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European single currency unit, the euro edged down against other major currencies in European trade Monday despite a rise in European stocks. The euro thus dropped to a 4-day low against the pound and it eased from an Asian session’s multi-day highs against the yen and the franc. Most European ...
DOLLAR The dollar is likely to remain volatile today ahead of US Prelim GDP data tonight and Fed Chairman Bernanke’s speech on economy outlook. The Yen rally in Asia was capped below Y85 and the rest of the day saw light selling back to lower Y84 region. Meanwhile, Euro broke ...
The Philippine central bank retained its key interest rate at a record low, citing strong economic growth and favorable inflation prospects. Policy makers at the Bangko Sentral ng Pilipinas decided Thursday to leave the overnight borrowing rate or the rate on reverse repurchase facility at 4%. Similarly, the bank maintained ...
After yen’s strong runs in recent past which threatens country’s export led recovery from recession, Japan’s finance minister said he was closely watching currency markets. The rise of the unit, which hit a 15-year-high against the dollar last week, has set alarm bells ringing in the country, which saw economic ...
British pound reversed early gains Thursday to jump more than a cent against the dollar on Thursday after surprisingly strong UK retail sales data, which raised hopes that the economy can maintain momentum in the third quarter. The pound surged as speculators were wrong footed, rising to the day’s high ...
British pound reversed early gains Thursday to jump more than a cent against the dollar on Thursday after surprisingly strong UK retail sales data, which raised hopes that the economy can maintain momentum in the third quarter. The pound surged as speculators were wrong footed, rising to the day’s high ...
China’s central bank, the PBOC announced it would allow overseas financial institutions to invest in the country’s interbank bond market on a trial scheme as an effort to further promote yuan cross-border trade settlement. Under the trial program, yuan accumulated overseas because of central bank currency swaps, trade settlement or ...
Euro / Dollar The euro could test support levels this week. After climbing for two months to close at a peak of $1.3279 on 6 August, the euro fell 4.0% to settle at $1.2753 on 13 August. Investor sentiment toward economic conditions for the second half of the year were ...
European single currency unit, the euro remained mixed against major counterparts in early European trade Monday. While the euro plunged to a new multi-week low against the franc, it rose against the pound. Meanwhile, the euro recovered from an early Asian session’s 4-day low against the yen and a new ...
The pound may consolidate around $1.56 this week. The pound fell from $1.60 last week on worse than expected economic data that suggested the economic recovery in the United Kingdom may be slowing. The Bank of England (BOE) cut its gross domestic product (GDP) growth forecast for 2010 to 1.6%, ...
KUALA LUMPUR (Commodity Online) : Malaysia’s northeastern state of Kelantan issued an alternative currency to mainland’s ringgitt in an attempt to bring back religious policies. According to Kelantan authorities, the value of the coins used in Kelantan can fluctuate according to market prices, but remains a better alternative to currency ...
Southeast Asia’s leading economy, Indonesia said it has no immediate plans to include the rupiah`s redenomination in its agenda. According to country’s Economic Affairs Coordinating Minister the issue of redenominating the rupiah or making it easier to exchange was now only the subject of a study by Bank Indonesia (BI) ...