Tag: exchange rate
Bangladesh Allows Banks to Add Premium on Forward FX Deals
Bangladesh allowed dealers to add a premium on non-deliverable forward contracts for the first time, as the central bank stepped up efforts to loosen [...]
forex: India’s forex reserves fall by $1.9 billion to $607.03 billion
India's foreign exchange reserves saw a dip of $1.9 billion, dragging the reserves to $607.03 for the week ending on July 21, Reserve Bank of India's [...]
forex: India’s forex reserves fall by $19.87 billion to $607.03 billion
India's foreign exchange reserves saw a dip of $19.87 billion, dragging the reserves to $607.03 for the week ending on July 21, Reserve Bank of India' [...]
Argentina Plans to Weaken Forex Rate for Corn to Boost Exports
Argentina is closing in on a plan to weaken the exchange rate for a fixed volume of corn in a move to bolster exports out of the cash-strapped nation, [...]
How China Can Support Yuan (CNY USD) as Pessimism Lingers Over FX
China may need to dig deeper into its policy kit to arrest a slide in the yuan, if it is serious about quashing pessimism toward the managed currency. [...]
Myanmar Tightens Forex Trading to Prevent Kyat Depreciation
Myanmar’s military government has tightened up on foreign exchange trading by taking action against illegal remittance services and imposing online tr [...]
US Keeps China on FX Watchlist, Without Designating Currency Manipulators
The US Treasury said seven major economies, including China, were on its “monitoring list” for currency practices, while refraining in a semiannual re [...]
Hong Kong Dollar (HKD USD) Traders Ignore HKMA to Stick With FX Carry Bets
Hong Kong’s intervention to support the local dollar has made just a minor dent in traders’ bearish bets, suggesting more liquidity will need to be dr [...]
Australia News Today: MQG FX trade losses; RBA challenge; Carbon credits
Hi all, it’s Jackie here in Sydney. Macquarie is staring down losses of tens of millions on FX trades with an Italian builder. But first...Today’s mus [...]
Macquarie (ASX:MQG) Staring at $49 Million Loss on FX Trades With Builder
Macquarie Group Ltd. says it’s facing losses of tens of millions of dollars after currency derivatives trades with Italian builder Cimolai SpA went aw [...]
Rupee News: Rupee might slide further before rebounding and finding right level. Here’s why
The Indian rupee has been hitting new lows, week after week. From holding on to 74 against the US dollar in January to dropping to 83 last week — a do [...]
Indian defence firms seek protection from exchange rate variation
India's private defence firms had last campaigned for ERV protection after being bruised by the rupee's f [...]
Explained: Making sense of exchange rate
On Monday, during intra-day trade, the Indian rupee hit an all-time low exchange rate of 77.6 against the US dollar. At the time of going to print, it [...]
India exemplary in publishing its forex market intervention: US Treasury
India has been exemplary in publishing its foreign exchange market interventi [...]