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The government¡¯s foreign exchange stabilization fund, which is used to defend the won from volatile fluctuations against the U.S. dollar, has accrued losses of W26 trillion (US$1=W1,269). The reason was massive losses from investing in derivatives ...
Read moreNEW YORK, Oct 8 (Reuters) - The U.S. dollar fell against major currencies on Wednesday, while the yen surged as investors doubted whether coordinated rate cuts by global central banks were sufficient to free up the credit market. Initial euphoria ...
Read moreCoordinated interest rate cuts would help the economy as "inflation is a dead issue," Stephen Koukoulas from Currency & ... RBA Slashes Rates by 100 bp... The RBA slashed rates by 100 bps to 6%, while the BoJ left rates on hold at 0.5%. Emmanuel Ng ...
Read moreOur Forex Monthly Technical and Fundamental Outlook report examines long-term forecasts for major currencies, as we explore key themes ranging from chart patterns to forex sentiment and positioning data. Visit any of the links below to see ...
Read moreCopyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of ...
Read moreJAKARTA, Oct 8 (Reuters) - Indonesia's international reserves fell to $57.11 billion on September 29, from $58.36 billion at the end of August, central bank data showed on Wednesday. Bank Indonesia said on its website (www.bi.go.id) that base money ...
Read moreWhile the SSI is available once a week on DailyFX.com, you can receive SSI readings twice a day in DailyFX Plus Forex Intraday Trading Signals The SSI sought a EURUSD rally since 1.26 and was signaling a reversal around 1.60. Find our more in the ...
Read moreDAY LOCAL/GMT INDICATOR/EVENT PERIOD FORECAST PREVIOUS -----Calendar for October 6 week----- Mon 1200/0630 Infrastructure Aug N/F 4.3 pct output @ Fri 1100/0530 Industrial output Aug N/F 7.1 pct Fri 1800/1230 Inflation Sep 27 ...
Read moreNEW YORK, Oct 10 (Reuters) - The U.S. dollar extended gains against the yen on Friday as stocks on Wall Street pared some loss amid hopes for a more coordinated approach to tackle the global credit crisis at the G7 meeting. The dollar last traded up ...
Read moreThe Korean won weakened to W1,485 against the U.S. dollar during trading on Thursday -- a plunge of W90 from Wednesday's close of W1,395. The Korean currency closed at W1,379.5 against the dollar, down just W15.5 from Wednesday, after government ...
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