FinData - Foreign Exchange (Interbank) [FOREX] News

Indian rupee not as big a concern for FIIs now: Goldman

Wed, 22 May 2013 17:42:39 +1200

Indian rupee not as big a concern for FIIs now: Goldman. Prashant Khemka of Goldman Sachs says, in an interview to CNBC-TV18, once catastrophic risks like the Greece are behind us and there is still potential in domestic demand-driven stocks.
Related Symbols: FOREX:NZDINR

NZ dollar slips as investors await Bernanke's take on QE

Wed, 22 May 2013 17:24:11 +1200

May 22 (BusinessDesk) - The New Zealand dollar edged lower in the local session as investors hold off from making any decisions ahead of Federal Reserve chairman Ben Bernanke's Congressional testimony, where he's expected to give his view on ...
Related Symbols: FOREX:NZDUSD

New Zealand Dollar Rangebound, Eyes On Bernanke

Wed, 22 May 2013 17:19:46 +1200

WELLINGTON--The New Zealand dollar was sticking to a tight range late Wednesday, ahead of Federal Reserve Chairman Ben Bernanke's testimony to the Joint Economic Committee of the U.S.
Related Symbols: FOREX:NZDUSD

Trade deficit drops to $4.9bn

Wed, 22 May 2013 16:15:00 +1200

The lower import growth has also caused an adverse effect in the money market as the US dollar continued to depreciate against the local currency taka. Imports registered a negative growth of 0.88% to $24.22bn during the period from $24.43bn in the ...
Related Symbols: FOREX:USDBDT

Indian rupee at near 6-month low on continued dollar buying

Wed, 22 May 2013 16:07:39 +1200

Mumbai: The Indian rupee hit a fresh near six-month low in opening trades. The domestic currency fell to 55.48 per dollar after opening at 55.335, currently at 55.43/44 versus Tuesday's close of 55.41/42.
Related Symbols: FOREX:USDINR

China-India relations: Why Rupee-RMB-dollar trade won't work

Wed, 22 May 2013 15:42:05 +1200

It takes more than common sense, and good intentions, for even the noblest of ideas to gain traction and succeed. As a side story to Chinese Premier Li Keqiang's visit to India, the call has been renewed at the Indo-China CEOs Forum for an expansion of ...
Related Symbols: FOREX:BGNCNY

Indonesia - Market factors to watch on May 22

Wed, 22 May 2013 14:01:20 +1200

(Investor Daily, Bisnis Indonesia) - State electricity company PT Perusahaan Listrik Negara (PLN) plans to issue bonds worth 12 trillion Indonesian rupiah in the second half of this year to finance investment, said Wahyu Hidayat, deputy state-owned ...
Related Symbols: FOREX:CHFIDR

Venezuela parliament resumes 3 weeks after brawl

Wed, 22 May 2013 13:46:38 +1200

Venezuela's President Nicolas Maduro speaks during the departure of Simon Bolivar's school sailing ship at the naval dock in La Guaira Venezuela, Monday, May 20, 2013. The ship with 175 people on board starts his twenty-fifth cruise abroad instruction.
Related Symbols: FOREX:VEFUSD

China's May lending seen to reach 900 bln yuan-paper

Wed, 22 May 2013 13:06:38 +1200

SHANGHAI May 22 (Reuters) - China's four major banks issued new loans of 233 billion yuan ($37.98 billion) by May 21st, 21st Century Business Herald reported on Wednesday, citing industry sources, adding that total loans for the month could reach 900 ...
Related Symbols: FOREX:BGNCNY

Japan Exports Miss Estimates After Yen Slides to 4-Year Low

Wed, 22 May 2013 12:32:03 +1200

While the yen's slide to the lowest in four years last week will aid Japanese companies by making their products more competitive in overseas markets, today's data showed that limited demand in the European Union is constraining exports.
Related Symbols: FOREX:NZDJPY

Qatar should consider more flexible forex rate: banker

Wed, 22 May 2013 11:27:24 +1200

Out of six Gulf oil producers only Kuwait does not peg its currency to the dollar. The Kuwaiti dinar trades against a basket of undisclosed key trading partners' currencies after Kuwait dropped its dollar peg when inflation shot up in 2007.
Related Symbols: FOREX:EURKWD

Hawaii popular for Tauranga holidaymakers (+poll)

Wed, 22 May 2013 11:21:06 +1200

She said prices to Hawaii were great value with increased competition between airlines and a strong Kiwi dollar. Also popular was the Gold Coast, the ... A lot of people like Fiji, that's always popular, as are Rarotonga and Samoa. Hawaii is also ...
Related Symbols: FOREX:EURFJD

Economic Outlook: Latin America

Wed, 22 May 2013 11:02:08 +1200

Panama will experience the most rapid growth, with the Panama Canal expansion and the subsequent development of the Colón free-trade zone.
Related Symbols: FOREX:EURCRC

Turkish State Allocates 1 Million Lira for St. Gabriel Assyrian Monastery

Wed, 22 May 2013 10:20:09 +1200

Midyat Governor's Office has allocated a budget of 1 million Turkish Liras for the restoration of the road leading to the Syriacs' Mor Gabriel Monastery, a move viewed by the Syriac [Assyrian] community as contradictory as the monastery was previously ...
Related Symbols: FOREX:XAUTRY

