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Currency Trading System News

Loonie proves to be a turkey, heading into Thankgiving weekend - Edmonton Sun

TORONTO - The once-hot loonie was colder than a frozen turkey on Friday, as many Canadians were preparing for the Thanksgiving holiday. Canada's currency spent much of the day down more than three cents against the American dollar and at one point it ...

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Credit crisis rocks the world - The Independent

By the end of the day, yesterday was being dubbed "Black Friday" by Australian market watchers. Panicked by the global crisis, traders sold down A$106bn (£40bn) of stock – the Sydney exchange's second-worst one-day performance. The All Ordinaries ...

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Iceland halts trading in six deposit-takers - Times Online

Iceland suspended trading the shares of six major financial institutions today as ministers worked on a plan to help them survive the global financial meltdown. The stock exchange said that it had decided to temporarily suspend trading in the big ...

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Stricken Iceland sends out financial SOS - Times Online

Iceland was seeking the financial help of the US and Scandinavian countries last night as politicians and businessmen scrambled to save the country’s economy. Officials were locked in meetings for most of the weekend, with the Government hoping to ...

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G-7 nations to prop up key banks - Boston Globe

The Group of Seven nations pledged to prevent the failure of key banks while stopping short of new initiatives to unfreeze credit markets. "The current situation calls for urgent and exceptional action," the G-7's finance ministers and central ...

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