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2007 January

Archive forJanuary, 2007

Forex - Euro firms after strong euro zone M3 data point to further …

Forex - Euro firms after strong euro zone M3 data point to further …
Forbes - LONDON (AFX) - The euro was firmer against the dollar after data showed euro zone money supply remains elevated, suggesting that the European Central Bank will continue raising interest rates into next year. Data out this morning showed euro zone M3 …

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Hong Kong shares end morning at all-time high after new China forex …

Hong Kong shares end morning at all-time high after new China forex …
Forbes - HONG KONG (XFN-ASIA) - Share prices ended the morning session sharply higher on strong interest in China stocks following the mainland central bank’s move to relax foreign exchange rules on individual investment in financial products overseas …

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Vietnam central bank doubles forex daily trading band

Vietnam central bank doubles forex daily trading band
Thanhnien - The Vietnamese central bank has doubled the daily trading band for the country s currency, the dong, to 0.5 percent. The dong has been on a managed float of 0.25 percent a day for the last 5 years. The expansion of the trading band, which took …

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Cox & Kings gets RBI nod to enter forex operations

Cox & Kings gets RBI nod to enter forex operations
Economic Times - MUMBAI: Cox & Kings, the 249-year-old Mumbai-based travel company, has been granted Category II foreign exchange licence by the Reserve Bank of India. The development is expected to boost the company s foreign exchange business in the immensely …

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FOREX-Yen soars on Japan rate outlook

FOREX-Yen soars on Japan rate outlook
Reuters - TOKYO, Jan 5 (Reuters) - The yen surged higher across the board on Friday, pulling further away from 2-1/2-month lows against the dollar on talk that the Bank of Japan could bump up interest rates as early as this month. Traders said the yen was also …

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Forex - US dollar mixed in Sydney morning trade after FOMC minutes 

Forex - US dollar mixed in Sydney morning trade after FOMC minutes 
The minutes showed that the central bank believes inflation in the US economy would not slow as hoped, which supported the greenback.

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Forex - Euro slumps below 1.30 against dollar after strong US jobs data 

Forex - Euro slumps below 1.30 against dollar after strong US jobs data 
Official figures showed the US economy added 167,000 jobs in December, more than double what the market anticipated.

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FOREX-Dollar builds gains as more data eyed 

FOREX-Dollar builds gains as more data eyed 
LONDON, Jan 4 (Reuters) - The dollar built on the previous day’s gains versus other major currencies on Thursday, with investors looking to see if key data on jobs and the service sector matches a pick up in U.S. manufacturing.

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(AFX UK Focus) 2007-01-10 23:19 GMT: Forex - US dollar steady in Sydney morning trade after rally on trade data 

(AFX UK Focus) 2007-01-10 23:19 GMT: Forex - US dollar steady in Sydney morning trade after rally on trade data 
SYDNEY (XFN-ASIA) - The US dollar was little changed against the yen and euro here as traders sit on the sidelines after the overnight rise in the US currency due to an improved trade deficit for November, deale0000rs said.

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FOREX-Euro steadies near 1-1/2 mth lows, dlr/yen strong

FOREX-Euro steadies near 1-1/2 mth lows, dlr/yen strong
Reuters - LONDON, Jan 12 (Reuters) - The euro steadied near earlier 1-1/2 month lows against the dollar on Friday, a day after European Central Bank chief Jean-Claude Trichet signalled that the next rate hike would come in March rather than February. The …

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