Search result for Foreign Exchange
U.S. job market strength leads to a four-week high for the dollar in foreign exchange markets.
On Friday, the dollar reached its highest level in over a month as a result of U.S. economic statistics showing a still tight labour market, which could suggest the Federal Reserve continues rising interest rates quickly. Statistics released on Thursday indicated that the number of Americans fili...
Blackstone to Invest in Currencies Direct to Target M&A Opportunities
Currencies Direct that is a London-based digital foreign exchange player, has talked Blackstone into investing a sum of £140 million in them. There will be a partnership involved in the funding, by the management team of Currencies Direct, that Keith Hatton leads, and Palamon, apan-European...
CHINA PBC CONDUCTS REVERSE REPOS OF 10 BILLION YUAN
Highlights –
- People’s Bank of China (PBC) set interest rate for the seven-day reverse repos at 2.2 percent.
- China's yuan weakened against a basket of currencies last week.
- China's interbank treasury bond index in net pri...
CHINA’S SEO’S PROFITS ROSE 240%; TRADE SURPLUS AT $34.47 BILLION IN APRIL
Highlights –
- China’s SEO’s profits rose 240%; trade surplus at $34.47 billion in April.
- The profits of centrally administered SOEs rose 160 percent year on year.
- The debt-to-asset ratio of the country's SOEs came in at...
INDIA'S FOREX RESERVES RISE TO USD 589.465 BILLION
HIGHLIGHTS
- India's Forex Reserves have risen to US $ 589.465 billion.
- FCA of India have also increased.
- In the same period, the Gold Reserves of India also increased.
India's foreign exchange (Forex) reserves have ...
CHINA LOANS $1.5 BILLION TO PAKISTAN TO PAY THE MONEY IT OWES TO SAUDI ARABIA
Highlights –
- China loans $1.5 billion to Pakistan to pay the money it owes to Saudi Arabia.
- China has not provided the loan to Pakistan from its State Administration of Foreign Exchange.
- China and Pakistan have instead agreed to incre...
SOUTH KOREA’S FOREIGN CURRENCY DEPOSIT DECLINE ON STRONG USD
Highlights:
- South Korea’s foreign currency deposits slump in January with the selling of USD funds.
- Foreign currency deposits recorded as 74.98 billion U.S. dollars at the end of January.
- Marked as the biggest monthly decline in 11 mo...
Japanese Yen Slipping On GDP Data With Chinese Yuan Rising
With Japan reporting a much deeper economic contraction than expected, the yen traded slightly lower on Monday, 17 FEB 2020 in Asia. The USD/JPY pair inched up 0.1% 109.81. The Cabinet Office reported that Japan’s GDP in the December quarter fell an annualized 6.3%, faster than the expected...
Foreign Inflows Into Asian bonds Increased In January Due to South Korean Bonds
Investors looking for safe havens in Asia are preferring South Korea. Hence, South Korean bonds have been garnering maximum foreign inflows in Asia since January. Due to its strong forex reserves and credit ratings after the onset of the coronavirus epidemic in China, South Korea is expected to r...
HACKERS BEHIND TRAVELEX CYBER ATTACK ASKING RANSOM
Travelex, a global platform for payments and foreign exchange solutions, is reportedly blackmailed by hackers for ransom of 2.3 million Pound. The hackers are threatening the authorities to release customers’ bank details if they do not pay them the amount.
The foreign exchange gi...
INDIA HAS HIGHEST FII INFLOWS IN ASIA
Foreign flows into Asian markets proved to be impressive in 2019. This is due to the dispelling of fear about the impending Sino-US trade war with the announcement of the signing ceremony date of phase for the US-China trade deal. The Federal Reserve Bank has also reduced its interest rates which...
FRANC ON GAIN AGAINST DOLLAR
Today the Swiss Franc saw a rise against the dollar. The traders are nervous about the geopolitical tension between Iran and the US and are seeking safe-havens to invest their money. This came after US President Donald Trump ordered an airstrike on Iran, which killed a prominent military commande...
Travelex opens five cash trade stores in Birmingham Airport
LONDON, UK – seventeenth December 2019 – Travelex, a Finablr organization and market driving Foreign Exchange authority, today declared the opening of five new money trade stores in Birmingham Airport. The opening of the new stores speaks to Travelex's most recent UK air terminal ...
FOREX KITTY IS NOWHERE TO STOP
Stock (also Capital heap) of a Corporation, is the sum of the ideas into which obligation regarding venture is separated. In American English, the offers are commonly known as "stocks". A single segment of the stock addresses fragmentary duty regarding an association concerning all dwar...
FRTB HAS BEEN STARTED UP BY VOLCKER
Various in the outside exchange industry has been expressing for a long time that more buy-side firms should join to the 2017 Global Code of Conduct, arranged in the wake of fixing humiliations that developed uncertainty among clients and liquidity providers. A couple on the sell-side is starting...
Forex code cold bore; Volcker starts up FRTB
Numerous in the outside trade industry have been stating for quite a while that more purchase side firms should join to the 2017 Global Code of Conduct, planned in the wake of fixing embarrassments that cultivated doubt among customers and liquidity suppliers. A couple on the sell-side is as of n...
SBI FXTRADE to extend the Forex instruments portfolio
SBI FXTRADE Co., Ltd., a Forex trading branch of the Japanese financial services company SBI Holdings Inc. (TYO:8473), today announced that it will extend the Forex instruments portfolio.
The firm would add eight currency pairs, including Russian ruble / Japanese yen and Mexican peso / ...
Use of Smartphone for Forex Trading in India
Trading forex in India may be risky, as it is not permissible for non-Indian rupee (INR) trading currency pairs, in compliance with the Reserve Bank of India (RBI), the 1999 Foreign Exchange Management Act (FEMA) and the Securities and Exchange Board (SEBI). Indian traders who want to eliminate t...
Large electronic spot foreign exchange trades
When placing massive electronic spot foreign exchange transactions through a liquid market in recent days, the focus has been on restricting the market impact to prevent the price from moving away from the customer. To do this, the phenomenon has been to split huge trades into instalments as smal...
How to avoid Forex Scams in Africa
Trading in Africa for foreign exchange (forex) is still pretty much in its early stages. But with the African Development Bank Group emphasizing the sustainable growth of the regional economy, forex trade has been gaining speed in the continent over the past couple of years, as the country is inc...