51. Speculators sell a currency hoping it will fall and they can buy it later even more cheaply, with the difference as their profit. 52. Speculators borrow and sell a currency hoping it falls and they can buy it back later for a profit. 53. Speculators sell a currency hoping to weaken it further and make a profit buying it back at a cheaper price. 54. Some countries admired for pursuing sound economic policies, such as Chile and Canada, manage exchange rates by buying and selling their currencies on occasion. 55. Some traders sold the currency recently on concern that the Reserve Bank of Australia might cut rates to spur growth. 56. Such actions draw much of their power from speculators, who buy or sell currencies when they have confidence in an intervention and thus magnify its effect. 57. The Australian dollar slumped against the U.S. dollar as investors speculated that an Australian bank sold the currency for dollars to finance its purchase of a U.S. bank. 58. The Australian dollar is likely to slip further, as options traders have been selling the currency and the Federal Reserve may raise interest rates soon, Sakamoto said. 59. The Brazilian joint venture will sell Brazilian currency, trade finance, capital markets, treasury services, payments and cash management, Dern said. 60. The Brazilian joint venture will sell Brazilian currency, trade finance, capital markets, treasury services, payments and cash management, Durden said. |