made popular 1307 days ago

Canada's currency weakened after U.S. stock-index futures declined and Toronto's stock exchange fell yesterday, raising speculation an economic slowdown will reduce demand for the nation's commodity exports.

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Betting on the Greenback

posted by MarcB 1317 days ago in USD, Sentiment, Daily made popular 1313 days ago

The U.S. dollar has found favor as a safe haven destination once again while market players become risk averse in the current volatility.

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BOJ drains funds from money market

posted by czarinacleopatra 1319 days ago in JPY made popular 1319 days ago

Japan’s central bank said it drained excess funds of 2.2 trillion yen (USD 21.6 billion) from the Tokyo money market as credit market tensions eased.

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Global market rally loses steam

posted by czarinacleopatra 1319 days ago in EUR, JPY made popular 1319 days ago

Asian stocks were mostly lower Wednesday as a global market rally lost momentum amid growing fears of recessions in some of the world's biggest economies.

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Japan's current account surplus halves in August

posted by czarinacleopatra 1319 days ago in JPY

TOKYO — Japan's current account surplus more than halved in August from a year earlier, shrinking for a sixth straight month due to slack exports and high energy import costs, the government said Wednesday.

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Nikkei falls 1.4 pct on economy worry, Mazda drops

posted by czarinacleopatra 1319 days ago in JPY

The Nikkei average shed 1.4 percent on Wednesday after record gains a day earlier, with worries about the global economy and company earnings weighing on the market as the sense of panic over the financial crisis eased.

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Bank of Japan injects 2.0 trillion yen into markets

posted by czarinacleopatra 1319 days ago in JPY

The Bank of Japan said it injected 2.0 trillion yen (19.4 billion dollars) into the Tokyo money market Tuesday as part of efforts by the world's central banks to ease a global credit crunch. It was the 19th straight business day that the Bank of

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Hong Kong and Japan step in to help banks

posted by czarinacleopatra 1319 days ago in JPY

HONG KONG: Regulators in two of the biggest Asian financial centers stepped up their efforts Tuesday to ensure liquidity and insulate their respective banking systems from the turmoil in global credit markets.

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Suicide Rates May Rise in Japan, Korea Amid Turmoil

posted by czarinacleopatra 1319 days ago in JPY

Job losses caused by the global credit crunch may compel more people to kill themselves in Japan, South Korea and Hong Kong, according to a researcher who studied suicide rates during Asia's currency crisis a decade ago.

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Tokyo Condo Slump to Outlast Post-Bubble Era

posted by czarinacleopatra 1319 days ago in JPY

The current slump in Tokyo's condominium market may last longer than the decline after Japan's asset-price bubble burst in 1990, according to an estimate by the Real Estate Economic Research Institute.

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NZ among riskiest nations during financial crisis

posted by odell 1320 days ago in NZD made popular 1320 days ago

New Zealand is among 13 nations named by BusinessWeek as most at risk from the global financial crisis.

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