Friday, 29 August 2014

Currencies News

  • Denmark Meets Fiscal Limits in Bet on Elusive European Recovery

    10:07 | 29/8/14
    Denmark pegs its krone to the euro after rejecting the currency in a 2000 referendum. The government has raised spending levels, while keeping debt levels under check, as it seeks to drag the economy out of a slump that started with a housing market ... more»
  • Foreign selling weighs on Qatar, UAE markets

    09:11 | 29/8/14
    The Daily Star
    ... the MSCI frontier market index to which Qatar and the United Arab Emirates previously belonged, such as U.S.-based exchange-traded fund iShares MSCI Frontier 100, were due to sell part of their UAE and Qatari investments Thursday, according to the ... more»
  • dollar slips as better US economic data buoys greenback

    08:37 | 29/8/14
    New Zealand Herald
    The New Zealand dollar slipped as the US dollar edged up following better-than-expected US economic data which lifted optimism about a recovery in the world's largest economy. more»
  • CSR rejects takeover proposal from Microchip Technology

    05:38 | 29/8/14
    The Deal Pipeline
    Microchip Technology last month completed a 8.2 billion new Taiwan dollar ($255.8 million) deal to acquire 83.46% of the outstanding shares of Taiwan's ISSC Technologies Corp. more»
  • Analysts: Brazilian Real, Bovespa Firm On Regime Change Hopes

    05:37 | 29/8/14
    MNI News
    NEW YORK (MNI) - The Brazilian real and Bovespa have rallied solidly in the past 24 hours, bolstered by the prospects of regime change after polls showed that contender Marina Silva would beat incumbent President Dilma Rousseff if a second round run ... more»
  • Ukraine's Economy Is Unraveling

    05:15 | 29/8/14
    RIA Novosti
    Now, the country's economy is suffocating and is facing a serious currency crisis. The Ukrainian hryvnia is trading at around 13.89 hryvnias per dollar (having traded at approximately 8 hryvnias per dollar in the years following the 2008 economic ... more»
  • Brazil's Government Sees 3% Growth in 2015

    05:15 | 29/8/14
    Wall Street Journal
    BRASILIA—The Brazilian government unveiled its budget bill for 2015 on Thursday that included a forecast for economic growth of 3% and inflation of 5% for the year. more»
  • Even critics of the euro didn't see this coming

    04:41 | 29/8/14
    The Week Magazine
    Even long-term critics of the euro - the European Union's single currency shared by 18 European countries - expected that a single currency would boost trade among participants by reducing conversion costs and exchange rate fluctuations. more»
  • New Zealand Dollar May Trade to $0.8050

    04:18 | 29/8/14
    NZDUSD - The majority of FX traders remain long the New Zealand Dollar versus the US Dollar, and a contrarian view of sentiment leaves us in favor of continued NZDUSD weakness. more»
  • Australian Dollar Shows Signs of Important Reversal

    04:18 | 29/8/14
    Trade Implications - AUDUSD:Last week we wrote that a breakabove month-to-date highs near $0.9360 was/is necessary to call for a significant Aussie Dollar bounce. And indeed, price is on the verge to breaking month-to-date highs as we see crowds have ... more»
  • US Dollar at Make-or-Break Levels versus Japanese Yen

    04:17 | 29/8/14
    Trade Implications - JPY Pairs: We last saw traders remain short USDJPY as it traded above ¥105 in December before reversing lower. more»
  • Taiwan set to provide offshore rates for yuan

    03:56 | 29/8/14
    Taipei Times
    Separately, the value of the New Taiwan dollar rose to a two-week high yesterday in Taipei's foreign exchange market, after foreign investors boosted holdings of local stocks and on speculation that higher growth in inflation will prompt the central ... more»
  • French company chiefs want more aggressive euro policy

    03:56 | 29/8/14
    Reuters UK
    The calls come a day after French President Francois Hollande and Prime Minister Manuel Valls said the euro was still overvalued and that the European Central Bank needed to do more to tackle excessively low inflation. more»
  • Aus Dollar Forecast Higher vs US Dollar, Euro and British Pound as Key ...

    03:56 | 29/8/14
    Pound Sterling Live
    The Australian Dollar (AUD) has surged higher on global forex markets breaking through key resistance and support levels. The result has been a shift in near-term forecasts to favour the Aussie against the euro, pound sterling and US dollar. That said ... more»
  • Sharif Meets Pakistan Army Chief in Effort to End Khan's Protest

    03:22 | 29/8/14
    “The army is going to establish itself as an arbitrator and burnish their own credibility in the Pakistani power loop.” The KSE 100 (KSE100) stock index fell 0.1 percent in Karachi trading today, dropping to its lowest level since April 1. The Pakistan ... more»
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