Foreign Exchange
India and Singapore Exchanges in discussion
10 March 2010 – National Stock Exchange of India Limited (NSE) and Singapore Exchange (SGX) have signed a Memorandum of Understanding (MOU) to cooperate in the development of a market for India-linked products.
Under the MOU, both exchanges aim to explore future collaboration in the expansion, development and promotion of India-linked products and services to be [...]
The US$ rose yesterday against major currencies
The USD rose against major currencies Thursday as the US Federal Reserve was reported to be more confident about the economic outlook.
The US central bank decided Wednesday to maintain the target range for the federal funds rate at Zero to 0.25 percent.
The Fed said in a statement that economic conditions are likely to warrant exceptionally [...]
The dollar is continuing to lag against most of its major rivals
The dollar is continuing to lag against most of its major rivals – save for the yen – early Thursday, even though moves against most currencies are limited ahead of the month-end and looming holidays in Japan and much of Europe.
Overnight, the dollar remained pressured by the worldwide rise in risk appetites that took hold [...]
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U.K. Shrinks Most Since Thatcher Era Dawned in 1979
The U.K. economy shrank more than economists forecast in the first quarter in the biggest contraction since Margaret Thatcher came to power in 1979.
Gross domestic product fell 1.9 percent from the final three months of 2008 as manufacturing and business services posted record declines, the Office for National Statistics said today in London. The median [...]
WORLD FOREX: Yen And Dollar Assert Comeback Against Rivals
NEW YORK (Dow Jones)–The yen asserted its comeback Monday against riskier rivals including the dollar and euro with a decline in U.S. stocks and in connection with trading strategies in Japan.
The dollar fell to a three-week low of Y97.66, off an intraday high of Y99.42. The euro dropped to more than a one-month low of [...]
Email Alerts
Guest: China reported sharper-than-expected increases in consumer and producer prices.
Guest: China Gerui Advanced Materials (CHOP) Shares Climb 6% After Earnings Report
Guest: China Mobile (ADR) (NYSE: CHL) has agreed to acquire 20 percent stake in Shanghai Pudong Development Bank. Deal expected to be worth $5B
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