German Anti-Euro Party Sees Answer to Europe's Woes in Mass Exit

Wed, 22 May 2013 10:18:54 +1200

The euro lies at the root of Europe's record unemployment rate and countries such as Spain and Greece should quit the common currency to return to economic health, said the head of Germany's fledgling anti-euro party. Southern European countries can't ...
Related Symbols: FOREX:AEDEUR

Lazard likes local currency debt in Latin America

Wed, 22 May 2013 10:16:50 +1200

Strong demand for local debt from Mexico, Uruguay and blue-chip companies such as Mexico's Televisa and America Movil reflect a shift towards selecting securities based on individual merit rather than a broad play on emerging markets, she said.
Related Symbols: FOREX:USDUYU

Ukraine Counters Russian Cargo Grab With Bond-Sale Cash: Freight

Wed, 22 May 2013 10:09:44 +1200

Ukraine will purchase 6,000 rail cars this year for 4.3 billion hryvnia and will spend 8.3 billion hryvnia to electrify 493 kilometers (308 miles) of tracks, Transport Minister Volodymyr Kozak told reporters May 15.
Related Symbols: FOREX:DKKUAH

Australian dollar opens lower

Wed, 22 May 2013 09:53:08 +1200

The Australian dollar is slightly lower, as traders speculate over the likelihood the United States central bank will wind down its economic stimulus program.
Related Symbols: FOREX:AUDUSD

Dollar falls after weak sentiment data

Wed, 22 May 2013 09:47:36 +1200

THE Australian dollar is lower after the release of weak consumer sentiment figures. At 12pm AEST today, the local unit was trading at 97.90 US cents, down from 98.17 cents yesterday.
Related Symbols: FOREX:JPYAUD

CANADA FX DEBT-C$ softer as focus turns to Bernanke testimony

Wed, 22 May 2013 09:32:22 +1200

The U.S. dollar slipped on the latest Fed comments. The Canadian dollar finished the session at C$1.0268 versus the U.S. dollar, or 97.39 U.S.
Related Symbols: FOREX:AUDCAD

Colombia Stocks Rise on Late Rebound in Ecopetrol; Peso Weakens

Wed, 22 May 2013 09:24:02 +1200

Colombian stocks rose Tuesday as embattled shares of state oil company Ecopetrol (EC, ECOPETROL.BO) staged a modest comeback in the final trading minutes after earlier falling to an 18-month low.
Related Symbols: FOREX:EURCOP

NZ dollar weakens ahead of Fed comments

Wed, 22 May 2013 09:16:39 +1200

The New Zealand dollar has weakened against its US counterpart amid speculation growth in the world's largest economy may spur the Federal Reserve to reduce stimulus, known as quantitative easing.
Related Symbols: FOREX:NZDUSD

Buckle up for the Aussie dollar rollercoaster ride

Wed, 22 May 2013 09:12:30 +1200

For example, back in May 2008 the Australian dollar was worth around 95 US cents. Westpac's chief economist, Bill Evans predicted that our currency would reach parity with the US dollar "by March 2009", and he noted, "The single most important ...
Related Symbols: FOREX:CHFAUD

NZ dollar falls further against greenback

Wed, 22 May 2013 09:09:38 +1200

The New Zealand dollar fell to 83.20 Australian cents from 83.40 cents at 5pm yesterday. It dropped to 83.59 yen from 83.82 yen, and slid to 63.19 Euro cents from 63.46 cents.
Related Symbols: FOREX:NZDUSD

Lebanese farmland firm to invest up to $800m in Sudan

Wed, 22 May 2013 08:59:15 +1200

The Sudanese pound has more than halved in value since South Sudan's secession in 2011 deprived Sudan of most oil production, the main source for dollars and state revenues.
Related Symbols: FOREX:EURLBP

Tidewater Management Discusses Q4 2013 Results - Earnings Call Transcript

Wed, 22 May 2013 08:31:59 +1200

Also worth noting in the March quarter was a $3.6 million foreign exchange gain related to the February devaluation of the Venezuelan bolivar. If this is counterintuitive to those on the call, recall that at the time of the nationalization of our ...
Related Symbols: FOREX:VEFUSD

Action plan for sugar

Wed, 22 May 2013 08:29:51 +1200

He said agricultural extension officers played a key role in the implementation of the strategic action plan of Fiji's sugar industry that aimed to restructure and rejuvenate the multimillion dollar industry. About 30 officers representing the Fiji ...
Related Symbols: FOREX:EURFJD

Money transfer services on offer at Damodar City Centre

Wed, 22 May 2013 08:16:39 +1200

With more than 100 agents throughout Fiji, FexCo Pacific general manager Steven Narayan said they would move their headquarters from Suva to the multi-million dollar complex because of its prime location which was close to the University of the South ...
Related Symbols: FOREX:EURFJD

Venezuela Seizes Drugs in Route to Holland and Australia

Wed, 22 May 2013 08:15:13 +1200

21 de mayo de 2013, 16:05Caracas, May 21 (Prensa Latina) Venezuelan National Guards forces seized various kilograms of cocaine smuggled to Holland and Australia at Simon Bolivar International Airport, in Maiquetia, Vargas state, on Tuesday.
Related Symbols: FOREX:VEFUSD

World stocks hit records as US Treasuries rise - BusinessDay.

Wed, 22 May 2013 08:10:40 +1200

The dollar was weaker against 8 of 16 major peers, losing more than 0.5 per cent versus the South Korean won, Swedish krona and Norwegian krone. The Dollar Index, a measure against six major trading partners, was up 0.2 per cent at 83.86 after jumping ...
Related Symbols: FOREX:AUDNOK