Forex – Dollar muted after weak orders data; pound gains as BoE auction ignored – Forbes. LONDON (Thomson Financial) – The dollar showed muted reaction to poor durable goods orders, and the pound gained on news that no UK banks made use of emergency funds from the Bank of England. PK – news – people ) analysts. 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

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In a circular the central bank conveyed to all authorised dealers that if there were to be any change in their exposure limits, it would be conveyed to the respective authorised dealer individually. The central bank has taken this decision to streamline the procedure for review of FEEL of all authorised dealers (on periodical basis or on their request). It said that request received from any individual authorised dealer during the year for their FEEL enhancement based on any material change in paid-up capital will be reviewed at end of the quarter, based on their audited accounts reported by them to the SBP’s Banking Surveillance Department. UK bank deposits fund worth 4. read more

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RTTNews – Currency Trading, Currency Market Update, Trading Opportunities, US Market Update . Public Sector Net Cash Requirement or PSNCR increased 1. The net cash requirement was 3. Economists were looking for a net cash requirement of 3. The currencies moved as Euro zone industrial new orders declined 4. read more

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The rupee’s rise against the dollar is making the riyal weaker. The dollar has recently fallen to a record under Rs 40 and since the riyal is pegged to the greenback, the Qatari currency is losing against the rupee. Yesterday, 1 QR was fetching Rs 10. Asked if remittances were affected due to the rupee’s appreciation, he said the impact would be known only by the end of this month since remittances slow down as a month progresses. read more

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WITH the US dollar plunging against a range of currencies, the Australian currency finished a strong week surging above US87c. The US dollar fell after the US Federal Reserve cut a key interest rate by half a percentage point on Tuesday. And US Treasury yields pushed higher late in the week amid concerns the rate cuts could trigger a rise in inflation. And the falling US dollar threatens to exacerbate the risks to inflation," ABN Amro’s director of foreign exchange strategy, Greg Gibbs, said. Mr Gibbs said rising yields in the US would undermine the Fed’s effort to prevent the economy falling into recession, prompting inflation risks and trouble for stockmarkets. And on the trade-weighted index – a gauge of the dollar’s strength against the currencies of Australia’s main trading partners – the dollar climbed five points to 69. read more

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Forex – Canadian dollar on the verge of parity vs US dollar – Forbes. LONDON (Thomson Financial) – The Canadian dollar came within a whisker of parity against its US counterpart, buoyed by broad dollar weakness and strong oil prices. A catalyst for the move through parity, which has not happened since November 1976, could come if any of the US data due today — including US weekly jobless claims, leading economic indicators and the Philly Fed index — come in on the weak side and spark further dollar selling, analysts said. 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

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It touched a 30-year high and approached parity earlier today amid investor optimism the housing slump in the U. S Federal Reserve being aggressive in cutting rates and the Bank of Canada looks to be on hold for now, I don't expect the Canadian dollar to stop there,'' said Steve Butler, director of foreign exchange trading at Scotia Capital Inc. The currency declined against 11 out of 16 most actively traded currencies, dropping the most, 1 percent, against the New Zealand dollar. The yield on the benchmark two-year Canadian government bond rose 3 basis points, or 0. read more

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Yesterday, the EUR experienced a flat trading session against the USD, as markets await the FOMC rate announcement. Interestingly, former Chairman of the Federal Reserve Alan Greenspan noted that the EUR could replace the USD as the world’s primary reserve currency as quoted by a German Magazine. Generally today’s trading session will be fueled by the USD rate announcement and more likely the EUR will react to the USD developments today. The effect of the global liquidity crisis, which has recently most been felt in the UK, is causing traders to look to unwind risky one way bets against the JPY and therefore the JPY gained 0. Japanese manufacturers’ business sentiment worsened to a two-year low in September, while the diffusion index for non-manufacturers was unchanged, matching the low seen in December 2004. read more

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Beware of land restrictions in Morocco, investors told. read more

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