Daily FNArena News - FYI
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You Know The US Dollar’s Had It When…
Nov 05 2007
…a supermodel is refusing payment in the currency.
More Huge Write-Downs For Citi
Nov 05 2007
The emergency board meeting on the weekend has resulted in Citi admitting to a further US$8-11bn in write-downs to follow.
The Week Ahead: Horses For Courses
Nov 03 2007
The RBA is widely expected to raise interest rates by 25 basis points on Wednesday following the Cup.
Volatility Rules, Gold Passes 800
Nov 03 2007
A Dow close of +27 last night belied the extreme volatility throughout the session. Gold rocketed through US$800/oz.
To Parity And Beyond For The Aussie Dollar?
Nov 02 2007
With a favourable interest rate differential and strong commodity prices the Aussie dollar has gained against the greenback, but TD Securities suggests parity is on the cards in 2008.
No Cavalry This Time
Nov 02 2007
The Dow fell 362 points last night as the financial sector woke up to the fact there’s still a credit crunch going on.
Trick And Treat
Nov 01 2007
The Fed gave the market what it wanted but indicated that will be all for now. Wall Street still loved it. The Dow rose 137. Oil hit US$95. Gold hit US$800.
Rudi On Thursday
Oct 31 2007
Weekly musings by your editor. The decline of the US dollar. When is the trend your friend?
Wall Street Wobbles, Commodities Tumble
Oct 31 2007
Oil was the big loser overnight while stock markets began to doubt a Fed cut tonight.
Awaiting The Fed
Oct 30 2007
The Dow was once again positive as traders set for a rate cut on Wednesday.
