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The ECB decided to leave interest rates unchanged yesterday, which was expected by the market. But then the central bank’s president announced more quantitative easing, but at the same time saying the ECB has done enough already. This confused the ...
Read moreMUMBAI: Though IT exporters are expected to report a revival in business momentum during the June 2009 quarter, the appreciating rupee is likely to impact their financial performance adversely. It also needs to be seen whether IT vendors are able to ...
Read moreInvestors or speculators who hitherto found the foreign exchange (forex) market a profitable meeting place are probably looking elsewhere for quick returns. This of course, is as a result of the gap between the official and parallel market rates ...
Read moreCOPENHAGEN, July 2 (Reuters) - Denmark's foreign exchange reserves rose by 5.0 billion crowns to 330.3 billion ($62.59 billion) in June against economists' expectation of no change, central bank data showed on Thursday. The central bank, whose main ...
Read moreIn the foreign exchanges, the weaker-than-expected payrolls data prompted a surge in risk aversion, with the U.S. dollar rising against the euro but falling against the Japanese yen. However, some of these moves have now been reversed in Asian and ...
Read moreThe U.S. dollar and the yen were rangebound, with many investors sidelined ahead of key U.S. monthly jobs data due out tonight. The dollar was little changed around 96.6 yen. The greenback ticked higher versus the euro, after a Chinese official ...
Read more* Dollar rises vs euro, falls vs yen after jobs data * ECB holds key rate at record low 1.0 percent as expected * New orders for U.S. manufactured goods rise in May * China quells FX reserves speculation, supports dollar (Adds analysts' comments ...
Read moreJakarta, (ANTARA) - Bank Indonesia`s Acting Governor Miranda S Goeltom said the country`s foreign exchange (forex) reserves in June reached US$57.6 billion, equal to 5.6 months of imports and the government`s overseas debt payment. The foreign ...
Read moreEUR-USD traded on a firmer footing after it continued to find support in front of the 1.4000 level during in the Asian session. Strong bids supported the pair on Tuesday and this theme continued overnight, which encouraged the pair to drift back in ...
Read moreTOKYO, July 3 (Reuters) - The dollar held gains made in the wake of bleaker-than-expected U.S. jobs numbers, hovering near its highest levels in a week against the euro on Friday and pressuring commodity currencies such as the Australian dollar. U.S ...
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