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
The next key psychological resistance is at 55,” India Forex Advisors Founder & CEO Abhishek Goenka said. Since the US dollar is gaining strength against the major counterparts like euro, we can see rupee weakening further. We expect a 1-3 months range … See all stories on this topic »
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Rupee may move in the range of 55-57 in medium term: Experts
Economists and traders have been suggesting that the government route payments for oil imports through forex reserves to cushion the market impact. Oil companies need an average of $500 million a day. The rupee declined 1.5% this week to 54.4250 per … See all stories on this topic »
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Rupee sinking but RBI to act when it will have some impact
I expect the RBI to come in with some measures which will pull back the rupee to 54-53.50 levels to the dollar,” said Subramanian Sharma, director at Greenback Forex . The USD/INR settled at 54.42/44 per dollar on Friday compared to Thursday's close of … See all stories on this topic »
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Rupee rebounds after hitting latest record low
No test on 1.2625 for EUR/USD this week, as the Swiss supranational stands his ground – ahead of 1.2700. Despite negative stocks, the EUR has set its weekly range, and looks to head into the weekend on a 1.2700 handle, though we expect lower levels are … See all stories on this topic »
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Forex – EUR/USD, GBP/USD, EUR/GBP Flows: cross edges into key sell zone?
Following the success of their interactive trading lessons, leading binary options brokerage, Banc De Binary, is expecting thousands to attend CEO Oren Laurent's webinar on “Binary Options – vs – Forex .” Banc De Binary, the world's leading binary … See all stories on this topic »
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Banc De Binary's CEO Teaches Customers How to Trade
Inflation in Canada rose more than expected in April according to a CPI report released on Friday, driven up by higher gasoline prices. CPI came in at 2.0 percent, up from 1.9 percent in March. However this matches the Bank of Canada's target rate. See all stories on this topic » Trading Point
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Forex News – Canadian inflation rate rises in April, within BOC target
FXstreet.com (Barcelona) – The single currency has been falling against the British pound, accumulating a daily loss of 0.05% after the announcement of Germany's consumer price index. The CPI of the biggest economy of the eurozone came out short of … See all stories on this topic »
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Forex: EUR/GBP drifting downwards after German CPI
FXstreet.com (San Francisco) – In recent hours, the GBP/JPY pair has been trading within a tight 30-pip range between 125.06 and 125.37 this Friday in Asia after sinking to a 3-month low during the overnight session. The cross managed to break through … See all stories on this topic »
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Forex: GBP/JPY hovering above 125.00 after sharp drop
FXstreet.com (San Francisco) – After trading in consolidation mode from 1.0178 4-month high in a pause in its rally from 1.0100, the USD/CAD has resume its uptrend and it is testing highs at 1.0178 again. Now at 1.0170, the USD/CAD is rising 0.50% so … See all stories on this topic »
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Forex: USD/CAD rises to test 1.0178 again
