Word: rate
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...Because all of these countries are growing more robustly than the U.S., their interest rates are higher, thus creating a short-term opportunity for traders. Here's how it works with a currency like the Indonesian rupiah: the six-month London Interbank Offer Rate (or LIBOR, the benchmark for U.S. dollar borrowing), is now hovering at slightly less than 1%. That rock-bottom rate stands in stark contrast to the 6.5-7% rate of interest one can get from a short-term money market bill in Indonesia, where the 5-year government bond currently yields roughly 9%. The wide...
...dollar didn't always enjoy the dubious honor of being the global currency a trader could most cheaply borrow. For much of the last decade Japan has been the world's largest moribund economy, with an economy so weak the Bank of Japan never dared to lift interest rates significantly above zero. During this time the Japanese yen was the currency traders loved. No longer, it seems. "The yen has become the least obvious carrying currency," says Credit Suisse's Desbarres, mainly because the near-zero interest rates Japan once exclusively offered are now available from central banks across...
...peace and the mutual exchange of ideas. But he also drew attention to the shift in the global balance of powers away from Europe and toward Asia, whose economic growth in recent years has spurred calls for greater world recognition. Indonesia’s economy grew at a rate of over 6 percent in the past year...
...Harvard’s levels were far above the 3.9 cases per 10,000 students rate for Massachusetts during the week ending September...
Others in Drogheda believe that a more fully integrated E.U. can only help stem Ireland's economic malaise. The unemployment rate sits at over 11% - more than twice the figure at this time last year - and is expected to reach 15% by 2010. In addition, the country's Central Statistics Office said last week that more people are leaving Ireland than arriving for the first time in 14 years...