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Yen gains against euro again as Greek debt turmoil continues (Gulfnews - 30/09/2011)

The yen rose on reports some euro-area nations are pushing Greek bondholders to accept larger write-downs and as Germany said the nation's second bailout package may be revised, boosting demand for a refuge. The euro headed for a fifth consecutive

Euro on track for worst quarter in more than a year (Guardian.co.uk - 29/09/2011)

The euro gained slightly on dip-buying after most risky assets bounced off intraday lows on Thursday, but was still on track to mark its worst quarter since early 2010, with traders preparing for further falls. The euro has lost nearly 7 percent or 10

Euro uncertainty snuffs out risk rally (Guardian.co.uk - 28/09/2011)

Investor hopes for a bigger bailout fund for euro zone debtors gave way to worries about the details on Wednesday, sending European shares lower and ending a three-session rally. Equity markets have rallied over the past few sessions on expectations that

DGCX begins trading in Indian rupee options (Khaleej Times - 27/09/2011)

Dubai Gold and Commodities Exchange, or DGCX, started trading on its newly launched Indian Rupee Options Contract on Monday to become the only exchange outside India to offer trading in both futures and options in the Indian currency. JRG International

Rupee down by 16 paise vs dollar (Business Standard - 26/09/2011)

The Indian rupee fell by 16 paise to Rs 49.59 per US dollar in early trade on the Interbank Foreign Exchange today due to appreciation of the US currency against other major rivals overseas and a weak trend in the domestic equity market. Dealers

Dollar, Yen Gain After Fed Sees Economic Downside, Euro Slides (Bloomberg - 25/09/2011)

The dollar and yen rallied after Federal Reserve policy makers said they saw “significant downside risks” to the U.S. economy and Greece struggled to avoid default, spurring demand for refuge. The 17-nation euro weakened as Group of 20 finance ministers

Forex reserves up $266 mn to $316.76 bn despite dollar sale (Business Standard - 24/09/2011)

Despite a reported selling of the dollars in the market, India's forex reserves rose by $266 million to $316.763 billion for the week ended September 16, according to the data released by the Reserve Bank of India (RBI) today. The reserves had fallen by

Rupee posts biggest weekly fall in 15 yrs (Business Standard - 24/09/2011)

The rupee posted its biggest weekly fall in more than 15 years on Friday on heightened risk aversion amid the possibility of a recession in the developed world, even as it rebounded from a 28-month low on suspected intervention by the central bank.

Dollar hits 7-mth high after Fed's Operation Twist (Guardian.co.uk - 22/09/2011)

The dollar surged to a seven month high against major currencies boosted by the appeal of higher short-term rates on U.S. bonds after the U.S. Federal Reserve said it would shift its portfolio in favour of long-term debt. The dollar was also bolstered by

Kuwaiti dinar stabilizes at KD 0.275 per dollar (KUNA - 22/09/2011)

The Kuwaiti dinar exchange rate against the dollar stabilized at KD 0.275 per dollar, whereas it retreated against the euro to stand at KD 0.373 compared with Wednesday rates, the Central Bank of Kuwait said on Thursday. The Kuwaiti dinar fell against

Kuwaiti currency stable against dollar, traded for KD 0.275 (KUNA - 21/09/2011)

The exchange rate of the Kuwaiti dinar (KD) was stable against the US greenback, with the dollar trading for KD 0.275, while the euro came to KD 0.277 on Wednesday, according the Central Bank of Kuwait bulletin. The bulletin reported the sterling pound

Euro tumbles on Italy downgrade, Greece worries (Guardian.co.uk - 20/09/2011)

The euro slid sharply on Tuesday, moving closer to a seven-month low against the greenback after Standard and Poor's cut its debt rating on Italy and as investors fret over whether Greece can borrow badly needed cash from international lenders. These

Kuwaiti currency exchange rate stable against US greenback (KUNA - 20/09/2011)

