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Egypt pound hits record low under new currency regime (Reuters - 31/12/2012)

The Egyptian pound hit a record low against the dollar yesterday as worried Egyptians shifted their money out of local currency after the central bank introduced a new currency regime to protect foreign reserves. The new regime, announced on Saturday and

Yuan Sets Tone for Asia as Japan Dethroned by China: Currencies (Bloomberg - 30/12/2012)

Asian central banks are tolerating gains in their currencies against the yen as China’s economic recovery diminishes concern that stronger exchange rates may damp their export advantages. South Korea’s won has climbed a record 20 percent against the yen

Forex reserves down at $296.54 billion (The Economic Times - 29/12/2012)

India's foreign exchange reserves were at $296.54 billion as of Decemeber 21, compared with $296.63 billion in the previous week, the central bank said in its weekly statistical supplement on Friday. Changes in foreign currency assets, expressed in

Forex: EUR/USD finds support at 1.3165 (FXstreet - 29/12/2012)

Given the uncertainty and the lack of progress surrounding the US ‘fiscal cliff’, the dollar strengthened as a safe-haven and advanced versus most competitors. Against this backdrop, EUR/USD fell over 90 pips throughout the European session and hit a

EUR/JPY stalling below 114.70 around fresh 16-month highs (NASDAQ - 29/12/2012)

EUR/JPY has gained a generous +2.95% for the week so far, and +14.6% year to date, last at 114.40, coming all the way from record 11-year lows back in late July around the the 94 round figure. The cross printed fresh 16-month highs in early Tokyo trade

FOREX-Yen drops to lows vs dollar (Reuters - 29/12/2012)

The yen's spiral continued on Friday, with the Japanese currency registering a more than two-year low against the dollar and a 17-month nadir versus the euro in early Asian trading on expectations of more stimulus steps from the country's new government.

FOREX-Yen slide continues; fiscal stalemate lifts dollar (Reuters - 29/12/2012)

The yen fell to a more than two-year low a ga inst the dollar o n Thursday on expectations Ja pan's new government will push for aggressive monetary stimulus, while the U.S. currency was broadly higher on uncertainty about fiscal talks in Washington. The

Forex: USD/CAD pares losses to settle at 0.9938/40 (NASDAQ - 29/12/2012)

The USD/CAD has traded in a 42-pip consolidation Thursday, as investors grapple a trickle of economic data emanating out of the United States. After bottoming out in the 0.9905 region, threatened to drop below the key 0.9900 handle, the pair has

FOREX-Yen sinks to 2-year low vs dollar (Reuters - 29/12/2012)

The yen dropped to its lowest against the U .S. d ollar in more than two years on Thursday o n expectations a ne w government in Tokyo w ill pu sh for aggressive monetary stimulus to boost a sluggish economy and take steps to weaken the Japa nese curr

Canadian Dollar Goes From Loss To Gain On Reserve Status (Bloomberg - 29/12/2012)

The Canadian dollar recouped last year’s losses as the growing perception of the currency as a reserve asset bolstered demand among global investors even as the nation’s commodity-led economic boom slowed. The currency has gained 2.4 percent this year

Euro Ends 2-Year Slump on Draghi Backstop; Yen Loss Tops Majors (Bloomberg - 29/12/2012)

The euro halted a two-year losing streak as European Central Bank President Mario Draghi’s commitment to backstop the shared currency stymied a debt- contagion threat. In its 13th year, the 17-nation currency rebounded versus the greenback after sliding

Ringgit set to see volatile trade (Business Times - 29/12/2012)

The ringgit is expected to see volatile trade against the US dollar next week as investors wait out the resolution from US politicians on the fiscal cliff. RAM Holdings Bhd Group chief economist, Dr Yeah Kim Leng, said if the US government is able to

Yen Falls to 28-Month Low as CPI Decline Boosts Easing Prospects (Bloomberg - 28/12/2012)

