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forex trading News Archive

06-Dec-2006

 

  • FOREX: Ringgit Extends Its Rally In Early Trading (Bernama)

    KUALA LUMPUR, Dec 6 (Bernama) -- The ringgit extended its rally against the US dollar in early trading Wednesday on strong commercial demand for the local currency, dealers said.


  • Japan forex reserves hit new record high of 896.95 bln usd at end-Nov (Sharewatch)

    Tokyo\'s forex reserves remain the second largest in the world, next to China whose holdings reached 987.93 bln usd at the end of September, the latest official available data.


  • Forex - US dollar stabilizes in Sydney afternoon trading after sharp fall (The Forex Market)

    SYDNEY (XFN-ASIA) - The US dollar stabilized against other major currencies in early afternoon trading here, even moving slightly higher, following Friday's plunge after new data showed that the US manufacturing sector contracted last month for the first time in 3-1/2 years, dealers said.


  • Forex - US dollar higher in Sydney morning trade after stronger ISM data (Sharewatch)

    At 9.53 am (2253 GMT Tuesday), the dollar was at 114.97 yen, up from 114.84 in late New York trading, while the euro was at 1.3318 usd, down from 1.3329.


  • Forex - Yen up in Singapore afternoon trade on Japanese central banker's words (The Forex Market)

    SINGAPORE (XFN-ASIA) - The yen rose against the US dollar and the euro in afternoon trading here after a member of the Bank of Japan's policy board, Kiyohiko Nishimura, followed up a speech he had delivered in the morning here with remarks interpreted as being more hawkish about interest rates, dealers said.


  • New forex tool for currency investors (FT.com via Yahoo! News)

    Investors have been given a new tool for trading in the global currency markets, with the launch of the first standardised foreign exchange indices on Monday.


  • Uganda: Foreign Exchange Trading is a Risky Exercise (AllAfrica.com)

    A reader wrote to me inquiring about foreign exchange trading and that he was considering delving in this business. It would seem that he was attracted by certain web sites claiming it only takes one dollar to start trading and all that was required was his credit card details.


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