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Updated:  New York, Jan 06 23:37
London, Jan 07 04:37
Tokyo, Jan 07 13:37
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Dollar Strengthens After GM Says Government Bailout Should Ensure Survival The dollar rose for a sixth day against the yen, the longest run of gains in two years, after General Motors Corp. said rescue loans already pledged by the government should ensure the biggest U.S. automaker’s survival.

Americas

Brazil's Real Advances to 2-Month High as Commodities Gains Spark Inflows Brazil’s real rose to the highest in almost two months as higher commodity prices accelerated trade investment inflows into Latin America’s largest economy and the government announced plans to sell $1 billion in bonds.

Canada's Dollar Rises to Its Highest in Two Months as Commodities Advance Canada’s currency climbed for a third day, appreciating to the strongest level in two months against its U.S. counterpart, as commodities such as gold and copper advanced and crude oil traded above $50.

Dollar to Climb Over Three-Month Horizon, Euro May Pare Gains, UBS Says The dollar will strengthen over the next one to three months as the “risk rally of the New Year” peters out, UBS AG said.

Europe

Pound Rises Against Euro on Speculation U.K. Economy Will Rebound Faster The pound rose against the euro for a second day, strengthening to 91 pence for the first time in almost three weeks, on speculation interest-rate cuts will revive the British economy faster than the common-currency region.

Citigroup Says Sell Canadian Dollar Against Norwegian Krone, Target 5.20 Investors should sell the Canadian dollar against the Norwegian krone, according to a Citigroup Inc. report.

Euro May Weaken to 87.50 British Pence on Charts, Standard Chartered Says The euro may fall 5.6 percent to 87.50 British pence over the next three months, Standard Chartered Plc forecast, citing technical charts that predict price movements.

Asia

Australia Dollar at Three-Month High, N.Z. Currency Gains on Risk Appetite Australia’s dollar rose to a three- month high and New Zealand’s dollar climbed to its strongest in almost three weeks versus the greenback as gains in equities and commodities revived appetite for higher-yielding assets.

Asian Currencies Rise, Led by Won, as Rate Cuts, Spending Support Growth Asian currencies gained, led by the South Korean won and the Indonesian rupiah, on speculation interest-rate cuts in the region and U.S. stimulus spending will help revive economic growth.


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