Friday, November 23, 2007

EU's Almunia: Forex Volatility Has Risen
Volatility in foreign exchange markets has increased and is likely to continue, the European Union's top monetary affairs official said Tuesday.

Japan to bolster forex data track in tax-dodge crackdown
HONG KONG (MarketWatch) -- Japanese officials will revise tax laws next year to require brokers turn over more documents showing client earnings on foreign exchange margin trading amid growing concerns investors may be dodging profits tax on such trades, according to reports. The tax law will be amended to require broker disclosure on foreign exchange margin trades on over-the-counter ...

Dollar hits fresh record low against euro
The dollar hit a new record low against the euro on Friday in a market worried over lower forecasts for US growth, dealers said.

BNP Paribas demands forex trade payment from SembMarine
SINGAPORE: SembCorp Marine said BNP Paribas is demanding payment from a subsidiary for foreign exchange losses, putting the rig maker on course for a legal row with France's biggest listed bank.

Forex - Dollar stable against euro in quiet Thanksgiving holiday
LONDON (Thomson Financial) - The dollar was stable against the euro as the closure of US markets for the Thanksgiving holiday kept some players away from their desks, helping to alleviate the recent pressure off the struggling currency.

(AFX UK Focus) 2007-11-23 09:55 GMT: Forex - Pound deepens losses as Q3 GDP revised down
LONDON (Thomson Financial) - Sterling's losses deepened after data showed economic growth was weaker in the third quarter then previously thought.

US$ 3.2 Trillion During Abu Dhabi Forex Expo & Conference
US$ 3.2 Trillion During Abu Dhabi Forex Expo & Conference
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