He said that banks may have recorded heavy forex gains as a result of gains enjoyed by wider margins on currency conversions through remittances and trade finance activities, and also through revaluation of assets held in foreign currencies. See all stories on this topic » Nation on Sunday
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Forex gains buoy banks
* Euro lifts off four-month low vs dollar * Greek politics, Spanish bank problems still weigh on sentiment NEW YORK May 18 (Reuters) – The euro rose from a four-month low against the dollar on Friday as investors pared bets against the single currency … See all stories on this topic »
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FOREX-Euro rallies from 4-month low but crisis remains
| TOKYO May 18 (Reuters) – Japanese Finance Minister Jun Azumi said on Friday that he was monitoring currency moves with extra care and that he was prepared to respond as appropriate after the yen rose to a three-month high versus the dollar and the … See all stories on this topic »
According to the research firm, the RBI is expected to use its forex reserves to stem the currency loss. Ever since the yearly low hit in Feb we have been seeing the rupee continue its fall in one way direction. Despite a lot of efforts from RBI and … See all stories on this topic » Moneycontrol.com
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RBI may use forex reserves to stem currency loss: Karvy
FXstreet.com (Barcelona) – The single currency is trading in the proximities of the 1.2720 region after the Spanish economic activity has posted its second consecutive contraction. In fact, the GDP has dropped 0.3% QoQ in April and 0.4% YoY. See all stories on this topic »
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Forex: EUR/USD flat after Spanish GDP
By Tendai Rupapa, 17 May 2012 A foreign currency dealer allegedly gave away her colleagues to suspected robbers who posed as police officers before robbing them of US$11 000 and 50 000 Rand. Letwin Maliselo (31), who operates near Road Port, … See all stories on this topic »
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Forex Dealers Robbed
FXstreet.com (San Francisco) – The horror show for INR continued yesterday as the currency traded to an all-time low against the US dollar; USD/INR pushed above the December 15th high and key resistance at 54.30 and closed in uncharted territory – at … See all stories on this topic »
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Forex: Rupee enters uncharted territory, at all-time lows
FXstreet.com (Barcelona) – The single currency has bounced off session lows around the 1.2680 region to trade back to the proximities of 1.2730, as risk aversion seems to be taking a breather amidst Greek concerns. Spanish and Italian debt markets were … See all stories on this topic »
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Forex: EUR/USD recovering some ground ahead of EMU data
FXstreet.com (Barcelona) – The bloc currency is not only trading back into positive figures, but also printing fresh session highs ahead of the FOMC minutes due later on, as the greenback is retracing early gains. At the moment EUR/USD is up 0.09% at … See all stories on this topic »
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Forex: EUR/USD in session highs, eyes on FOMC minutes
“The fundamentals look the same and we have the same commentary,” said Eric Viloria, senior currency strategist at Forex .com. “European officials want Greece to remain in the euro zone and will provide support but Greek officials are saying a lot of … See all stories on this topic »
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FOREX-Euro hovers near 4-month low on Greece fears
