Search Results for 'Market'

State bank does good job of stabilizing currency market

Tran Anh Tuan, general director of NamABank, said the central bank’s foreign exchange rate measures got positive result as individuals and businesses preferred to sell US dollar to commercial bank. Many lenders have widened the d [...]

Posted On : Apr, 27 2011 | Comments : 0

Dollar Lifts As Fear Returns To Currency Markets

The dollar rose broadly in New York trade Wednesday as Middle East violence, Japan's nuclear crisis, and euro zone debt convulsions prompted a renewed interest in the greenback as an attractive safe-haven option. Notably, the do [...]

Posted On : Mar, 24 2011 | Comments : 0

Baht Advances as G-7 Intervention Stabilizes Currency Market...

Thailand’s baht rose on speculation intervention by the Group of Seven nations to curb the yen’s rally following the earthquake and nuclear crisis in Japan will stabilize markets, boosting demand for emerging-market assets. [...]

Posted On : Mar, 21 2011 | Comments : 0

BoU intervention in currency markets might be dangerous

Recently, the Shilling has hit a historic low against the dollar (2,395/40) and Bank of Uganda has deemed it necessary to stabilise what it now referred to as the erratic volatility of the Shilling. How did it interv [...]

Posted On : Feb, 01 2011 | Comments : 0

UPDATE: Chile Central Bank Decides To Intervene In Currency ...

Chile's central bank will intervene in the local currency market, increasing its foreign-currency reserves by $12 billion in 2011, the bank said Monday. With the peso trading at a 32-month high against the dollar, after appreciating [...]

Posted On : Jan, 04 2011 | Comments : 0

Talk of the day -- Three measures to stabilize currency mark...

The Central Bank of the Republic of China (CBC) has tightened monitoring of investment activities of local financial service providers abroad and taken new steps to stabilize the Taiwan dollar amid a global capital overflow. It has repor [...]

Posted On : Dec, 24 2010 | Comments : 0

Currency Markets In Flux Over Euro, Dollar Prospects

Currency watchers are still struggling to figure out which they hate more: the euro or the dollar. As the European sovereign debt crisis reaches unprecedented stress levels, it would be simple to assume the 16-country currency is ripe fo [...]

Posted On : Nov, 29 2010 | Comments : 0

Japan intervenes in currency market to weaken strong yen for...

Traders say Japan has intervened in the currency market to weaken the yen for the second time in just over a week. In early afternoon trading Friday, the dollar jumped suddenly from mid-84 yen to as high as 85.38 yen. A strong yen hurts [...]

Posted On : Sep, 24 2010 | Comments : 0

Currency Market Moves With Euro Down

Euro The euro continues to be in the spotlight during the currency trading session on Wednesday. Due to the numerous debt concerns in the euro zone in total, it has become a trend that the euro will suffer throughout the day’s [...]

Posted On : May, 28 2010 | Comments : 0

ECB to hold interest rates, market focus on Greece

He European Central Bank is expected to leave interest rates at a record low of 1 percent on Thursday but all attention will be on how much more support the central bank is prepared to give to Greece. Despite insisting in January that it [...]

Posted On : May, 04 2010 | Comments : 0

Australian Dollar Near 1-Month Low as Market Pares Rate Bets...

Australia’s dollar traded near its lowest in more than a month as speculation the global economic recovery may slow prompted traders to pare expectations of an interest-rate increase when the central bank meets tomorrow. New [...]

Posted On : Feb, 01 2010 | Comments : 0

Leave currency to markets Marcus

Reserve Bank governor Gill Marcus has nailed her colours firmly to the mast of non intervention in the currency market and refraining from support to keep the rand at a particular level However, she diplomatically said yesterday that [...]

Posted On : Nov, 20 2009 | Comments : 2

Currency Market This Week - Nov 2

The U.S. Federal Reserve is expected to leave key rates unchanged at ultra low levels at its monetary policy meeting this Wednesday. However, Perry Li, a senior analyst at Forex Signs Inc., said the American central bank might alter some wo [...]

Posted On : Nov, 02 2009 | Comments : 0

Currency Market to Encounter Flurry of Rate Decisions from R...

With the Reserve Bank of Australia, Bank of England, and European Central Bank all scheduled to announce rate decisions next week, the FX markets will have no shortage of market-moving indicators on hand. Clearly, this leaves the Australia [...]