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Australian and NZ dollars to rise on rate hikes

October 21, 2009  

From Pamela Tang

The currencies of both antipodean countries are set to appreciate against the US dollar as they raise rates and risk aversion fades, predicts Calyon.

Interest rate differentials will increasingly influence currency movements, causing Australian and New Zealand dollars to appreciate ahead of other regional currencies, argues Mitul Kotecha, head of global foreign exchange research at Calyon in Hong Kong.

“While risk aversion has been...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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