Forex - Asia currency summary

Forex - Asia currency summary
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Euro could replace dollar as top currency-Greenspan
Reuters - BERLIN, Sept 17 (Reuters) - The euro could replace the U.S. dollar as the world's primary reserve currency, a German magazine quoted former Federal Reserve Chairman Alan Greenspan as saying on Monday. Greenspan told weekly Stern it was "absolutely

Currency: Kiwi weakens as investors flee risk
New Zealand Herald - The kiwi dollar slid today as investors again took flight from risk following the run on the Northern Rock bank in Britain and as rumours swirled closer to home in Australia. "Risk is back off the table and likely to remain so until this Northern

Rupee slips to one-week low
Times of India - Global indicators such as stocks and oil prices are not looking very positive and the rupee is mirroring that," said Vikas Babu, a currency dealer at Andhra Bank. Oil prices rose to a record high above $81 a barrel on Tuesday on concerns of a

Panic on street means sterling plunges against euro and dollar as yen
Daily Telegraph - The outlook for the pound is not pleasant," said Hans Redeker, currency chief at BNP Paribas. "We're getting into new waters concerning the housing market. It looks vulnerable, and that's having a significant impact," he said. Warnings by former

German Investor Confidence Probably Fell to a Nine-Month Low
Bloomberg - The common currency rose to a record $1.3927 on Sept. 13 and has gained 9.6 percent in the past year. At the same time, oil prices have advanced more than 55 percent since mid-January, pushing up energy bills. To contact the reporter on this

Forex - US dollar slightly weaker in Sydney morning trade ahead of Fed
Forbes - Commonwealth Bank of Australia (CBA) currency strategists said in a market note that the only question now is to what extent the Fed is prepared to move. 'The majority of the market is convinced the Fed will press on the accelerator, but less sure if

Platinum Futures Advance in Tokyo on Weaker Yen Versus Dollar
Bloomberg - Sept. 18 (Bloomberg) -- Platinum futures in Tokyo gained for a fourth day in five as the Japanese currency's decline last week boosted the appeal of yen-denominated contracts for the metal, which trades globally in dollars. The yen shed 1.8 percent

Costello cautious on credit crisis
News.com.au - It has affected some of the stock market, it has even affected the currency. It is not over yet. ``It will take very careful management here in Australia to insulate against the worst effects of this international fallout.'' Mr Costello said many

US recession risk jumps: Alan Greenspan
News.com.au - The normal inflation level is closer to 5 per cent than the current 2 per cent," Dr Greenspan said, adding that 5 per cent level fitted economies with a "paper" currency not linked to gold. Some economists and investors have criticised Dr Greenspan