The yen sank to a 28-month low as data showing a decline in Japanese consumer prices fanned speculation the central bank will heed government calls to step up cash infusions to end deflation. JPMorgan Chase & Co. and Nomura Holdings Inc. cut forecasts

Forex - Yen drops to multi-month lows against U.S. dollar, euro (Investing - 28/12/2012)

The broadly weaker yen was down against most of its major counterparts on Wednesday, amid expectations for more aggressive monetary stimulus from the Bank of Japan following the approval of Shinzo Abe as the country’s next prime minister. During early

Forex: EUR/USD capped below 1.3250 (FXstreet - 27/12/2012)

EUR/USD is currently trading at 1.3232 off recent weekly highs at 1.3255, printed in early Wednesday Asia-Pacific open. The pair is higher by +0.32% from previous Monday close, helped on weak USD across the board except against Yen, and stronger oil as

FOREX-Yen flirts with 2-year lows (Reuters - 27/12/2012)

The yen on Thursday traded close to a more than two-year low against the dollar touched in the previous session, reflecting expectations that the new government of Premier Shinzo Abe will push to weaken Japan's currency and implement aggressive stimulus.

Forex Flash: USD/JPY rises on dovish BoJ - UBS (NASDAQ - 27/12/2012)

The BoJ minutes from the Nov 19-20 policy meeting provided yet another excuse to sell the yen overnight as a dovish message came through loud and clear, according to Gareth Berry, analyst at UBS Bank. "The key message for FX investors is that, having

FOREX-Yen slumps versus dollar, euro on policy easing view (Reuters - 27/12/2012)

The yen tumbled to a more than two-year low against the dollar and a 16-month trough versus the euro on Wednesday after Japan's new prime minister repeated his vow to battle deflation and a strong Japanese currency. Expectations that Shinzo Abe, who took

FOREX-Yen falls to 20 month low on new prime minister, euro firmer (Reuters - 27/12/2012)

The yen slumped to a 20-month low against the U.S. dollar and a 16-month trough versus the euro on Wednesday, after Shinzo Abe assumed office as Japan's new prime minister and reiterated his pledge to push for more drastic monetary and fiscal measures

China Forex Regulator: 3Q Current Account Surplus $70.8 Billion (NASDAQ - 27/12/2012)

China's current account surplus, the broadest measure of the country's trade balance with the rest of the world, totaled $70.8 billion in the third quarter, data from the country's forex regulator showed Wednesday. The surplus was $53.7 billion in the

China forex manager terms US a bright spot for economy (Bloomberg - 27/12/2012)

The US may be a "bright spot" for the global economy in 2013, with Europe and Japan "not optimistic," said the official who oversees day-to-day management of China's $3.3 trillion foreign exchange reserves. Credit expansion and the development of the

FOREX-Yen sinks to lowest since April 2011 (Reuters - 27/12/2012)

The yen sank to a 20-month low in Asian trading on Wednesday, as Shinzo Abe prepared to assume Japan's helm with a mandate to weaken its currency and push for more drastic monetary and fiscal stimulus. Overall activity was thin, after most global

Pound Is Little Changed Against Dollar Before Home Loans Data (Bloomberg - 27/12/2012)

The pound was little changed against the dollar and the euro before a report that economists forecast will show bank lending for U.K. home purchases increased in November. Sterling climbed to the strongest level against the yen since April last year amid

Rupee appreciates further (Press Trust of India - 27/12/2012)

Indian rupee appreciated further by 11 paise to close at one-week high of 54.84 against the Greenback on the back of smart rise in local equities amid sustained dollar selling by exporters. Sluggish dollar overseas amid continued capital inflows also

Yen Touches 16-Month Low Versus Euro Before Japan CPI (Bloomberg - 27/12/2012)

The yen slid to a 16-month low against the euro before data tomorrow that may show a decline in Japan’s consumer prices, fanning speculation Prime Minister Shinzo Abe will push the central bank to boost cash infusions. The currency touched the lowest

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