Yen May Approach Strongest Since World War II, Citigroup Says (Bloomberg)

Jan. 21 (Bloomberg) — The yen may approach the strongest level versus the dollar since World War II as the deepening economic recession encourages Japanese investors to bring money home, according to Citigroup Inc. Read more….

Pound Falls to Record Low Versus Yen on U.K. Economic Concern (Bloomberg)

Jan. 21 (Bloomberg) — The pound fell to a record low against the yen for a second day and the weakest since 2001 versus the dollar after the Bank of England said it may start buying assets to revive the economy. Read more….

The rupee weakened 0.2% today to close at 49.255 per dollar and lost 0.9% during the current week. It fell as low as … (India Infoline)

Rupee completed a second week of losses after foreign funds sold holdings of local assets as the global economic slump deepened. The currency fell as SEBI data showed that FIIs sold US$917mn more Indian stocks than they bought on nine of the first 14 trading days this month. Sensex was down 8.6%. Read more….

Indian Rupee Weakens on Speculation Fund Outflows Will Increase (Bloomberg)

Jan. 22 (Bloomberg) — India’s rupee weakened on speculation overseas investors will increase sales of the nation’s stocks as company earnings decline amid slowing economic growth. Read more….

Indian Rupee Completes Second Weekly Loss as Funds Sell Stocks (Bloomberg)

Jan. 23 (Bloomberg) — India’s rupee completed a second week of losses after overseas funds pared holdings of local assets as the global economic slump deepened. Read more….

Rand Pares Gain Versus Dollar After Retail Sales Decline (Bloomberg)

Jan. 21 (Bloomberg) — South Africa’s rand pared a 1.6 percent appreciation against the dollar after reports showed retail sales in the continent’s biggest economy fell for a seventh month, pointing to slower economic growth. Read more….

(AFX UK Focus) 2009-01-23 07:28 Russian rouble opens steady after c.bank announcement (Interactive Investor)

MOSCOW, Jan 23 (Reuters) – Russian rouble opened stable around 37.0 against the dollar/euro basket on Friday after the central bank defined the rouble’s trading corridor at between 26 and 41 roubles to the basket. “I have a feeling the market does not yet understand what to do… It is unlikely we will hit the [...]

Pound’s recent drop against Euro and Dollar heads for further weekly decline

Thursday was a generally calm day as traders appeared to become weary of hearing the constant barrage of bad new and economic data. Asia showed that it is very much a part of the global problem with South Korea announcing a 5.6% contraction, the Bank of Japan forecast 2 years of deflation and there were [...]

How to Trade Both Trend and Range Markets by Single Strategy?

Seven years ago when I was about to finish a long time study on how to understand the real meanings of economic concepts and in a shiny day when apparently everything did worked out well , I found myself a leading scientist of economics, someone who will be rich in… Read more….

Currencies: Dollar, yen benefit from continued flight to safety (Market Watch)

The U.S. dollar is mostly higher against major counterparts Thursday, with the familiar exception of the yen, as grim U.S. economic data and a sell-off on Wall Street feed investors’ flight to safety to the benefit of lower-yielding currencies. Read more….

Canadian dollar slumps on economic data, oil price (GlobalTV Ontario)

TORONTO — The Canadian dollar weakened against the U.S. currency on Thursday as the price of oil retreated and data on both sides of the border portrayed a gloomy economic picture. Read more….

Falling oil and economic data hit Canadian dollar (Reuters via Yahoo! Canada News)

The Canadian dollar weakened against the U.S. currency on Thursday as the price of oil retreated and reports in both Canada and the United States deepened the economic gloom. Read more….

Chinese shares stand above 2,000 points on positive economic trends (People’s Daily)

Chinese share prices closed 1 percent higher on Thursday after the National Bureau of Statistics said the country’s economic growth showed positive trends. The Shanghai Composite Index climbed 1 percent to 2,004. The Shenzhen Component Index was up 1.15 percent to 7,050. Combined turnover reduced to 103.65 billion yuan (14.8 billion U.S. dollars) from 106.39 [...]

Rand may reach R13/$ again (News 24 South Africa)

Political uncertainty and economic gloom may push the rand towards levels last seen in 2001, analysts say. Read more….

British Pound Rises Against US Dollar Ahead of Bank of England Minutes (Euro Open) (Daily FX via Yahoo! Finance)

Minutes from the last meeting of the Bank of England headline the economic calendar in European hours. The British Pound rose against the US dollar in Asian hours to test psychological resistance at 1.40. Read more….

www.ONN.tv Currency Analyst Kevin Cook on the British Pound Breaking Down (Business Wire via Yahoo! Finance)

CHICAGO—-On his Thursday morning edition of “FX Overnight,” currency market professional Kevin Cook looked at the break down of the British pound sterling to multi-decade lows. This was an event that he had been watching unfold for several months during the credit crisis and global economic recession. Read more….

(AFX UK Focus) 2009-01-22 07:31 Russia widens FX corridor, rouble holds firm (Interactive Investor)

MOSCOW, Jan 22 (Reuters) – Russia’s rouble held firm in early trade on Thursday, for a third day shrugging off news that the central bank has widened the trading corridor — a move which used to spell an immediate fall to the weaker boundary. By 0711 GMT the rouble was trading at 37.35 versus the [...]

(AFX UK Focus) 2009-01-22 18:32 FACTBOX-Key moves in Russian rouble (Interactive Investor)

MOSCOW, Jan 22 (Reuters) – Russia’s central bank sought to put a limit on the rouble’s gradual slide on Thursday, setting floor for thecurrency 10 percent below current levels. The move ended a two-month long period of creeping devaluation that cut the rouble’s value by around 20 percent. — For a story on Thursday’s statement [...]

(BOC) Bank of Canada Releases Monetary Policy Report

In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity. Heightened uncertainty is undermining business and household confidence worldwide and further eroding domestic demand. Major advanced economies, including… Read more….

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