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2006 November

Archive forNovember, 2006

OUTLOOK BMW Q3 profits seen hit by forex, lower demand for older models 

OUTLOOK BMW Q3 profits seen hit by forex, lower demand for older models 
Analysts said apart from quarterly profits, the focus among investors would also be on the new chief executive, Norbert Reithofer, whose views on such issues as strategy and what the company would do with its pile of cash would be of interest.

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FOREX-Dollar slips after US Oct ISM data

FOREX-Dollar slips after US Oct ISM data
FXstreet.com The Futures Market, Spain - Nov 1, 2006… the sharp drop in prices paid is also a factor against the dollar — inflationary pressures are receding,” said Brian Dolan, research director at Forex.com in …

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UAE’s forex reserves to reach $29b

UAE’s forex reserves to reach $29b
Middle East North Africa Financial Network, Jordan - Oct 29, 2006The UAE Central Bank’s foreign exchange reserves are poised to record the steepest increase in the GCC at 17.5 per cent this year to $24.8 billion from $21.1 …

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FOREX-Dollar steadies after losses, focus shifts to ISM 

FOREX-Dollar steadies after losses, focus shifts to ISM 
LONDON, Nov 1 (Reuters) - The dollar steadied against other major currencies on Wednesday, following falls to one-month lows after below-forecast Midwest business activity data on Tuesday boosted expectations that the next move in U.S. interest rates will be down.

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Zimbabwe mobile networks might soon bill in forex: Econet

Zimbabwe mobile networks might soon bill in forex: Econet
AND, South Africa - 23 hours ago… yesterday. Douglas Mboweni, CEO of Econet Wireless, warns that this could see subscribers paying for international calls in forex. …

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Forex reserves of China shoots past trillion dollars

Forex reserves of China shoots past trillion dollars
Peninsula On-line, Qatar - Nov 5, 2006shanghai China will announce any day now that its forex reserves have shot past one trillion dollars in a relentless rise described as the stimulating but …

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(AFX UK Focus) 2006-11-10 08:36 GMT: Forex - US dollar weaker in late Singapore on Japan, China central bank comments 

(AFX UK Focus) 2006-11-10 08:36 GMT: Forex - US dollar weaker in late Singapore on Japan, China central bank comments 
SINGAPORE (XFN-ASIA) - The US dollar marked further losses in afternoon trade here, staying near early lows on fears of China diversifying its nearly 1 trln usd foreign exchange reserves and after Bank of Japan Governor Toshihiko Fukui warned on carry trade unwinding, dealers said.

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Market News: TradeSignals Forex Futures Morning Commentary

Market News: TradeSignals Forex Futures Morning Commentary
TradeSignals, Ireland - Nov 10, 2006The euro is trading higher this morning reversing the weaker tone seen during the prior session. Trend indicators are showing the …

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China’s forex reserves tops $1 trillion

China’s forex reserves tops $1 trillion
Telugu Portal, India - Nov 7, 2006Beijing, Nov 7 (DPA) China’s foreign currency reserves have topped $1 trillion, setting a new record for the world’s largest currency reserves and sparking a …

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(AFX UK Focus) 2006-11-13 14:54 GMT: Forex - Dollar drifts higher as markets brace for heavy data flow 

(AFX UK Focus) 2006-11-13 14:54 GMT: Forex - Dollar drifts higher as markets brace for heavy data flow 
LONDON (AFX) - The dollar drifted up in a slow start to an economic data laden week which may yet spell trouble for the US currency.

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