The global credit crunch has made financial markets “extremely skittish,” said the central bank's governor, Glenn Stevens. Central banks last week injected $290 billion globally into money markets on concern access to credit would dry up amid U. Global financial markets need Japan's benchmark interest rate to be returned to “normal,” Stevens said during his semiannual testimony to a parliamentary committee. South Korea's finance minister, Kwon O Kyu, said this week that carry trades based on the Japanese currency threatened global markets. read more

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LONDON (Thomson Financial) – The pound continued to fall against the dollar, hitting a two-month low of under 1. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. Neither the Subscriber nor AFX News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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SYDNEY (Thomson Financial) – The US dollar was mixed against major currencies in morning Sydney trade Wednesday with the greenback getting some support from safe haven buyers moving to cut risk in the wake of fallout from the US subprime loans crisis. GFT senior financial analyst Ian Copsey said the dollar has found its lows against the euro, sterling and Australian dollar and is set to track back up over the balance of the year, as recent data shows the US economy is not in as bad shape as previously feared. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more

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While share prices are not faring too badly today after a spate of recent falls, trading on both equities and currency markets remain clearly on the cautious side with some safe haven flows favouring the US currency. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. Neither the Subscriber nor AFX News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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Taking our own currency first, we derive the economic benefits of a single currency, but the trade off we make is that we cannot have selective monetary policies by region. The Bank of Canada sets interest rates nationally and the recent upward movement in interest rates, with more likely to follow in the fall, can be justified on the basis of inflation worries, particularly with the "hot" Alberta economy. While politically this is a non-starter at this time, as David Dodge recognizes, the integrating forces in the regional and world economy will inevitably lead to the reduction in the number of currencies in the world, perhaps to only three world currencies. If the hemispheric vision of the Americas I described in an earlier column were to occur, say with Mark 11 versions of the FTA and NAFTA, particularly with freer movement of labour, and with the emergence of Brazil and other economies in the region, we could envisage a new common currency, say the amero. The Daily News covers Halifax — the hub of Atlantic Canada — in more depth than any other newspaper, featuring breaking news, sports, entertainment, business, national and international news. read more

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Legal disclaimer and risk disclosure FX Solutions, L. Please read our privacy policy and legal disclaimer . Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. read more

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Investors ”are looking for houses with strong foundations after the recent storm,'' said Fausto Hernandez, who helps oversee 160 billion pesos ($14. The yield on the 10 percent bonds due November 2036 fell 5 basis points, or 0. The Fed's rate-setting committee yesterday kept the benchmark lending rate for overnight loans between banks unchanged at 5. A bout of renewed risk aversion that trims investor appetite for emerging-market securities may fuel additional losses in Mexican assets, Hernandez said. Economists expect a central bank report will show tomorrow that annual inflation quickened in July to 4. Inflation will likely slow by the end of the year to within the central bank's 2 percent to 4 percent target range, allowing Banco de Mexico to hold off from raising borrowing costs, said Rafael Camarena, an economist in Mexico City at Santander Central Hispano SA. read more

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A currency that is determined by the government of the country in relation to the another currency is called a pegged currency. When referring to currency, people often discuss issues like the real exchange rate and the nominal exchange rate. The actual exchange rate is the rate for which products of a country can be traded for the products and services of another country. The nominal exchange rate on the other hand, is the value at which the currency of a certain country can be traded with that of another. Practically speaking, currency exchange rates generally change from one country to another and make travel and tourism easier and more attractive. read more

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