Archive for November 23rd, 2009

Angola Approved for $1.4 Billion Standby Credit Line From IMF
Bloomberg
Falling oil revenue “caused a sharp slowdown in the economy, weakening of fiscal and external positions, depreciation of the exchange rate, and a rise in
IMF Lends Angola $1.4 Billion to Support Reserves, ReformsInternational Monetary Fund
IMF approves US$1.4 billion loan for AngolaMacauhub
Press ReleaseInternational Monetary Fund

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Fixed exchange rate drops
El Financiero (México)
Mexico's fixed exchange rate Monday was set at 13.0151 pesos per dollar (ppd), reflecting a decline compared to Friday's final quote of 13.0895 ppd,

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Reuters South Africa
Forex: Dollar falls on Monday; Stocks rally in Wall Street and Europe
International Business Times
fxstreet.com (Córdoba) – A better-than-expected increase in existing home sales and comments about interest rate staying at low levels for some time fueled
Stock IndicesInside Futures

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Chile peso hits 16-month high, hurts stock prices
Reuters
"When the exchange rate falls the market falls, when the exchange rate rises the market rises," said Cristina Acle, head of research for CorpResearch
Chilean Peso Climbs as Copper Advances; Colombia Currency RisesBloomberg

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Daily Mail
Gold soars to new record high as dollar plummets on home sales
Xinhua
The most active gold contract for December delivery rose 17.90 US dollars to finish at 1164.70 dollars an ounce, hitting a record peak of 1174 earlier in
Gold Price Blasts to $1170 as US Dollar PlummetsGoldAlert (press release)
Dollar slides, sending gold to record highChannel News Asia
Gold hits record high $1172 per ounceSydney Morning Herald

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stv.tv
Foreign Exchange
Market News International
China will maintain a stable yuan, a senior Chinese diplomat said Wednesday, even as it continues to reform the exchange rate mechanism.
Yen's steady drop in foreign reserve status reflects wider worriesThe Japan Times
The Fed Is Bailing Out Every Bank In The WorldThe Business Insider
Weekly FX roundup: Dollar pushes backAME Info
Daily FX
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WORLD FOREX: Dollar Declines As Investors Embrace Risk
Wall Street Journal
TORONTO (Dow Jones)–The dollar declined broadly Monday as investors showed a renewed desire for risk that sent stock

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CANADA FX DEBT-Strong data and commodities help C$ close higher
Reuters
[CRB/] All spots FX= Tokyo spots AFX= Europe spots EFX= Volatilities FXVOL= Tokyo Forex market info from BOJ TKYFX World central bank news [CEN] Economic
Dollar extends gain after strong retail sales dataReuters Canada

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Business Daily Africa
FOREX-US dollar drops on Fed comments, stocks gain
Reuters
NEW YORK, Nov 23 (Reuters) – The dollar fell against a basket of currencies on Monday after comments from a Federal Reserve official
WORLD FOREX: Euro Touches $1.50 As Riskier Assets RallyWall Street Journal
FOREX-Dollar turns tail as gold climbs to recordForbes
WORLD FOREX: Dollar Falls Vs Euro, Yen On Bullard's CommentsWall Street Journal
Reuters -Reuters
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Brazilian Real Rises for First Time in Four Days on Commodities
Bloomberg
currency flows to local markets, said Joao da Silva Ferreira Neto, a currency trading director at Nova Futura DTVM Ltda, a Sao Paulo- based brokerage.
Brazilian Real Rises for the First Time in Four Days on StocksBloomberg

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