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SAGRINSURANCE 30.18 1,536,633
SAICO 46.92 669,543
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Forex News

Euro rally fades as Greek deal still up in the air

The euro took a dip on Thursday as euro zone finance ministers failed to secure a new debt agreement with Greece after a marathon meeting, while the Australian dollar dived almost one percent after surprisingly weak local jobs data. The common currency

Dollar jumps on yield play, eyes on Greece

The dollar strengthened on Tuesday on the back of broadly higher U.S. Treasury yields while the euro was buffeted by official comments and media reports on the progress of discussions over a new debt deal for Greece. The euro sank below $1.13 in morning

Venezuela to announce new forex system; devaluation expected

Venezuela on Tuesday will unveil a new foreign exchange system that is likely to ease the country's three-tiered currency controls but would also mean a hefty devaluation of the bolivar currency. Finance Minister Rodolfo Marco and Central Bank President

U.S. dollar closes lower on Taipei forex

The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.058 to close at NT$31.502 as traders here heeded the strength of other regional currencies, particularly the South Korean won, to sell the U.S. currency, dealers said. Foreign

Higher yields support dollar, euro in focus before EU talks

The dollar hovered near a one-month high versus the yen on Wednesday, bolstered by gains in Treasury yields, while uncertainty over a new debt deal for Greece kept a cloud over the euro. The dollar inched up 0.1 percent to 119.51 yen, staying near

Strong dollar could write off $3.2trn in global GDP

Global nominal GDP is likely to contract by about $2.3 trillion in 2015 as a consequence of the US dollar strengthening, heralding far reaching implications across markets, principally for commodity prices, a report said. It will be the sixth time since

Commodity currencies recoup ground as US dollar rally fades

Commodity currencies held onto modest gains early on Tuesday, having risen broadly on a further rebound in oil prices and as the U.S. dollar faded somewhat after a payrolls-inspired rally ran out of steam. The Canadian and New Zealand dollars were among

Yen gains as investors fret about Greece, Ukraine

The yen advanced against the dollar and euro on Monday as investors sought safety in the Japanese currency on worries about the conflict in Ukraine and Greece's future in the eurozone. The yen rose after two straight days of losses against the dollar and

NY puts monitor in Deutsche to probe possible forex rigging: sources

New York's banking regulator has installed a monitor at Deutsche Bank to investigate possible manipulation of the foreign exchange market, sources familiar with the matter told Reuters. Treliant Risk Advisors, a Washington, D.C.-based firm, was chosen by

U.S. Banks Say Soaring Dollar Puts Them at Disadvantage

The strengthening U.S. dollar is rippling through the financial system in unexpected ways, revealing what bankers say is a hidden flaw in a Federal Reserve proposal to increase capital cushions at the nation’s largest banks. Big U.S. banks say that,

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