FOREX Trading

Yield And Risk Appetite Drove These Currencies Higher

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Most of Wednesday’s major currencies traded higher including the . are up more than 3bp across the globe with U.S. stocks hitting fresh record highs. While and fell more than expected, risk appetite remains strong. We haven’t heard any new confrontational comments on North Korea and Fed President – the leading Fed chair candidate according to the betting markets – follows the same mantra of slow rate hikes…

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India: Notable increase in foreign exchange purchase by India: US

WASHINGTON: Observing that there has been a notable increase in the scale and persistence of India’s net foreign exchange purchases, the US Department of Treasury has told the Congress that it will closely monitor New Delhi’s foreign exchange and macroeconomic policies. “Over the first half of 2017, there has been a notable increase in the scale and persistence of India’s net foreign exchange purchases, which have risen to around USD 42 billion (1.8 per cent of GDP) over the four…

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currency manipulator: Trump administration again declines to name China currency manipulator

WASHINGTON: The United States on Tuesday declined to name China as a currency manipulator although it remained critical of the Chinese government’s economic policies ahead of a planned visit to Beijing by President Donald Trump. The semi-annual US Treasury currency report said no countries deserved the currency manipulator label, but it kept China on a currency “monitoring list” despite a fall in China’s global current account surplus since 2016. China’s currency, the renminbi or yuan, also has strengthened sharply against…

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NZD/USD Little Changed Despite Upbeat Inflation Data By Investing.com

Kiwi and Aussie hold steady as greenback remains supported Investing.com – The New Zealand and Australian dollars were little changed against their U.S. counterpart on Tuesday, despite upbeat New Zealand inflation data as demand for the greenback remained broadly supported. held steady at 0.7168 after Statistics New Zealand said consumer prices increased in the third quarter, beating expectations for a 0.4% gain. Year-over-year, consumer prices rose in the three months to September, compared to expectations for a 1.8% gain. Meanwhile,…

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Trump administration again declines to name China currency manipulator – Macroeconomic News

WASHINGTON, Oct 17 (Reuters) – Washington on Tuesday declined to name China as a currency manipulator although it remained critical of the Chinese government’s economic policies ahead of a planned visit to Beijing by President Donald Trump. The semi-annual U.S. Treasury currency report said no countries deserved the currency manipulator label but it kept China on a currency “monitoring list” despite a fall in China’s global current account surplus since 2016. The Treasury cited China’s unusually large, bilateral trade surplus…

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Nigeria looks to food exports to boost FX income after oil shock

By Reuters Published: 11:05 EDT, 17 October 2017 | Updated: 11:05 EDT, 17 October 2017 By Chijioke Ohuocha ABUJA, Oct 17 (Reuters) – Nigeria is looking to boost agricultural exports to earn more hard currency, and aims to cut imports of rice and wheat which together cost it almost $4 billion a year, Agriculture Minister Audu Ogbeh told Reuters. Nigeria emerged from recession in the second quarter as oil revenues rose, but growth was sluggish. The government has touted agriculture…

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Pace of accretion in forex kitty to slow down: DBS

The dip in foreign investor flows and the widening current account deficit will impact the forex reserves accretion, says a foreign bank. “Looking ahead, the pace of reserves accumulation is likely to moderate on slower portfolio inflows and a wider current account deficit,” Singaporean lender DBS said today. It can be noted that forex kitty had touched a lifetime high of over USD 400 billion last month, but have fallen for three consecutive weeks after that. The bank said any…

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Zimbabwe bans fruit, vegetable imports to save scarce forex

Harare – Zimbabwe has banned the importation of fruit and vegetables to save scarce foreign currency in the face of a worsening economic crisis, state media reported on Tuesday. Agriculture Minister Joseph Made told The Herald that President Robert Mugabe had directed that the importation of horticultural products be stopped “as they waste much-needed foreign currency”. “This means that the importation of fruit and vegetables will be stopped immediately.” “The foreign currency being wasted on the importation of carrots and…

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EMERGING MARKETS-Stronger dollar rattles lira, yuan; stocks slip from 6-yr high

LONDON, Oct 17 (Reuters) – Emerging market currencies such as the Turkish lira and Chinese yuan were squeezed by a stronger dollar on Tuesday after reports that a policy hawk could be the next U.S. Fed chair, while emerging stocks slipped off a six-year high. The dollar firmed 0.2 percent against a basket of currencies to the strongest in a week and U.S. 2-year Treasury yields jumped to their highest since 2008 after U.S. President Donald Trump met Stanford University…

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Aussie Flat Ahead Of RBA Minutes, EUR/USD Up Slightly By Investing.com

Aussie flat in early Asia Investing.com – The Aussie held flat in early Asia on Tuesday with central bank minutes ahead to set the tone. traded at 0.7852, flat, while changed hands at 112.16, down 0.03%. rose 0.11% to 0.7176. gained 0.02% to 1.1798 The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.24% to 93.14. New Zealand reports CPI for the third quarter with a 0.4% gain seen and…

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Roccat Ryos MK FX Mechanical Gaming Keyboard Review

Share. Macro-lovers rejoice. By Matt Clark Be sure to visit IGN Tech for all the latest comprehensive hands-on reviews and best-of roundups. Note that if you click on one of these links to buy the product, IGN may get a share of the sale. For more, read our Terms of Use. Peripheral maker Roccat has a pretty extensive lineup of keyboards, and the Ryos MK FX (See it on Amazon) is the company’s full-sized RGB model with Cherry MX Brown-switches. And while it may…

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TAKE A LOOK-Reuters Poll news stories from around the world

POLL/LOOK:POLL-TAKE A LOOK-Reuters Poll news stories from around the world Reuters | Oct 16, 2017, 13:55 IST Reuters polls are the world’s leading surveys of financial professionals, conducted by Reuters journalists around the world. Based on the broadest sample of opinion, Reuters polls tap into deep local expertise as well as broad international reach. Follow the links below for the latest stories on the outlook for the world economy, central bank policy, foreign exchange rates, stock markets, money market and…

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Nigeria will be prudent in management of loans

Finance Minister Kemi Adeosun and CBN Governor Godwin Emefiele. Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, disclosed on Sunday that the Federal Government would be prudent in the management of the country’s foreign borrowings. The Minister also revealed that the International Monetary Fund (IMF) and the World Bank Group have projected a positive outlook of higher growth for the Sub-Saharan Africa and global economy in 2018. Adeosun made this known in Washington D.C. at a Joint Media Briefing with the…

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