It's the depreciation of the dollar against major currencies that helped the Reserve Bank of India show a rise in the forex kitty of the country. ...See all stories on this topic »
Half of India forex rise from dollar fall
Source: www.indianexpress.com
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USDCAD pulled back from 1.0038
After breaking above the upper line of the price channel on 4-hour chart, USDCAD pulled back from 1.0038. Range trading between 0.9925 and...
China putting reserves to work the old fashioned way
They’re buying stuff…In the 80s, the Japanese bought up real-estate like Rockefeller Center and Pebble Beach. In the 90s, the European snapped up telecom companies. Today, the Chinese are buying industrial companies, or pieces of them. The latest example if the politically-incorrect...
Global miner BHP take a 58% price cut in coal
BHP Billiton has agreed to a 58% price cut for the coal it sells to major steel makers. This is pretty much in line with the expected cut of 60% analysts had forecast. The deal signals a looming price cut in other main steel making ingredient, Iron ore. The 58% cut in price equates to a benchmark...
NZ terms of trade -3% vs -3.7% expectation
Export prices fell faster than import prices in Q1 which resulted in a fall of 3% in New Zealand’s Terms of Trade index. This was better than the street had expected. The NZD is unchanged against the greenback at...
Weekly Forex Market Followup (February 27th – March 2nd 2012)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events for the Week of February 27th through March 2nd The following table lists the key economic data and other events that came out during the week of February 27th through March 2nd, with release times displayed for the GMT time zone. The...