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Serbia forex reserves decline by 6.6%
14 May at 2 PM
News Item Link: Serbia forex reserves decline by 6.6%
Serbia’s foreign-currency reserves shrank by 6.6 per cent last month, falling for the fourth month in a row, largely due to capital outflows and a drop in the euro-selling activity at the central bank, which hindered the dinar, reports Bloomberg. Foreign-exchange reserves dropped to 10.387bn euros ($13.365bn), from March’s figure of...
Euro changes little against dollar before Fed minutes
3 Apr at 6 PM
News Item Link: Euro changes little against dollar before Fed minutes
There was little movement in the dollar versus the euro in the run-up to the central bank’s release of its minutes on Tuesday, as investors were reluctant to place big bets before the meeting of the European Central Bank later in the week, reports Reuters. Trading was referred to as quiet in the build-up to Easter, as the market focuses...
Yen boosted by Japanese exporter flows
28 Mar at 4 PM
News Item Link: Yen boosted by Japanese exporter flows
The yen edged higher on the dollar earlier today, supported by Japanese exporters’ seasonal flows, after they purchased the yen with their financial year end approaching, reports Reuters. The dollar fell by 0.3 per cent to 82.97 yen, and the euro dropped by a percentage point to 110.63 yen, edging away from a four-and-a-half month high...
Dollar index hovers close to one week low
20 Mar at 3 PM
News Item Link: Dollar index hovers close to one week low
The dollar hovered close to a one-week low point against a basket of currencies today, but recent signs that the US economy is improving and rises in the country’s Treasury yields were expected to offer the greenback some support, reports Reuters. The dollar index was at 79.449, having clawed back some ground after dropping to 79.354 on...
Profit taking leads to euro slide
28 Feb at 6 PM
News Item Link: Profit taking leads to euro slide
The euro suffered modest losses in Tuesday in Asia, while the yen held tight to overnight gains before a further wave of cheap money from the European Central Bank which could boost risk appetite and pressurise the yen once more, reports Reuters. News of Standard and Poor’s decision to reduce its Greek ratings to ‘selective default’,...
Shares slide on Greece woes
16 Feb at 9 AM
News Item Link: Shares slide on Greece woes
Stocks slumped yesterday in one of their poorest showings in 2012 as Greece continued its negotiations with other nations over a bailout, reports the New York Times. The Dow Jones industrial average fell by 97.33 points (0.76 per cent) to finish the day at 12,780.95. It was the Dow’s biggest one-day decline to date this year, as it only...
Euro dips as Greece bailout not finalised
9 Feb at 9 AM
News Item Link: Euro dips as Greece bailout not finalised
The euro dropped from a two-month high today after Greece stopped short of signing a deal on austerity measures, but hopes that a deal can be agreed soon limited the damages, according to Reuters. Lucas Papademos, the Greek prime minister, said that political leaders in Greece have agreed on every point of a bailout package bar one, on...