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Bigger players sniffing around USD/JPY
I had heard of some large bids at 97.25 in USD/JPY and that was the overnight low, seemingly confirming the chatter. The market is currently trading 97.33/35 and there is only a total of about 100 mio on the bid down to 97.21 and that is with Tokyo up and running. Maybe the rumoured bids...
Rel Comm posts 51% decline in profits due to forex losses
RCOM, part of the Reliance Anil Dhirubhai Ambani group, has posted net profit of Rs 740 crore in the September quarter, compared to Rs 1,531 crore in the year-ago period. The forex loss of Rs 283 crore forced the company, which posted a marginal 1% rise in revenue to Rs 5,703 crore, to post a sharp...
Re-Entering our Full Long EUR/USD Position on an Intraday Dip
We were watching the open last night for signs of continued USD strength from Friday, but the last 15 hours have been...
FOREX-Ireland downgrade hits euro, dollar extends rally
By Steven C. Johnson NEW YORK, June 8 (Reuters) - The euro slumped against the dollar on Monday as another sovereign downgrade for Ireland helped the US ... See all stories on this...
It’s “nonsense” to think that Britain is out of the woods, says head of the IOD
The director-general of the Institute of Directors has warned of the dangers of believing that the British economy is through the worst of the financial...