1. Investors are concerned that the Bank of Canada may raise interest rates next month to shore up the ailing currency. 2. The ailing currency may prompt the Bank of Canada to raise interest rates next year to stem its decline. 3. The decline came just one day after the Bank of Canada raised its key overnight lending rate a quarter point to prop up the ailing currency. 4. The decline came just two days after the Bank of Canada raised its key overnight lending rate a quarter point to prop up the ailing currency. 5. Currency dealers said the panic atmosphere in the market might place stronger pressure on the rupiah, given the fact the government lacked commitment in supporting the ailing currency. 6. Dealers said the central bank intervened in the market as recently as Monday morning to attempt to prop up the ailing currency by buying Aussie dollars. 7. Earlier, European leaders chose not to raise interest rates, a move that might have given a boost to the ailing single European currency. 8. European central bankers have attempted to prop up the ailing European currency four times in the past seven days of trading. 9. European central bankers intervened in money markets again Monday morning, buying euros to give the ailing currency a needed boost. 10. Investors were closely watching the situation in Indonesia where the government is planning a pegged exchange rate to shore up the ailing currency, the rupiah, he said. |