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FRANKFURT, Jan 7 (Reuters) - If the European Central Bank was really hoping to start the new year with hard evidence that record interest rate cuts are helping the economy, it must be feeling disappointed. ECB President Jean-Claude Trichet [ID ...
Read moreSHANGHAI (Dow Jones)--China's State Administration of Foreign Exchange has issued rules that allow money brokers to offer foreign-exchange broking services in China's interbank market, letting the firms back into the lucrative swaps market after an ...
Read moreNaira depreciated further, Wednesday, in spite of the near 100 percent increase in foreign exchange (forex) supply by the Central Bank of Nigeria (CBN) to N139.03/$ at the official market, and over N140/$ at the inter-bank market. The CBN had ...
Read moreSouth Africa's gold and foreign exchange reserves, buoyed by a rise in gold prices and a depreciating dollar, rose 883 million dollars last month, the South African Reserve Bank said Thursday. The reserves increased to 34.1 billion dollars, while the ...
Read moreHONG KONG: China’s foreign exchange (forex) watchdog, the State Administration of Foreign Exchange (SAFE), will cut back on overseas equity buys next year after suffering major losses on the collapse of US lender Washington Mutual (WaMu), according ...
Read moreVanguard was reliably informed by banks’ foreign exchange dealers and bureau de change (BDCs) operators that contrary to expectations the apex bank did not sold foreign exchange yesterday. Vanguard investigation revealed that instead of selling to ...
Read more52-week high of 16.72 euros, reached in January 2008. The DJ European Stoxx Basic Resources Index trades up 3.11 percent. As of 0921 GMT, zinc trades at $1,275 on the London Metals Exchange. Shanghai zinc futures stormed 6 percent higher
Read moreMUMBAI: Despite the central bank’s foreign exchange horde dipping $23.4 billion during April-September 2008, the Reserve Bank of India (RBI) has managed to improve its earnings from forex reserves by about 30% over the same period a year ago ...
Read moreJan 07 - Short-Term Forex Technical Outlook: USD/JPY (Update) Jan 06 - A Clear Channel And Immunity To Risk Trends Stabilizes AUDCAD Range Jan 06 - Euro Expected to Form a Low Soon; British Pound Breakout Trade Jan 06 - Short-Term Forex Technical ...
Read moreBRASILIA (Dow Jones)--Brazil posted net foreign exchange outflows of $983 million in 2008, down from $87.45billion in net inflows reported during 2007, the central bank said Wednesday. The annual net foreign exchange outflows were the first posted by ...
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