FINANCIAL NEWS - FOREX-Dollar touches 23 year high versus pound - Forbes FINANCIAL NEWS - FOREX-Dollar touches 23 year high versus pound - Forbes

Friday, January 23, 2009

FINANCIAL NEWS - FOREX-Dollar touches 23 year high versus pound - Forbes

NEW YORK, (Reuters) - The U.S. dollar touched a 23-year high against sterling and a six-week high versus the euro on Friday as weak UK and euro zone data led investors to take refuge in the greenback. The dollar pared gains in late trading in New in New York Shares News

London: Gold jumped more than three per cent on Friday to its highest in nearly three weeks as volatility on currency markets drove investors to buy bullion. The precious metal reached record highs in both sterling and euro terms. Spot gold rose as in New York Shares News

HARARE City Council workers began an indefinite strike on Friday, demanding to be paid in hard currency. The strikers - including mortuary attendants and rubbish collectors - were reporting for work but would not perform their duties, said Cosmas in New York Shares News

Company Exceeds Fourth Quarter Earnings Guidance and Provides Double-Digit Earnings Growth Outlook for 2009 DEERFIELD, Ill. – Baxter International Inc. ( NYSE:BAX ) today announced record sales, earnings and cash flow for 2008, including strong in New York Shares News

NEW YORK/LONDON (Reuters) - Gold rallied 5 percent on Friday, briefly breaking above the $900 an ounce level as volatile currency markets and solid investment demand spurred bullion buying. The precious metal reached record highs in both sterling and in New York Shares News

A growing number of working groups across the country have downed tools in a bid to have their salaries paid in foreign currency - this as the full dollarisation of the economy is expected to be officially confirmed next week. Zimbabwe's monumental in New York Shares News

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