FOReign EXchange

Daily Times - Payment to oil suppliers is made directly by the IDB. The repayment of principle and the mark-up amount is made by the SBP after maturity. Repayment instructions to the SBP are issued by the EAD. Moreover, foreign exchange fluctuation is also picked

ECB Foreign Exchange Reference Rates - Nov 23
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Colombia's Peso Falls Before Bank's Decision on Interest Rates
Bloomberg - The peso weakened 0.3 percent to 2,087 per dollar at 12:07 p.m. in New York, according to the Colombian foreign- exchange electronic transactions system, known as SET-FX. The currency has dropped almost 4 percent against the dollar this

Colombia Bank May Hold Rate on Slowing Inflation, U.S. Concerns
Bloomberg - New York time, according to the Colombian foreign-exchange electronic transactions system known as SET-FX. To contact the reporter on this story: Helen Murphy in Bogota at Hmurphy1@bloomberg.net Last Updated: November 23, 2007

Rupee moves downward against dollar
Economic Times - MUMBAI: The rupee continued its downward journey against the US currency and was quoted three paise lower in late morning trade on heavy month-end dollar demand amid a turnaround in equity markets. In quiet trade at the Interbank Foreign Exchange

Indian shares lower in choppy trade on Wall St drop, poor foreign fund
Forbes - As per provisional data available on the National Stock Exchange, foreign funds were net sellers of equities worth 20 bln rupees yesterday, dragging the benchmmark Sensex lower by 3.5 pct. Wall Street fell overnight on fears about consumer

PFC to set up Rs 200 cr SPV in Mauritius
Hindustan Times - The RBI, which has foreign exchange reserves of Rs 27,100 crore (as per RBI data), is planning to invest Rs 200 crore in the Indian power generation and utility sector, the official said. "The SPV is being launched at the behest of the Prime

Yuan rises past 7.40 against US dollar
South China Morning Post - The yuan yesterday rose as high as 7.3912 to the dollar after the Chinese Foreign Exchange Trading System set the mid-price at 7.3992 when the market opened. The mainland's currency closed at 7.406, or 0.11 per cent higher than the previous finish

Aerospace group EADS might cancel sale of Airbus factories: report
Tehran Times - The plane maker produces mainly within the eurozone but sells its aircraft in dollars, leaving it vulnerable to serious foreign exchange effects, and a potential buyer of the plants could suffer as a result. In an interview published Thursday by the

Forex trade changes boost liquidity -Bank of Canada
Reuters - OTTAWA, Nov 22 (Reuters) - New technology and "democratization" of the global foreign exchange market helped that market maintain liquidity during the financial market turmoil last summer, a Bank of Canada study said on Thursday. The shift to

Canada dollar dips in light trading, bonds mixed
Reuters - There's a lack of liquidity and I think that has as much influence on what's going on in the market today than anything else," said Jack Spitz, director of foreign exchange at National Bank Financial. U.S. markets closed early following the U.S

China to pay in euros for Areva nuke plants-source
Reuters UK - The news comes amid speculation that China has modified the composition of its $1.4 trillion worth of foreign exchange revenues amid concern at the slide in the U.S. currency. Chinese officials have said, however, the dollar continues to make up most

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CNBC - Macy's, Toys "R" Us and others with locations in big cities also enjoyed increased business from foreign shoppers reveling in exchange rates that made discounts even deeper. Melissa O'Brien, spokeswoman at Wal-Mart Stores Inc., which offered such

India's forex reserves at $271.148 bn on Nov 16
Economic Times - MUMBAI: India's foreign exchange reserves rose to a record $271.148 billion on November 16, from $270.181 billion a week earlier, the Reserve Bank of India said in its weekly statistical supplement on Friday. Analysts said a part of the increase in

Weak dollar adds to upward pressure on crude
Marketwatch - story [of the oil price rise] is demand from emerging markets -- in particular, China -- but in recent months, the dollar has depreciated sharply," which has in turn pushed up crude to all-time highs, said David Powell, senior foreign exchange

