Pedestrians are reflected on the electronics quotation board of the window of a security company in central Tokyo on May 13, 2013. Tokyo stocks rose 225.76 points or 1.55 percent to end morning session at 14,833.30 as the yen's fall accelerated after Japan avoided open criticism about its forex policy at a weekend meeting of Group of Seven financial chiefs.
It was a weak session for the rupee which was seen surpassing the key level of 55.20. Globally, the strong US dollar, weak Euro and negative stock markets added pressure on the rupee. Tomorrow's FOMC minutes, Bernanke's speech and BOJ press conference will be the key drivers for the forex market
Generating 150,000 jobs in the field of producing and processing the crop, earning 85 percent of forex revenues, as well as the low consumption of water, have helped boost output
You can't direct the forex market with words because at the end of the day it comes down to supply and demandMore quotes »
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The 'Rupee dilemma': What can be done?
to trade weak until the RBI reassures investor confidence by recouping at least the $65-billion (including forwards) of forex reserves sold since 2008. After all, the import cover —months of imports forex reserves can fund — has halved to about 7 months, last 7:22 PM from Economic Times Read more »
Dollar Mixed Ahead of Bernanke Testimony and Other Top Forex News.
advised to conduct your own independent research before making a decision. This website is an information site only. Accordingly, ForexNews makes no warranties or guarantees in respect of the content. The publications herein do not take into account the investment 3:09 PM from Forex News Read more »
Brazil cenbank mulling derivatives to curb FX volatility-Tombini
BRASILIA, May 21 (Reuters) - Brazil's central bank could use derivatives to reduce volatility in the foreign exchange market, central bank President Alexandre Tombini said on Tuesday. Speaking to lawmakers at a congressional committee, Tombini also said th 3:03 PM from Reuters Mobile Read more »
UPDATE 1-Egypt's c.bank to offer $800 million at forex auction on Wednesday
CAIRO May 21 (Reuters) - Egypt's central bank said on Tuesday it would offer $800 million to banks at an exceptional auction of foreign currency on Wednesday to cover the country's strategic import needs. The auction will be the central bank's second excep 2:08 PM from Reuters Mobile Read more »
Bernanke Watch: Forex Market Awaits Helicopter Ben's Testimony
split between improving employment and rising risk of deflation.” On the other hand, it should not come as a shock to see if spot forex (foreign exchange) tries to pre-play this scenario and allow the dollar a temporary “bull-run break” until all has been 10:52 AM from Forbes Read more »