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Forex News

India's forex grows by $2.17b

According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, gained $2.40 billion at $292.36 billion in the week under review. The foreign currency assets had plunged $867.4 million at

Japanese Yen May Resume Recovery on Year-End Capital Flows

The outcome of Japan’s snap election passed without making much noise in the financial markets last week as expected. The LDP sailed to an easy victory and secured the super-majority it needed to ensure the continuity of “Abenomics”, at least through the

Russia rate rise fails to break rouble-oil link

Russia’s rouble has tumbled to successive record lows against the dollar, shrugging off central bank interventions and interest rate rises, and paying heed to only one factor – the oil price. Brent crude futures have chalked up losses of 45% since the

Rouble gains as officials step up verbal support

Russia’s rouble strengthened on Friday after Finance Minister Anton Siluanov confirmed his ministry had sold foreign currency, and on expectations that exporters will increase dollar sales. At 1110 GMT, the rouble was around 2.2 per cent stronger at

Russian rouble slips as Putin’s speech fails to impress traders

The rouble edged lower against the dollar on Thursday, with traders saying President Vladimir Putin had offered few concrete measures at his end-of-year news conference to pull Russia out of a crisis. The president said Russia’s economy would inevitably

Dollar topping most estimates bodes ill for US company profits

The strongest dollar in more than five years is threatening to wreak havoc with the earnings of US companies for a second straight quarter and into 2015. Just this week, Atlanta-based Coca Cola Co, the world’s largest soft-drink maker, said currency

China FX regulator says closely monitoring Russian ruble slide

China is closely monitoring the slide in the Russian ruble, the foreign exchange regulator said on Thursday, as the currency of one of its major energy imports struggles to avoid a free-fall. Wang Yonggui, head of policy and regulations for the State

FOREX-Dollar rallies broadly after Fed signals 2015 rate hike

The U.S. dollar posted its biggest daily gain against major currencies since early October on Wednesday after the Federal Reserve signaled it was on track to hike interest rates sometime next year. The dollar hit its highest levels against the euro and

Russia’s Forex bill becomes law, passes third reading

On a day in which Russia’s ruble is the subject of low liquidity resulting in suspensions in trading and reductions in leverage, the Russian State Duma introduces the long awaited FX law, providing for a full regulatory structure. Earlier this morning

Yen weakens despite narrower trade gap, Russia crisis in focus

The yen weakened in Asia on Wednesday despite a narrower than expected trade gap last month in Japan as a brewing financial crisis in Russia roils markets. U.S. President Barack Obama will sign into law a bill passed by Congress to tighten sanctions

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