Speaking at an interactive session organised by Engineering Export Promotion Council (EEPC) here, Gujral said a strong rupee has become a reality and exporters would have to accept that. He said a strong rupee was good for the economy as imports would be cheaper. However, export realisation would fall due to appreciation of the rupee vis-a-vis the dollar. Gujral also asked exporters to cut down transaction costs to remain competitive. EEPC estimates that at the current exchange rate between the rupee and the dollar, engineering exports in 2007-08 would remain flat at last year’s level of $27 billion. Exporters also raised the issue of non-payment of VAT refund by the West Bengal government. read more

[Tags]exporters, rupee, gujral, dollar, eepc, engineering, forex news[/Tags]

My personal tests have started using FXSol.com’s GTS Pro Trading Platform. I’ll be providing some free live Forex trading signals. I’d be happy for you to follow along with me by signing up for your free, no obligation practice account by clicking on the link below:

Once you’ve signed up for your FXSol.com Global Trading System Pro Trading Platform practice account be sure that you come back here to ForexExaminer.com and sign up for our free newsletter so that you can use a real trading platform with real Forex trading signals.

Forex – Pound rebounds from falls as BoE leaves rates on hold UPDATE – Forbes. LONDON (Thomson Financial) – The pound rebounded sharply from the previous hour’s losses as the Bank of England left the base interest rate unchanged at 5. 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 Thomson Financial News. Neither the Subscriber nor AFX News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

[Tags]news, content, forbes, , financial, pound, forex news[/Tags]

BRUSSELS — European politicians and businessmen are expressing concern about the euro’s strength. The euro-zone currency has reached the “pain threshold,” and Europe’s politicians should press the U. read more

[Tags]politicians, , brussels, businessmen, concern, currency, forex news[/Tags]

SYDNEY (Thomson Financial) – The US dollar was trading slightly weaker against major currencies late morning Wednesday, giving back some of its overnight gains on positioning ahead of Friday’s release of key non-farm payrolls data. The market is weighing the possibility of an Oct 31 rate cut by the Federal Reserve though stronger-than-expected job numbers for September would reduce chances of another downward move following last month’s surprise half a percentage point rate cut and give support to the currency. John Noonan, analyst at Thomson IFR, said the dollar corrected higher overnight despite weak home sales data for August which showed a 6. He said views that Euro zone officials will make the weak dollar an issue at the October 19 G7 meeting and whispers that the US payroll data on Friday might be better than expected should underpin the dollar until the job data is released. 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 Thomson Financial News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more

[Tags]dollar, data, news, content, forbes, rate, forex news[/Tags]

Johannesburg/ Harare – In a bid to boost food production, Zimbabwe’s central bank chief Monday announced a new scheme to pay farmers partly in foreign currency for crops like maize and wheat. Announcing the new payment scheme, Reserve Bank Governor Gideon Gono said it would make more sense to pay scarce foreign currency to local farmers. Zimbabwe’s collapsing local dollar makes foreign currency vastly more attractive to local earners. Gono said the central bank had put aside $180-million to pay local maize farmers for their crops next year up to a limit of 1,8 million tons the country’s total annual consumption. The foreign currency earned by the maize grower can then be used for holiday purposes, for paying of school fees, for payment of their own imports, said Gono. Now you can get all your news – from politics in South Africa, the quirkiest stories in Step Beyond, the latest from the worlds of Motoring, Entertainment and Business – in one place. read more

[Tags], local, crops, currency, foreign, gono, forex news[/Tags]

SAN FRANCISCO (MarketWatch) — China formally launched its state investment company Saturday which is intended to manage about $200 billion of its massive foreign exchange reserves, Chinese state media reported. Since January 2004, Central Huijin has injected $60 billion of its foreign reserves to boost the capital of Industrial & Commercial Bank of China, Bank of China Co. Some believe the fund should be a passive vehicle that invests primarily through professional money managers and hedge funds, while others argue it should be used to purchase strategic reserves of oil and other commodities and to help mainland companies fulfill overseas ambitions. China launches $200 bln forex super-fund – MarketWatch Intraday data provided by Comstock , a division of Interactive Data Corp. read more

[Tags]china, data, billion, reserves, , chinese, forex news[/Tags]

Submit this press release easily to any of these major bookmarking and social media sites. If this is your release, you may add images or other multimedia files through your login. If you have any questions regarding information in these press releases please contact the company listed in the press release. PRWeb disclaims any content contained in these releases. PRWeb® disclaims any content contained in these releases. Vocus, PRWeb and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. read more

[Tags]release, press, releases, contained, content, disclaims, forex news[/Tags]

Forex – US dollar mixed in Sydney morning trade but under downward pressure – Forbes. SYDNEY (Thomson Financial) – The US dollar was mixed against other major currencies in Sydney morning trade but remained under downward pressure on expectations of a further rate cut by the Federal Reserve next month. 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 Thomson Financial News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more

[Tags]news, content, dollar, forbes, thomson, , forex news[/Tags]

The yen also gained as Japanese exporters bought the currency to settle their books on the last trading day of the fiscal half year. The European Central Bank's key borrowing cost is 4 percent, while the Bank of Japan's is 0. Futures contracts yesterday showed 90 percent odds the Fed would lower its target by a quarter point to 4. Fannie Mae Chief Executive Officer Daniel Mudd said yesterday the housing slump will last beyond next year, increasing credit losses. The yen has fallen against all 16 of the most-actively traded currencies this week as Japanese investors sought higher- yielding assets overseas. Data earlier today showed Japan's core consumer prices, which exclude fresh food, dropped 0. read more

[Tags]year, yen, japan39s, percent, showed, yesterday, forex news[/Tags]