Gustav Shakes Things Up (BusinessWeek)
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Investors are buying bonds to lock in returns from higher interest rates, especially in countries that moved quickly to contain inflation.
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The country’s forex reserves rose $1.07 billion for the week ended August 22 after declining for five consecutive weeks. The reserves rose to $297.28 billion, up $1.07 billion from $296.21 billion in the previous week, the Reserve Bank of India said in its weekly report.
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Normally available exclusively to FXCM live clients, the new Trading Signals will be free for everyone to try until the end of September 2008. [PR.com - August 30, 2008]
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Event risk this past week boasted a significant probability of volatility and potentially a breakout from the dollar’s recent congestion.
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Event risk this past week boasted a significant probability of volatility and potentially a breakout from the dollar’s recent congestion.
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Event risk this past week boasted a significant probability of volatility and potentially a breakout from the dollar?s recent congestion. Looking at the week ahead, the potential for a major greenback move are doubled with a number of first tier indicators anchored by the market?s top billed non-farm payrolls release.
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Forex reserves climbed $1.08 billion to $297.3 billion for the week ended August 15, the RBI said in its statistical weekly supplement in Mumbai.
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KUALA LUMPUR, Aug 30 (Bernama) — The ringgit is likely to remain steady next week supported by what dealers say is a business-friendly budget for 2009 but will move within tight ranges against the U.S. dollar amid concerns over global economic developments.
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China will start regular annual checks of banks’ foreign exchange operations to make sure they observe relevant rules, the foreign exchange regulator said on Friday. The move is a concrete step towards implementing the country’s newly approved foreign exchange rules that were set earlier this month and curbs cross-border speculative capital flows, analysts said. The checks will cover the banks’ …
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