Posted on May 23rd, 2012 by admin
BBC News HSBC Adds Six Currencies To Offshore Yuan-Trading ServiceWall Street JournalElectronic trading of the offshore yuan, or CNH, against the dollar has become relatively commonplace in global currency markets but so far direct trading of other currencies such as the euro against CNH has remained limited.Renminbi begins to go globalFinancial TimesHong Kong, London Bankers [...]
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Posted on May 22nd, 2012 by admin
Fullerton Fund Forex Head Says China To Moderate Yuan RiseWall Street Journal(Recasts the first paragraph; adds comments on the Singapore dollar in the 10th through 14th paragraphs, and comments from Temasek CIO in the seventh and eighth paragraphs.) By Gaurav Raghuvanshi Of DOW JONES NEWSWIRES SINGAPORE -(Dow Jones)- Chinese …and more » {forex} – Forex News
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Posted on May 22nd, 2012 by admin
Trading Point WORLD FOREX: Hopes For Focus On Euro-Zone Growth Lift EuroWall Street JournalBy Erin McCarthy Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–The euro advanced against the dollar Monday, after European leaders signaled they could pursue policies to boost economic growth at a weekend summit. At a meeting of the Group of Eight major [...]
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Posted on May 22nd, 2012 by admin
Bloomberg WORLD FOREX: Currency Traders Dither; Greek Turmoil Supports DollarWall Street JournalBy Eva Szalay Of DOW JONES NEWSWIRES LONDON (Dow Jones)–Currency traders dithered in European hours Monday in a session with little discernible direction while underlying nervousness over Greece's future in the euro zone lent the dollar some support.FOREX-Euro rebounds vs dollar ahead of EU [...]
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Posted on May 20th, 2012 by admin
China Forex Regulator: To Encourage Long-term Foreign Investors Like Pension …Wall Street Journal (India)BEIJING (Dow Jones)–China's foreign exchange regulator expressed its support in expanding access to China's capital markets for long term investors like pension funds under the Qualified Foreign Institutional Investor program, following a similar … {forex} – Forex News
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Posted on May 19th, 2012 by admin
Intervention Dominates Emerging Market Currency Trading; Debt SteadyWall Street JournalHeavy demand for dollars onshore in Brazil drove the real down more than 2% intraday Friday to its weakest levels since May 2009, taking out stop-losses for local players that had bullish bets on Brazil's currency, traders said.and more » {fcurrency trading} – Forex News
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Posted on May 19th, 2012 by admin
WORLD FOREX: Asian Currencies Fall As Investors Flee RiskWall Street Journal"Verbal intervention by authorities have begun," said Kengo Suzuki, forex strategist at Mizuho Securities, saying that such warnings were likely to increase in frequency if the dollar edges down towards Y78 – a level where the government used so-called … {forex} – Forex News
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Posted on May 19th, 2012 by admin
Telegraph.co.uk WORLD FOREX ollar Snaps Winning Streak As Euro StabilizesWall Street JournalBy Matthew Walter NEW YORK (Dow Jones)–The dollar weakened against its main rivals for the first time since April as concern about Greece's economic and political crisis subsided, sparking renewed demand for the euro. The ICE Dollar Index, …FOREX-Euro zeros in on 2012 low [...]
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Posted on May 18th, 2012 by admin
Bloomberg WORLD FOREX: Currency Markets Pull Back From The PrecipiceWall Street JournalBy William Kemble-Diaz Of DOW JONES NEWSWIRES LONDON (Dow Jones)–Currency markets pulled back from the precipice in European hours Friday, having looked ready to go over the top in early trade as the euro and Australian dollar sank against safer bets …Euro Trades Near [...]
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Posted on May 18th, 2012 by admin
Argentina, Brazil Local-Currency Trade Makes Slow HeadwayWall Street JournalThe Argentine and Brazilian central banks, which operate the SML's transaction platform, set the peso-real exchange rate for local-currency transactions using the peso-dollar and real-dollar wholesale exchange rates. But even as total bilateral trade …and more » {fcurrency trading} – Forex News
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