No relief for the sliding dollar
Financial Times - Ordonez, governor of the Bank of Spain and an ECB council member, said world financial turmoil threatened a stronger-than-expected slowdown in the eurozone, while Jean Claude Trichet, ECB president, said “brutal” movements in the foreign exchange

Foreign Exchange Stabilization Bond Price Plunges
Donga.com - The KOSPI index continued to drop for the seventh consecutive day Friday, dropping by around 200 points during the period. Due to widespread concerns in the financial sector, the foreign exchange stabilization bond price plunged, while its spread

Yuan rises to post-2005 high against U.S. dollar
International Herald Tribune - add to the argument for sustained and substantial yuan appreciation." The currency advanced 0.18 percent, the biggest gain in two weeks, to 7.4010 against the dollar in Shanghai, from 7.4257 a week ago, according to the China Foreign Exchange Trade

Brazil stocks gain on oil, metals rise; real falls
Reuters UK - The currency fell after a purchase of dollars in the foreign exchange futures market that a trader at a local brokerage estimated at around $300 million. The real had been trading near its strongest level in seven and a half years for weeks before

Dollar Rebounds From Thrashing
Street.Com - It is difficult to find much rhyme or reason in today's wild price action in the foreign exchange market. I am inclined to dismiss it as a fluke recorded without much participation. However, it may provide a good opportunity to sum-up our outlook

Argentine stocks flat as investors eye US economy
Reuters - In the foreign exchange market, the peso currency weakened as investors seeking refuge from falling bond prices bought U.S. dollars. In formal interbank trade the peso shed 0.16 percent to close at 3.1425/3.145 per dollar . In informal

RBI intervenes in forex to check rupee rise: FM
Daily Pioneer - The Reserve Bank of India has intervened in the foreign exchange market to reduce undue volatility and check the appreciation of rupee against the US dollar, Finance Minister P Chidambaram said on Friday. A fall in the dollar against major currencies

Deep Ocean Q3 EBITDA below consensus on negative forex movements
Forbes - OSLO (Thomson Financial) - Norwegian offshore services firm Deep Ocean posted third quarter EBITDA of 113.3 mln nkr, up from a pro forma figure of 101.2 mln for the same period last year, but slightly below forecasts on negative foreign exchange

Federal budget surplus $9.3B in half year, on course for record tax
Edmonton Sun - The six-month "financial source-requirements measure" - which calculates all cash coming in, versus going out, and includes non-budgetary capital assets, government investments and foreign exchange activities - had a surplus of $13.4 billion, up from

Investing: Can Boeing continue to ride the wind?
International Herald Tribune - It is down about 30 percent over the last two years, although foreign-exchange movements mean that the euro-denominated shares would be worth roughly the same number of dollars today. Boeing is up about 27 percent during the same period, but it had

Four New Ways to Invest in Foreign REITs
Street.Com - After a long period without any new exchange-traded funds, Barclays ( BCS - Cramer's Take - Stockpickr ) seems to be back in the game. Earlier this month, it listed a bunch of exchange-traded notes that track commodities, and now it's coming back to

Expat Aussies move for Rudd
News.com.au - A SURVEY of overseas Aussies reveals Kevin Rudd has the support of expats - but home polling reveals John Howard is within reach of a shock fifth election victory. Global foreign exchange provider OzForex polled 101 Australians in London this week

The 50 most influential Americans in Britain
Daily Telegraph - Trashing the greenback has now spread beyond foreign exchange dealing floors, with Brazilian supermodel Gisele recently stating her preference to be paid in currencies whose value is rising. Despite an ailing dollar, Americans still wield plenty of

Dollar will yield global status only grudgingly
San Diego Union-Tribune - Global foreign exchange reserves have exploded recently and at the end of the second quarter stood at $5.7 trillion, the latest International Monetary Fund data on reserves show. That's almost triple the $2 trillion total at the end of 2001, just