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Forex News

China’s finance ministry to issue 28bn yuan dim sum bonds this year

HONG KONG: China's Ministry of Finance said on Monday it will sell 28 billion yuan ($4.5 billion) in offshore yuan bonds in Hong Kong this year. The first batch of the bonds, worth 16 billion yuan, will be sold on May 21 and the rest will be issued in

Russian ruble, stocks gain on new US sanctions

MOSCOW: Both the Russian ruble and main stock exchange gained about one percent of their value on Monday following the unveiling of fresh US sanctions which appeared less severe than feared in Moscow. The Russian ruble rose to 35.85 from 36.05 against

Big Bitcoin Exchange Files for Bankruptcy

The company claims a loss of $473 million worth of the digital currency A major Bitcoin exchange filed for bankruptcy protection on Friday, providing a detailed account of the estimated losses from what was one of the world’s largest exchanges for the

Dollar weaker in Asia as Obama, Abe holds talks

TOKYO: The dollar weakened in Asia on Thursday with traders eyeing a visit by US President Barack Obama to Japan hoping for some progress on stalled talks over a Pacific-wide free-trade zone. The greenback changed hands at 102.34 in Tokyo midday trading,

Kenyan shilling eases, seen under pressure

NAIROBI: The Kenyan shilling weakened against the dollar on Tuesday due to demand from manufacturers, and traders expect it to ease further in the days ahead. At 0730 GMT commercial banks quoted the shilling at 87.00/87.10 to the dollar, from Thursday's

Yuan conversion cap may be lifted

The 20,000 yuan daily conversion cap should be lifted when the "Shanghai-Hong Kong Stock Connect" launches in six months, said Financial Services Development Council head Laura Cha Shih May-lung. "I talked to People's Bank of China governor Zhou

Currencies calm before China PMI, Aussie on inflation watch

(Reuters) - The world's major currencies started trade on Wednesday in Asia on familiar ground after an uninspired session that kept the dollar, euro and yen locked in narrow ranges. The euro last traded at $1.3806, having drifted up from a near two-week

Reserves up, Indian rupee stronger thanks to central bank actions

[MUMBAI] When Raghuram Rajan took charge of India's central bank in September, the rupee was near its weakest on record and foreign reserves were at a three-year low. In the seven months since, the currency has been a world beater and holdings have

Dollar firms vs yen, but gains limited as market eyes Ukraine

(Reuters) - The dollar edged higher versus the yen on Monday, though a tense situation in Ukraine was likely to keep traders on their toes, with some markets still closed for the Easter holiday. The dollar rose to its highest level in nearly two weeks

India’s forex reserves rise to $309.44bn as of April 11

MUMBAI: India's foreign exchange reserves rose to $309.44 billion as of April 11 from $306.65 billion in the week earlier, the Reserve Bank of India said on Friday. Changes in foreign currency assets, expressed in dollar terms, include the effect of

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