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2007 February

Archive forFebruary, 2007

Kazakhstan’s gold, forex reserves grow 7.4% in Jan

Kazakhstan’s gold, forex reserves grow 7.4% in Jan
Interfax Information Agency - ALMATY. Feb 2 (Interfax) - Kazakhstan’s gold and foreign exchange reserves, including gross reserves at the National Bank and assets of the National Fund, grew 7.4% in January to $35.639 billion, the National Bank said. The National Fund’s assets …

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FOREX-Dollar holds gains as US service sector index rises

FOREX-Dollar holds gains as US service sector index rises
Reuters - NEW YORK, Feb 5 (Reuters) - The dollar held onto gains on Monday after a key measure of the U.S. services sector came in stronger than expected, suggesting a stable economy. The euro fell 0.3 percent against the dollar to $1.2927, and sterling …

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FOREX-Dollar holds gains=2 

FOREX-Dollar holds gains=2 
Currency bid prices at 10:55 a.m. EST (1555 GMT). All data taken from Reuters calculated from the levels at 4:30 p.m. (2130 GMT) in the previous New York session.

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Forex - Major currencies remain steady; eye on central bank rate …

Forex - Major currencies remain steady; eye on central bank rate …
Forbes - LONDON (AFX) - Major currencies remained steady, with investors looking ahead to central bank rate decisions in Europe tomorrow and the G7 meeting in Germany this weekend. The euro kept near the 1.30 level against the dollar as investors avoided …

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FOREX-Euro rises as Trichet signals March rate hike 

FOREX-Euro rises as Trichet signals March rate hike 
NEW YORK, Feb 8 (Reuters) - The euro rose against the yen, sterling and Swiss franc on Thursday after European Central Bank President Jean-Claude Trichet signaled a possible interest rate increase in March.

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FOREX-Yen weakens as hopes for G7 action fade

FOREX-Yen weakens as hopes for G7 action fade
Reuters - NEW YORK, Feb 9 (Reuters) - The yen extended losses on Friday as investors grew more certain that finance officials from the world’s wealthiest nations will not take action against the currency’s broad weakness at their meeting later in the day …

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CORRECTED - FOREX-Yen slips as hopes for G7 action fades 

CORRECTED - FOREX-Yen slips as hopes for G7 action fades 
(Corrects in 4th paragraph that weaker yen makes Japanese exports cheaper in Europe, not pricier) (Updates prices, adds quotes, changes byline, dateline, previous LONDON)

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FOREX: Ringgit Sees Little Change Against US Dollar 

FOREX: Ringgit Sees Little Change Against US Dollar 
KUALA LUMPUR, Feb 14 (Bernama) — The ringgit was little changed against the US dollar in late trade Wednesday on mild short covering of the local unit ahead of the Chinese New Year holiday this weekend, dealers said.

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Zimbabwe: ‘Allot Forex to Boost ZRP Fleet’ 

Zimbabwe: ‘Allot Forex to Boost ZRP Fleet’ 
PARLIAMENT should appeal to the Reserve Bank to allot foreign currency to Willowvale Mazda Motor Industries for the vehicle assembling firm to supply cars to the Zimbabwe Republic Police, Commissioner Augustine Chihuri has said.

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Forex - Yen slips after Japanese rate hike - UPDATE

Forex - Yen slips after Japanese rate hike - UPDATE
Forbes - TOKYO (XFN-ASIA) - The yen fell against the US dollar and euro after the Bank of Japan increased interest rates, but some dealers said that that the yen’s slide would be short-lived. The dollar firmed to 120.40 yen in afternoon trading here from 119 …

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