The exchange rate of the Kuwaiti dinar was unchanged against the US greenback, KD 0.275 per dollar on Tuesday, yet went down against the euro at KD 0.374, said the daily bulleting of the Central Bank of Kuwait (CBK). The rate was KD 0.431 against the

Kuwaiti dinar stable against greenback at KD 0.274 (KUNA - 19/09/2011)

The exchange rate of Kuwaiti dinar was stable against the US dollar at 0.274 Kuwaiti dinars per dollar on Sunday, yet went down against the euro at KD 0.379 compared to Thursday prices. The KD rate was 0.433 against sterling pound, and remained unchanged

Rupee falls by 47 paise vs dollar (Business Standard - 19/09/2011)

The Indian rupee fell by 47 paise to Rs 47.73 per US dollar in early trade on the Interbank Foreign Exchange today amid a lower opening in the domestic stock and appreciation of the US currency against the euro overseas. Dealers attributed the rupee's

Euro Weakens as Finance Chiefs Fail to Offer Plan for Greece (Bloomberg - 19/09/2011)

The euro weakened to almost a seven-month low against the dollar after European officials failed to offer a plan to halt the region’s debt crisis, as Greece struggles to avoid default. The dollar rose against all its major counterparts except the yen as

Asian Currencies Decline on Concern Europe’s Debt Crisis (Bloomberg - 19/09/2011)

Asian currencies weakened, led by South Korea’s won, as investors cut their holdings of emerging- market assets on concern Europe’s sovereign-debt crisis will slow global economic growth, hurting the region’s exports. The Bloomberg-JPMorgan Asia Dollar

Kuwaiti dinar exchange rate increases against USD (KUNA - 19/09/2011)

The exchange rate of Kuwaiti dinar was increased against the US dollar at KD 0.275 per dollar on Monday and went down against the euro at KD 0.376 compared to Sunday prices. The dinar rate was KD 0.432 against sterling pound, remained unchanged against

Forex reserves slump by $4.29 billion (The Economic Times - 18/09/2011)

India's foreign exchange (forex) reserves slumped by $4.29 billion to $316.49 billion for the week ended Sep 9 after rising to an all-time high of $320.78 billion in the previous week, official data showed. Foreign currency assets, the biggest component

Euro runs into profit taking, Ecofin hopes limited (Guardian.co.uk - 16/09/2011)

The euro slipped on Friday as market players took profits from a rally sparked by news of liquidity measures from major central banks, and looked vulnerable to further declines as investors awaited news from a meeting of EU finance ministers in Poland.

Rupee loses 14 paise against US dollar in early trade (The Hindu Business Line - 15/09/2011)

The Indian rupee fell by 14 paise to Rs 47.78 per US dollar in early trade today, extending its losses for the ninth straight session on strong demand for the American currency from importers and some banks. However, a higher opening in the equity market

Euro Falls Against Dollar Before Spain Debt Auction (Bloomberg - 15/09/2011)

The euro declined against the dollar on concern that the risk of a Greek default is increasing borrowing costs for other European countries. The single currency weakened against the yen before Spain and France offer government securities today, after

Kuwaiti currency exchange rate stable against US greenback (KUNA - 15/09/2011)

The exchange rate of the Kuwaiti dinar was unchanged against the US greenback, 0.275 Kuwaiti dinars per dollar on Wednesday, yet went down against the euro at KD 0.374, said the daily bulleting of the Central Bank of Kuwait (CBK) The rate was KD 0.433

Euro falls ahead of talks with Greece, Aussie tumbles (Guardian.co.uk - 14/09/2011)

The euro dropped on Wednesday, back towards a seven-month low plumbed this week, with risk sentiment that was shaky ahead of debt talks between Greece, France and Germany further knocked by Australian inflation data. Alarm over euro zone's debt has

Euro firm after round of short-covering; downtrend intact (Guardian.co.uk - 13/09/2011)

The euro held firm on Tuesday after a choppy session overnight saw a wave of short-covering lift it by more than two cents on hopes that China will bolster Italy by buying its bonds, but traders found few reasons to stay upbeat about the currency. The

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