Chinese Premier defends yuan policy strongly (The Malaysian Insider)

BEIJING, Jan 31 — Chinese Premier Wen Jiabao made a stout defence of his country’s currency policy, even as United States President Barack Obama’s administration sought to tone down its criticism over the yuan. Speaking in Berlin after meeting German Chancellor Angela Merkel late on Thursday, he said the yuan is “orientated towards market needs” [...]

Swiss franc slides to session low versus dlr (Reuters via Yahoo! Malaysia News)

LONDON, Jan 30 (Reuters) – The Swiss franc hit a session low versus the dollar on Friday, with traders citing option-related selling from hedge funds. Read more….

Indian Rupee Plunges To 1-week Low Against Dollar (Nasdaq)

(RTTNews) – Friday morning, the Indian rupee slipped to a 1-week low against the US dollar on an increased dollar demand by banks and concerns over fund outflows from the weak domestic equity markets in tandem with falling Asian bourses. Read more….

Dollar gains on euro inflation report (CNN Money)

The dollar gained against the euro Friday after a European Union report showed euro-zone inflation fell to a near-10 year low and unemployment in the region rose to a two-year high. Read more….

British Pound Bought Aggressively Against US Dollar By Forex Trading Signals (Daily FX)

Our forex trading signals have aggressively bought the British Pound against the US Dollar through the impressive breakout in the GBP/USD pair. Read more….

Canadian dollar falls as oil slips (National Post)

The Canadian dollar edged lower against the U.S. currency on Monday as the price of oil, a key Canadian export, dropped below US$35, and the market braced for the Bank of Canada’s interest rate decision on Tuesday. Read more….

Pound Hits New Lows as UK Officially Enters Recession

UK GDP data printed much worse than expected sending pound to fresh multi year lows as the report confirmed that the country has officially entered into its first recession since 1991. The UK GDP showed a contraction of -1.5% versus -1.2% expected as the full impact of the collapse of global capital markets has finally [...]

Dollar firms against euro, yen holds strong (AFP via Yahoo! News)

The dollar firmed slightly against the euro Thursday while the yen held strong and the pound dropped against most other major currencies, as global financial turmoil roiled markets. Read more….

Swiss Franc Trading Lowest Against Dollar Since Mid December (Daily FX)

The Swiss Franc is now trading at a level not seen since mid-December, having touched off above 1.17 recently before giving back slightly. Should the Franc continue to move higher, it may encounter resistance at ~1.1825, representing possible upside of at least 125 pips. Read more….

Canadian dollar opens at 79.30 cents US, down 0.46 of a cent (Canadian Business)

TORONTO – The Canadian dollar opened at 79.30 cents US this morning, down 0.46 of a cent from Thursday’s close. The U.S. dollar stood at C$1.2611, Read more….

Canadian dollar is trading at 80.06 cents US, up 0.30 cent at 11 a.m. ET (Canadian Business)

TORONTO – The Canadian dollar traded at 80.06 cents US, up 0.30 of a cent on Friday. The U.S. dollar was trading at C$1.2490, down 0.47 of a Read more….

Rand weakens on risk aversion (News 24 South Africa)

The rand is sharply weaker against major currencies amid a stronger dollar as investors shied away from riskier currencies with global stock markets remaining under pressure. Read more….

S.Africa stocks slide on financials, rand tumbles (The Forex Market)

JOHANNESBURG, Jan 23 (Reuters) – South Africa’s bourse fell on Friday, extending its losses to five consecutive days, dragged down by insurer Old Mutual and financial stocks, while the rand tumbled versus the dollar on risk aversion. Read more….

Dollar firms against euro, yen holds strong (AFP via Yahoo! News)

The dollar firmed slightly against the euro Thursday while the yen held strong and the pound dropped against most other major currencies, as global financial turmoil roiled markets. Read more….

Currencies: British pound plummets as data show deeper U.K. recession (Market Watch)

The pound plunges to a 23-year low against the dollar, undermined as government data confirmed the U.K. economy fell into a deep and potentially long-lasting recession in the final three months of 2008. 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 [...]

(AFX UK Focus) 2009-01-23 07:28 Russian rouble opens steady after c.bank announcement (Interactive Investor)

MOSCOW, Jan 23 (Reuters) – Russian rouble opened stable around 37.0 against the dollar/euro basket on Friday after the central bank defined the rouble’s trading corridor at between 26 and 41 roubles to the basket. “I have a feeling the market does not yet understand what to do… It is unlikely we will hit the [...]

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….

U.S. Forex Market Summary — Late NY

If you followed my EUR/USD forecast last night and then our special Advisory for the Greater British Pound you experienced another round of precise and profitable forecasting. (…) Read more….

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