RESERVE Bank governor Tito Mboweni has revised his opposition to interventions by the central bank in the foreign exchange market and is now willing to ...
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Bank changes tack on forex
Source: www.thetimes.co.za
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All together now: Reserve status secure
I missed this the first time around, but the IMF’s number 2, John Lipsky, says the dollar will retain its reserve currency status for “as far as we can see”. After weeks of talking down the greenback, officials from BRIC countries have begun to back-pedal as well, and the dollar...
Dukascopy Afternoon Forex Overview - Oct 20 2009
Previous session overview The euro remained stronger against the dollar in morning New York trading Tuesday, but has pulled back from overnight highs near the psychologically important USD1.50 mark after weaker-than-expected U.S. housing data dented risk appetite. However, the common...
GBPUSD rebounded from 1.5535
Being supported by the rising trend line from 1.4346 (Jun 8 low) to 1.5124, GBPUSD rebounded from 1.5535 level. Now the pair is forming a...
US Economy Awaits ADP Nonfarm Employment Figures
The Dollar continued its freefall against all the major currencies despite positive housing data figures from yesterday. Today, at 12:15 GMT, Forex traders will have the ability to enjoy hefty volatility in the market as the ADP Non-Farm Employment Change will be released. ForexYard also advises...
UK recession may have ended three months ago
Never fear, mates. The UK recession may have ended as long ago as March, says NIESR. It has not exactly been a robust recovery but there appears to have been slight upticks in growth in both March and April, the think tank says. The pound is performing robustly this afternoon amid the green shoots,...