Indian rupee hits all-time low against the dollar
By ERIKA KINETZ, AP Business Writer – 3 days ago MUMBAI, India (AP) — The Indian rupee hit a fresh all-time low against the dollar Wednesday, as risk averse global investors wary of India's twin deficits drowned out central bank efforts to stem the currency's slide.The rupee hit 54.44 … [Read More...]
India’s forex reserves drop by $1.37 billion
WWW.IANSLIVE.IN DISCLAIMER TERMS OF USE By accessing ianslive.in, you have read, understood and agree to be legally bound by the terms of the following disclaimer and user agreement: This Site is owned and operated by IANS Group and contains material which is … [Read More...]
Dollar Stumbles but Doesn’t Break Trend Into Week End
DailyFX | May 19 2012 1:32 EDT The Dow Jones FXCM Dollar Index put in for its first two-day bearish performance in three weeks Thursday and Friday, but this was more a technical development than a trend change.Dollar Stumbles but … [Read More...]
Forex – USD/CAD firms as euro sends greenback down
Forexpros - The Canadian dollar rose against its U.S. counterpart on Friday after approaching the pair's lowest levels for 2012 on the coattails of a rising euro, which sent the greenback falling and demand for higher-risk assets like the Canadian dollar rising. In U.S. trading on Friday, USD/CAD … [Read More...]
SURVIVING THE EUROSHOCK: Britons rush to ditch euros…but some will buy a …
By Richard Dyson And Jo Thornhill PUBLISHED: 20:56 GMT, 19 May 2012 | UPDATED: 20:56 GMT, 19 May 2012 'Lucky': Christine and John Watson, with Bonnie, left, and Ruby, got the asking price for their spacious French home in Poilhes on the Canal du MidiBritons are switching record sums … [Read More...]
Forex gains buoy banks
Sri Lanka’s commercial banks have benefited sharply from the volatility in the foreign exchange rates prevalent during the January-March quarter this year, although the upward revision in interest rates has, on the other hand, affected their bottom lines by contracting their net interest margins. … [Read More...]
Euro Drops Versus Dollar, Yen on Greece Crisis Contagion Concern
The euro fell for a third week against the dollar, reaching a four-month low, after the failure of Greek leaders to form a government increased concern the debt crisis may spread to other nations in the monetary union. The 17-nation currency dropped for a fourth week against the yen as investors … [Read More...]
US Dollar Makes A Break To 16-Month Highs As Fear Creeps In
By John Kicklighter, Sr. Currency Strategist US Dollar Makes a Break to 16-Month Highs as Fear Creeps In Fundamental Forecast for the US Dollar: Bullish CPI and retail sales do little to alter the outlook for … [Read More...]