Colombia's Central Bank To Buy $20M Daily In Forex Market

Source: www.google.com

BOGOTA (Dow Jones)--The central bank announced late Friday that it will start buying at least $20 million a day in the foreign exchange market next week, a move designed to boost its international reserves that could also curb the peso's surge since ...See all stories on this topic »


Read more...

  • FOREX-Euro slides after weak EZ data, G8 meet awaited

    By Naomi Tajitsu LONDON, June 12 (Reuters) - The euro fell on Friday, hitting the day's low against the dollar after a plunge in euro zone industrial output ... See all stories on this...

  • We used to sell dollars on bad auctions; now we sell dollars on good auctions

    Heads I win, tails you lose. That’s the way things are working for the greenback. News is either dollar bearish or it is supportive of the US economy which increases risk assumption, the reflation trade, yada yada… No helping matters are comments from the Fed’s Lockhart who says...

  • BRICs flexing muscles

    Reuters reports that Brazilian President Lula wants the BRIC countries to forge a common front on reforming multinational groups like the UN and IMF. Lula also announced a $10 bln contribution to the IMF. If the BRICs are willing to fund these and other programs, then by all means they should have...

  • You Can No Longer Trust This “Leading” Economic Indicator

    You Can No Longer Trust This “Leading” Economic Indicator by David Fessler, Investment U Senior Analyst Wednesday, October 19, 2011...

  • FOREX VIDEO - Pre London Outlook September 18th 2009

    Hey everyone, today’s presentation is no different to what I have been putting out this whole week. It’s all about the Euro Pound cross as our guiding light for today’s trading. I once again use this cross to build a trade plan for the Pound USD and the Pound Yen. I am posting this video a...