IMF internal report finds 'effectiveness gap' in exchange rate monitoring (Sharewatch)
The five major Forex trading centers are London, New York, Tokyo, Sydney, and Frankfurt. The three major Forex trading countries are the United Kingdom (32.4%), the United States (18.2%), and Japan (7.6%).
IMF internal report finds 'effectiveness gap' in exchange rate monitoring (Sharewatch)
WASHINGTON (Thomson Financial) - An internal investigation at the International Monetary Fund has found what it calls an "effectiveness gap" in its monitoring of countries foreign exchange rate policies from 1999 through 2005.
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First-currency-swap-deal-to-be-with-Japan (Express India)
India and Japan have agreed to sign a currency swap deal to protect themselves against any sudden fluctuations in their foreign exchange reserves. This is India's first ever swap deal with any country.
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Zimbabwe suffers a chronic shortage of foreign currency [Reuters] (Aljazeera)
Zimbabwe's annual inflation rate reached a new record high of 7,634.8 per cent last month, according to official figures.
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Dollar largely stable after Fed rate cut (AFP via Yahoo! News)
The dollar showed scant movement on foreign exchange markets Monday after the Federal Reserve last week cut a key interest rate on loans extended to commercial banks in a bid to soothe credit problems.
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Currency volatility hits profit (International Herald Tribune)
A doubling in currency volatility since June has knocked the so-called "carry trade" off its perch as the most profitable strategy in foreign exchange.
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US dollar largely stable after Fed rate cut (Channel NewsAsia)
NEW YORK : The US dollar showed scant movement on foreign exchange markets on Monday after the Federal Reserve last week cut a key interest rate on loans extended to commercial banks in a bid to soothe credit problems.
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Dollar largely stable after Fed rate cut (TODAYonline)
US dollar and Euro bank notes. The dollar showed scant movement on foreign exchange markets Monday after the Federal Reserve last week cut a key interest rate on loans extended to commercial banks in a bid to soothe credit problems.
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Taiwan dollar falls on foreign funds, c.bnk eyed (Reuters via Yahoo! Asia News)
TAIPEI, Aug 22 (Reuters) - The Taiwan dollar fell on Wednesday as foreign institutions sold the local currency amid uncertainty about the stock market outlook, although the central bank sold U.S. dollars to limit the decline.
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Yen Slips As US Fed Rate-Cut Expectations Pared Back Somewhat (The Forex Market)
NEW YORK (Dow Jones)--The yen is weaker early in New York Wednesday as markets price out some of their expected interest-rate cuts by the Federal Reserve, and this is allowing a degree of risk to re-enter currency markets.
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China's central bank to commence currency swap (Press Trust of India)
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.
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IMF internal report finds 'effectiveness gap' in exchange rate monitoring (Sharewatch)
FOREX investing is one of the most potentially rewarding types of investments available. While certainly the risk is great, the ability to conduct marginal trading on FOREX means that potential profits are enormous relative to initial capital investments. Another benefit of FOREX is that its size prevents almost all attempts by others to influence the market for their own gain. So that when investing in foreign currency markets one can feel quite confident that the investment he or she is making has the same opportunity for profit as other investors throughout the world. While investing in FOREX short term requires a certain degree of diligence, investors who utilize a technical analysis can feel relatively confident that their own ability to read the daily fluctuations of the currency market are sufficiently adequate to give them the knowledge necessary to make informed investments.
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