FOReign EXchange

Reuters India - MUMBAI (Reuters) - Power equipment maker Siemens Ltd on Thursday reported a surge in net profit for the fourth quarter ending September aided by forex gains and profits from the sale of a subsidiary. The company reported net profit of 3.1 billion

FOREX-Dollar slides to record low vs euro after Fed outlook
Reuters - NEW YORK, Nov 20 (Reuters) - The dollar slid to a record low versus the euro on Tuesday after the Federal Reserve said a housing slump, tighter credit conditions and high oil prices would likely slow U.S. economic growth in 2008. The forecast was

Dollar hits new low against euro amid warnings from Europe
New Straits Times - There is no longer any emotional attachment nor aversion against the yen's appreciation among Japanese politicians and corporate executives which we saw a few years ago," said Toru Umemoto, chief forex strategist at Barclays Capital. The US central

Forex - Dollar stable against euro in quiet Thanksgiving holiday
Forbes - 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. With these

Re loses 14 paise, call rates crash
Economic Times - RBI deputy governor Rakesh Mohan reiterated on Thursday that the central bank actively intervened in the market, which also hurt sentiment in the forex market. Yields on forward contracts dipped on Thursday, with the yield on the one-month

UPDATE:ECB Draghi:Financial Market Turmoil,Forex May Spur Bank Mergers
FXStreet.com - FRANKFURT -(Dow Jones)- Recent financial market turmoil and foreign exchange rate fluctuations may prompt cross-border bank mergers, European Central Bank governing council member Mario Draghi said Thursday. "Current developments in financial markets

U.S. Forex Market Commentary
FXStreet.com - The euro fell marginally vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4820 level and was capped around the $1.4870 level. Liquidity was reduced on account of the U.S. Thanksgiving holiday. Data released in the