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Latest Forex News

MONEY WEEK: time deposits increase by Rs 50 billion in three

weeks RECORDER REVIEWKARACHI (August: The State (Business Recorder) 
KARACHI (August 08 2005): The State Bank is still finalising its balance sheet as at the close of FY05. So, it did not publish its provisional weekly accounts for the third week in succession leaving monetary analysis restricted only to scheduled banks. 

Forex - US Dollar Up Against Singapore Dollar

(Asia Pulse via Yahoo! Australia & NZ News) 
The US dollar was trading at 1.6542 Singapore dollars at 4:40 p.m. Tuesday, up 0.0007 from 1.6535 at 4:35 p.m. Monday. 

erkshire profit up 13 pct despite currency loss US (News.com.au) 
Berkshire Hathaway, the US based company run by billionaire

Warren Buffett, on Friday said quarterly profit rose 13 percent, as higher investment income and fewer losses from insurance units helped offset a losing bet that the U.S dollar would fall. 

Forex - Ringgit Ends Weaker Against US Dollar

(Asia Pulse via Yahoo! Australia & NZ News) 
The ringgit ended at 3.7480/7490 against the US dollar at 5:00 p.m. on Tuesday, weaker from 3.7471/7481 at the close on Monday. 

FOREX - US DOLLAR DOWN AGAINST BAHT

(Asia Pulse via Yahoo! Australia & NZ Finance) 
Thaliand The US dollar was trading at 41.195 baht at 3:54 p.m. Tuesday, down 0.015 from 41.21 at 3:40 p.m. Monday. 

Forex - US Dollar Down Against Baht

(Asia Pulse via Yahoo! Australia & NZ News) 
The US dollar was trading at 41.195 baht at 3:54 p.m. Tuesday, down 0.015 from 41.21 at 3:40 p.m. Monday. 

Fear of speculation will slow China's move on currency hedge

instruments (Financial Times) 
China will gradually encourage foreign exchange forwards and other financial derivativesas

its currency regime becomes more flexible, but the fear of speculation will force the government to move slowly, according to Chinese officials and bankers.

Forex: Cable Exhumes Below 1.7900 (Daily FX via Yahoo! Finance) 
Cable Bulls launched a strike at the 1.7900 barrier today,

taking GBP/USD momentarily to a session high of $1.7918, but the Pound

ultimately failed to retain that level. 

Brazilian Real, Chilean Peso: Latin American

Currency Preview (Bloomberg.com) 
Aug. 8 (Bloomberg) -- The following events and economic reports may influence trading in Latin American currencies today. Brazilian real {BRL <Crncy> GPO D <GO>}: The Development, Industry and Trade Ministry in Brasilia will release weekly trade data at 9 a.m. New York time. 

Reuters via Yahoo! Asia News)
LONDON, Aug 9 (Reuters) - The dollar hit two-month lows against the euro and Swiss franc on Tuesday as investors viewed an expected Federal Reserve interest rate hike later in the session as unlikely to offer support for the U.S. currency. 



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Be a Smarter FOREX Currency Trader: Three Basic Principles
This article describes three basic principles that may come in handy for currency traders.