Blogs Posts in World Currency category; 547 blog posts

Asia FX edges up on Greece amid some profit-taking

SINGAPORE: Most emerging Asian currencies rose slightly on Tuesday after euro zone policymakers reached a deal on a Greek rescue fund, while some investors took profits on the belief the accord had already been largely factored in. Eur [...]

Posted On : Feb, 22 2012 | Comments : 0

Euro Area Leaders Consider Greek Exit at Their Own Peril: Vi...

Leaders of the euro area’s wealthier nations are increasingly raising a provocative question: Might the common currency now be strong enough to end the bailout agony and let Greece go? The short answer is no. In fact, the euro area [...]

Posted On : Feb, 20 2012 | Comments : 0

As China’s Currency Rises, U.S. Keeps Up Its Pressure

WASHINGTON — With little fanfare, China’s currency has appreciated significantly in the last year and a half, leading many economists to question whether the exchange rate is still the most important economic issue for the Uni [...]

Posted On : Feb, 16 2012 | Comments : 0

Asian Currencies Advance on China Plan to Help Resolve Europ...

The Philippine peso and Malaysia’s ringgit led gains in Asian currencies after China said it will help resolve Europe’s debt crisis. The country with the world’s biggest currency reserves is ready to participate in pr [...]

Posted On : Feb, 15 2012 | Comments : 0

Asia Currencies Drop, Led by Ringgit, as Moody’s Cuts Italy,...

Asian currencies weakened, led by Malaysia’s ringgit, after Moody’s Investors Service cut the debt ratings of six European countries including Italy, Spain and Portugal, sapping demand for riskier assets. The uncertainty over [...]

Posted On : Feb, 14 2012 | Comments : 0

What if Greece had to get a new currency?

The eurozone crisis is not just about political deals or high finance. It is also about confidence in the cash in people's pockets. The euro was meant to symbolise a more united and stable continent for every eurozone citizen. But [...]

Posted On : Feb, 13 2012 | Comments : 0

Foreign Currency/Fixed Income Commentary

The Treasury Bond/Note uptrend channel – slow and gradual – continues. Currently the low yield level of this trend, for the 10-year note, is about 1.85% (it reached that a few days ago) and the high level is about 2.05% [...]

Posted On : Feb, 11 2012 | Comments : 0

Japan Confirms Its On-the-Sly Yen Intervention

TOKYO—Japan continued to conduct "stealth" interventions in the currency market after its highly publicized yen-selling campaign on Oct. 31, data released by the Finance Ministry confirmed Tuesday. In a sign of the gove [...]

Posted On : Feb, 08 2012 | Comments : 0

Currency trading in London surges

Foreign exchange trading in London, the world’s currency hub, surged as worries over the eurozone crisis grew last autumn, figures released on Monday showed. Average daily turnover for trade in global currencies in the UK was just l [...]

Posted On : Feb, 07 2012 | Comments : 0

Currency outlook & strategy from brokers

ICICIdirect expects the US dollar to attract some selling pressure on rallies against the INR. ``Utilize the highs in the USD/INR February contract to sell below 49.22 with target of 49.06/48.98 and a stop loss of 49.30,`` it says. ``I [...]

Posted On : Feb, 06 2012 | Comments : 0

Patna: 2 held with fake currency notes worth R 4 lakh

Patna: Police today arrested two inter-state gang members and seized Fake Currency Notes of the face value of Rs four lakh in two bags from them, SSP (Patna) Alok Kumar said. Acting on a tip-off, police raided a place in Karbigahiya and a [...]

Posted On : Feb, 05 2012 | Comments : 0

U.S. stocks, euro dip on weak economic data

NEW YORK (Reuters) - U.S. equities and the euro slid on Tuesday after weaker-than-expected U.S. economic data added to gloom over ebbing hopes for a Greek debt restructuring deal. Markets had started the session on a more optimistic note, [...]

Posted On : Feb, 03 2012 | Comments : 0

Iran currency tumbles to new record low

The Iranian currency, the rial, tumbled Monday in blackmarket trading to a new record low against the dollar, news agencies said, as the EU moved to impose an oil embargo and fresh sanctions on Tehran. The unofficial rate in central Tehr [...]

Posted On : Jan, 24 2012 | Comments : 0

Overseas education plans hit by currency woes

Indian students are having to rethink their plans for a foreign education after a sharp slide in the Indian rupee against major Western currencies, and banks cutting back slightly on loans for overseas study because of a perception that t [...]