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[Tags]forex news[/Tags]

Main High Tech Gadgets Tech Stock Sectors Fortune 500 Tech 100 Fastest-Growing Techs The Browser Blog Technology Business News Business 2. Main Fortune Small Business 100 Small Cap Investing – Top 50 Ultimate Resource Guide Top Schools for Entrepreneurs 5 Best Bosses Which States Love Small Biz? Main Best Companies to Work For Best Places to Live America’s Hottest Jobs Fortune 500 Global 500 Fortune 500 archive Best Places to Retire 20 Great Cos. The indexes cover the euro, sterling, Australian dollar, New Zealand dollar, Canadian dollar, yen, Swedish krona, Swiss franc and Norwegian krone. read more

[Tags]fortune, 500, business, bank, dollar, main, forex news[/Tags]

SYDNEY (Thomson Financial) – The US dollar was firmer against major currencies in Sydney trade Tuesday, supported by continued risk aversion among investors even after the Federal Reserve cutt the interest rate it charges banks last week in an attempt to quell concerns about credit markets. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX 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. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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

Most traders now believe the Federal Open Market Committee will lower the federal funds target rate by 25bps or 50bps no later than 18 September when policymakers next deliberate monetary policy. The British pound and Swiss franc moved higher vis-à-vis the yen as the crosses tested offers around the ¥229. These data suggest Bank of England?s Monetary Policy Committee will still move forward with a +25bps monetary tightening before the end of the year despite the global liquidity situation. The euro lost marginal ground vis-à-vis the British pound as the single currency tested bids around the ?’?0. Swiss National Bank President Roth reported ?The information we currently have show a rather positive picture? regarding the prospects for the Swiss economy in the wake of the global liquidity crisis but added the economy could ?slow down somewhat in the second half of the year. The euro and British pound moved lower vis-à-vis the Swiss franc as the crosses tested bids around the CHF 1. read more

[Tags]visàvis, bids, monetary, u, 1, euro, forex news[/Tags]

Friday, the Fed illustrated just how close it is to considering a rate cut by lowering the discount rate 50 basis points. Calyon’s Carey suggested that even if a cut in Fed funds does come, it would fail to ease the liquidity problem given that lenders still won’t lend even then. Nevertheless, this hasn’t stopped a chorus of calls from across financial markets for the Fed to stop sticking on rates before an even more serious crisis develops. Andy Chaytor, rates strategist at The Royal bank of Scotland in London, reckons that the longer the Fed waits, the deeper it may have to cut. This week, the Philadelphia Fed and the Empire State surveys showed a disappointing decline in activity at the same time that housing figures suggested that the problems of the subprime mortgage market have much further to run. read more

[Tags]fed, market, cut, financial, liquidity, rate, forex news[/Tags]

RTTNews – Currency Trading, Currency Market Update, Trading Opportunities, US Market Update . The euro dropped in the early hours to a mark of 0. K house prices continued to rise in August, gaining 12. Economists had been expecting a slightly more modest increase of about 0. Earlier in the day, the kiwi hit a high of 0. Feedback | Terms of Service | How To Use RTTNews. read more

[Tags]0, , 1, currency, early, euro, forex news[/Tags]

Beijing, Aug 20 (PTI) China’s central bank today announced its intention to commence currency swap between the yuan and five major convertible currencies, including the US dollar, in its inter-bank forex market to reduce exchange rate risks. According to a circular released by the People’s Bank of China, the launch of the new business aims to improve the country’s financial market system and to reduce exchange rate risks. Currency swaps can also be used as a tool by the central bank to manage liquidity, Peng Xingyun, a researcher with the Chinese Academy of Social Sciences said. Domestic institutions qualified to operate in the inter-bank forward forex market can make yuan-forex currency swaps after submitting applications and risk-control records at the State Administration of Foreign Exchanges (SAFE), the forex watchdog, the circular said. All yuan-forex currency swaps should be made through the China Foreign Exchange Trade System of the central bank, it said. China has launched the forward yuan exchange transactions and the swap transactions since it reformed its currency exchange rate mechanism in July 2005. read more

[Tags]currency, bank, exchange, central, swaps, china, forex news[/Tags]

The BOJ may delay raising its benchmark lending rate beyond August on concern turmoil in international credit markets will slow global economic growth, said Michael Malpede, a senior currency analyst in Chicago at Man Global Research. A crisis that began in the subprime mortgage market, when borrowers with poor credit began defaulting on their home loans, spread globally in the past eight weeks, sapping demand for corporate bonds, stocks and commercial paper. Policy makers kept their benchmark rate, the federal funds rate target for overnight loans between banks, at 5. The dollar gained this week against all 16 major currencies except the yen and Taiwan's dollar after banks and hedge funds scrambled to pay back loans in the U. read more

[Tags]rate, credit, currencies, dollar, week, yen, forex news[/Tags]