FOReign EXchange

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

China's yuan breaks 7.4 mark against U.S. dollar
Xinhua News Agency - BEIJING, Nov. 23 (Xinhua) -- China's currency, the yuan, Friday hit a new high against the U.S. dollar for the second consecutive day, smashing the 7.4-yuan mark, according to the Chinese Foreign Exchange Trading System. The central parity rate of

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

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

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

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

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

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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

Brutal Currency Moves Not Welcome: Trichet
CNBC - European Central Bank President Jean-Claude Trichet on Friday repeated that he did not welcome "brutal" currency movements and markets should recognize the improved strength of the Japanese economy. Japanese authorities say foreign exchange rates

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

Bangladesh's shrimp sector faces $36 mln loss due to cyclone
Xinhua News Agency - DHAKA, Nov. 22 (Xinhua) -- Bangladesh's shrimp or frozen food industry, the second largest foreign exchange earner, may suffer an estimated loss of about 2.5 billion taka (about 35.7 million U.S. dollars) due to Cyclone Sidr, local newspaper The

Thomas Cook gold quote: C$813 at close Friday
Canada East - TORONTO - Gold was quoted at C$813 bid (US$822) and C$814 asked (US$823) at the close of trading Friday by Thomas Cook, a major gold and foreign exchange dealer. At the close, silver was quoted at C$14.42 bid (US$14.58) and C$14.56 (US$14.71). Log in