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EMAAR 10.35 18,139,980
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Forex News

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

Dollar Barely Budges Ahead Of Easter Break

The dollar was narrowly mixed in quiet dealing versus other majors on Thursday, as traders got a head start on the Easter holiday. There was little reaction to the day's economic news, including a slightly downbeat reading on the U.S. jobs sector. The

Yen grinds lower as global stocks rally, dollar holds steady

The yen wallowed at one-week lows against the dollar early on Thursday, having eased broadly overnight as a rally in global stocks dented demand for the safe-haven currency. The dollar bought 102.22 yen after rising 0.3 percent on Wednesday, while the

Dollar Unable To Sustain Early Gains

The dollar gave up early gains on Tuesday amid disappointing news on the U.S. housing market. The NAHB/Wells Fargo Housing Market index rose to 47 in April from a downwardly revised 46 in March, the group said in a statement. Economists expected a

China money market shrugs off massive drain, benchmark rate slides

(Reuters) - China's key money rates fell on Tuesday morning as dealers in the interbank market ignored a massive 178 billion yuan ($28.62 billion) drain by the central bank during open market operations, the largest single-day drain since February. The

Australia & NZ dollars steadier, up against euro

SYDNEY/WELLINGTON: The Australian and New Zealand dollars climbed against a broadly softer euro on Monday and were generally better-bid as Asian equities appeared to be stabilising after a punishing selloff. The euro dipped to A$1.4738 and NZ$1.5959,

China’s yuan holds steady as market awaits Q1 data

HONG KONG: China's yuan held steady against the dollar on Monday following a weaker official midpoint, with the market awaiting a run of economic indicators this week to gauge growth momentum in the world's second-largest economy. Spot yuan changed hands

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