Money Market News And Facts
Developing countries (in Asia) responded to the 1997 financial crisis by prudently building up massive stocks of foreign exchange reserves to mitigate the risk of another crisis. In August, the reserves of eight of these countries (excluding China and Japan)… (more…)
It seems the Korean Won has (temporarily) bottomed out, reversing one of the largest declines in its history. The currency’s 5% daily jump has made it one of one of the few bright spots in Asia this week, where stock… (more…)
The rapid and insidious spread of the credit crisis to Europe and even farther afield is catching Central Bankers completely off guard. In fact, they have been forced to rapidly shift gears from fighting inflation to preventing recession. Depending on… (more…)
Over the last two months, the South African Rand has plummeted, losing nearly 20% of its value against the US Dollar en route to a five-year low. It seems the currency has become the latest victim of the credit crisis… (more…)