UPDATE 1-Russian rouble steady after c.bank announcement (The Forex Market)

MOSCOW, Jan 23 (Reuters) – The Russian rouble held firm on Friday, a day after the central bank sought to stem a two-month run of creeping devaluation by setting out its boundaries for the currency. Read more….

UPDATE 2-Russian rouble steady, Putin backs FX policy shift (The Forex Market)

MOSCOW, Jan 23 (Reuters) – Russia’s rouble held firm on Friday after the central bank gambled on setting a floor 10-percent below current levels, in a bid to end a slide that has knocked a fifth off its value. Read more….

Obama’s New Strategy on China is USD Negative

The US dollar and the Japanese Yen, the two lowest yielding G10 currencies continue to be the two best performing. It is important to remember that the dollar and the Yen are not rallying because investors have grown more optimistic about those currencies but because they are more pessimistic about the outlook for the US [...]

USD/JPY: Keeping Its Head Above Water Thanks to BoJ

There is a lot of talk this morning that the Bank of Japan is checking currency rates. The Japanese Yen has continued to rise over the past 24 hours and by checking rates, the central bank is keeping a very close eye on where the Yen is trading. Given that it is 11pm in Japan [...]

HKMA chief: Hong Kong’s monetary stability still supported by Exchange Fund despite losses (People’s Daily)

The Exchange Fund is still capable of supporting the Hong Kong dollar’s exchange value and ensure monetary stability although it posted a record investment loss last year, Hong Kong Monetary Authority (HKMA) Chief Executive Joseph Yam said here on Thursday. In his weekly Viewpoint column published here on Thursday, Yam, head of Hong Kong’s de [...]

Russia widens FX corridor, rouble holds firm (The Forex Market)

MOSCOW, Jan 22 (Reuters) – Russia’s rouble held firm in early trade on Thursday, for a third day shrugging off news that the central bank has widened the trading corridor — a move which used to spell an immediate fall to the weaker boundary. Read more….

(AFX UK Focus) 2009-01-22 07:31 Russia widens FX corridor, rouble holds firm (Interactive Investor)

MOSCOW, Jan 22 (Reuters) – Russia’s rouble held firm in early trade on Thursday, for a third day shrugging off news that the central bank has widened the trading corridor — a move which used to spell an immediate fall to the weaker boundary. By 0711 GMT the rouble was trading at 37.35 versus the [...]

UPDATE 2-Russia seeks to set floor for rouble (The Forex Market)

MOSCOW, Jan 22 (Reuters) – Russia’s central bank sought to put a limit on the rouble’s gradual slide on Thursday, setting its floor 10 percent below current levels after the currency stabilised in recent sessions. Read more….

FACTBOX-Key moves in Russian rouble (The Forex Market)

MOSCOW, Jan 22 (Reuters) – Russia’s central bank sought to put a limit on the rouble’s gradual slide on Thursday, setting floor for thecurrency 10 percent below current levels. Read more….

(AFX UK Focus) 2009-01-22 18:32 FACTBOX-Key moves in Russian rouble (Interactive Investor)

MOSCOW, Jan 22 (Reuters) – Russia’s central bank sought to put a limit on the rouble’s gradual slide on Thursday, setting floor for thecurrency 10 percent below current levels. The move ended a two-month long period of creeping devaluation that cut the rouble’s value by around 20 percent. — For a story on Thursday’s statement [...]

Euro Mixed Versus Major Counterparts (INO News)

(RTTNews) – The euro saw mixed results against other major currencies on Wednesday. Traders considered the latest German PPI data and comments from European Central Bank President Jean-Claude Trichet indicating weakness in the economy could last through the year. Read more….

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