Latest News for Forex Street
FOREX-US dollar sinks vs yen, rises vs euro as stocks swoon (Reuters via Yahoo! Philippines News)
* Yen rallies as stocks fall, recession worries grow
(AFX UK Focus) 2008-11-20 00:44 Malaysian stocks seen easing on Wall Street plunge (Interactive Investor)
KUALA LUMPUR, Nov 20 (Reuters) - Malaysian stocks are expected to open lower Thursday after Wall Street plunged to its lowest level in five-and-a-half years on fears of a protracted downturn in the economy.
FOREX-US dollar slips against yen, up versus euro (Reuters via Yahoo! Malaysia News)
* Fear of global slowdown lifts yen and dollar
(AFX UK Focus) 2008-11-21 01:25 Aussie dlr battered, market ups ante on rate cuts (Interactive Investor)
__________AUSTRALIAN CREDIT/FOREX (0100 GMT) SNAPSHOT__________ FOREIGN EXCHANGE (against previous Sydney close) 0.6098/01 (0.6344/49)1.1651/83 (1.1755/75) 57.31/39 (60.37/44) 94.01/04 (95.15/20) 0.4902/08 (0.5077/82) 1.2434/38 (1.2493/99)
(AFX UK Focus) 2008-11-21 04:59 HK shares up 4.5 pct on China talk,U.S recovery hopes (Interactive Investor)
HONG KONG, Nov 21 (Reuters) - Hong Kong stocks rallied strongly at midday on Friday, ending the morning session 4.5 percent higher, as U.S. stock futures pointed to a recovery on Wall Street and amid talk that China may adjust rates again. "A rumour has been doing the rounds since midday today, saying China may cut deposit rates by 27 basis points, to match the recent reduction in lending ...
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