Stock Trading News as of 8/3/08 Commodities Trading News as of 8/3/08
Aug 03
This week, a total of four central banks will meet, including the Federal Reserve, Bank of England, European Central Bank, and Reserve Bank of Australia.
  • TOKYO, Aug 4 (Reuters) - South Korean Finance Minister Kang Man-soo said the nation’s foreign exchange policy will take into account price stability, Japan’s Nikkei economic daily reported on Monday.
  • TOKYO, Aug 4 (Reuters) - The dollar dipped against the yen on Monday as falling global stocks and a sharp shift in expectations for Australian interest rates prompted investors to unwind carry trades favouring higher-yielding currencies.
  • KUALA LUMPUR, Aug 4 (Bernama) — The ringgit opened flat against the U.S dollar Monday on lack of fresh buying, dealers said. At 9 am, the local currency stood unchanged against the greenback at last Friday’s closing of 3.2620/2650.
  • BEIJING (XFN-ASIA) - China’s State Council, or Cabinet, said it has approved a revised draft of foreign exchange management rules, making them more adaptable to changes in the international payments situation.
  • This week, a total of four central banks will meet, including the Federal Reserve, Bank of England, European Central Bank, and Reserve Bank of Australia. However, only a few of these rate decisions have the potential to spark volatility in the forex markets, especially since all of the banks are expected to leave interest rates unchanged.
  • MANILA, Philippines–The Bangko Sentral ng Pilipinas’ foreign exchange stock outside its official gross international reserves fell by about $2 billion in June, as market jitters over rising consumer prices prompted more dollar selldown by the BSP to support the peso.
  • MANILA, Philippines - The central bank”s holdings of foreign currencies through forward swaps have declined further as it has tried to shield the local currency from abrupt depreciation, yet the peso is still expected to weaken even more in the months ahead.
  • Mumbai, Aug 2 Foreign exchange reserves fell by a meagre $504 million, to touch $306.603 billion, during the week ended July 25, according to the Reserve Bank of India’s Weekly Statistical Supplement. This is the second consecutive week that the forex reserves have declined.
  • (RTTNews) - Raymond reported a loss of Rs.41.60 crore for the June quarter compared to a profit of Rs5.40 crore during the same period last year. Profitability was affected on account of mark-to-market forex losses of Rs.24.2 crore and higher expenditure due to retail investments.
  • David Smith fails to show for ‘Full Hundred’ on Olint Jamaica Observer, Jamaica - 17 hours ago Many Jamaicans have joined various FOREX Investment Clubs to help them take advantage of the money than can be made trading currencies. …
  • FOREX -Dollar rises to 5-wk high vs euro, buoyed by US data Reuters - Aug 1, 2008 By Gertrude Chavez-Dreyfuss NEW YORK, Aug 1 (Reuters) - The US dollar climbed to five-week peaks against the euro and three-week highs against the British …
  • FOREX : Ringgit Opens Flat Against US Dollar Bernama, Malaysia - 1 hour ago KUALA LUMPUR, Aug 4 (Bernama) — The ringgit opened flat against the US dollar Monday on lack of fresh buying, dealers said. At 9 am, the local currency …
  • Forex reserves down by $504 m Hindu Business Line, India - Aug 2, 2008 This is the second consecutive week that the forex reserves have declined. In the earlier week, the reserves had fallen by $1.413 billion to touch $307.107 …
  • 5 Key Events for the Forex Market This Week 08-04-08 Daily FX, NY - 12 minutes ago However, only a few of these rate decisions have the potential to spark volatility in the forex markets, especially since all of the banks are expected to …
  • Big Forex Week Ahead Forex Factory - 12 hours ago It could be a huge forex week. Dollar Index: The bottom line for the NFP and ISM reports (and therefore the dollar index) is that they signal a continuation …
  • China State Council approves revision of forex management rules … 華富財經, Hong Kong - 2 hours ago BEIJING (XFN-ASIA) - China’s State Council, or Cabinet, said it has approved a revised draft of foreign exchange management rules, making them more …
  • FACTBOX-South Korea’s forex intervention over past year Reuters India, India - 2 hours ago Aug 4 (Reuters) - The South Korean authorities have sold almost $25 billion in the currency markets over the past four months to prop up the won and fight …
  • S. Korea forex policy eyes price stability-finmin Reuters - 1 hour ago TOKYO, Aug 4 (Reuters) - South Korean Finance Minister Kang Man-soo said the nation’s foreign exchange policy will take into account price stability, …
  • FOREX -Dollar dips vs yen as carry trades trimmed 華富財經, Hong Kong - 55 minutes ago In relation to the stock quote service (the “Quote Service”) information, the stock price, trade volume and turnover are provided by The Stock Exchange of …
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