The Rudd government said yesterday it will scrap its $190 billion wholesale
funding guarantee on March 31. That could create a new reason for banks - many
of which hiked rates by much bigger margins than the 25-basis-point rise
announced by the central bank in December - to ask borrowers to
* Kiwi NZD=D4 eases to $0.6863/73 from opening level around $0.6890/00, but off
$0.6807 struck in Friday's offshore trade, its lowest since Sept. 4. *
High-yielding currencies like the kiwi are under pressure as concerns over the
fiscal health of the euro zone dominate currency
The Rudd government said yesterday it will scrap its $190 billion wholesale
funding guarantee on March 31. That could create a new reason for banks - many
of which hiked rates by much bigger margins than the 25-basis-point rise
announced by the central bank in December - to ask borrowers to pay
* Kiwi NZD=D4 about $0.6890/00, little changed from late Friday levels and
comfortably away from a five month low of $0.6807 struck in Friday's offshore
trade. * High-yielding currencies like the kiwi were pressured as concerns over
the fiscal health of the euro zone dominate currency
Yields on notes dropped to the lowest levels in at least six weeks as sovereign
risk crises in nations such as Greece, Portugal and Spain dulled investors’
appetite for higher- yielding assets. The U.S. economy unexpectedly lost 20,000
jobs last month, a report showed, and the Treasury prepared
Feb. 5 (Bloomberg) -- Chile’s peso rose for the first time in three days after
a report showed the economy expanded in December at its fastest pace in 15
months. The peso climbed 1 percent to 538.55 per U.S. dollar at 4:54 p.m. New
York time, from 544.13 yesterday. Today’s advance pared
The cost of insuring against US and UK debt defaults may rise in the same way
as it has for so- called European peripheral nations including Greece and
Portugal, Deutsche Bank said. ``The problems currently faced by peripheral
Europe could be a dress rehearsal for what the US and UK
``The problems currently faced by peripheral Europe could be a dress rehearsal
for what the US and UK may face further down the road,'' Jim Reid, a strategist
at Deutsche Bank in London, wrote in a research note today. Credit-default
swaps on the debt of Greece, Spain and Portugal rose to
By Ye Xie All but three of 26 emerging-market currencies tracked by Bloomberg
declined this week against the dollar as credit- default swaps on the sovereign
debt of Greece, Spain and Portugal rose to record high levels. Investors pulled
out $1.6 billion from emerging-market equity funds,
Feb. 5 (Bloomberg) -- Brazilian consumer prices rose the most in 20 months in
January, pushing the annual inflation rate above the central bank’s target and
cementing bets that policy makers will raise interest rates as early as next
month. Consumer prices, as measured by the benchmark
The Rudd government said yesterday it will scrap its $190 billion wholesale
funding guarantee on March 31. That could create a new reason for banks - many
of which hiked rates by much bigger margins than the 25-basis-point rise
announced by the central bank in December - to ask borrowers to pay
