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Swiss National Bank Vice Chairman Philip Hildebrand could cast the first stone in a larger ECB paradigm shift.

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(RTTNews) - Tuesday, India’s foreign exchange reserves are above optimal level at $286 billion according to a recent International Monetary Fund-IMF study, reported the media. It pointed out that the forex accumulation decreased external weakness and the risk of financial corruption.

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India’s foreign exchange reserves at around $286 billion are much above the optimal level, said a recent IMF study, pointing out that forex accumulation has reduced external vulnerabilities and decreased the risk of financial contagion.

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NEW DELHI: The country’s foreign exchange reserves at around $286 billion are much above the optimal level, said a recent IMF study, pointing out that forex accumulation has reduced external vulnerabilities and decreased the risk of financial contagion.

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Forex traders should beware of event risk for the US dollar this week, as most economic releases will be out of the US. Indeed, house prices, consumer confidence, durable goods orders, and Q2 GDP will all hit the wires.

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An employee of a forex company was robbed of Rs.1.8 million at gunpoint in the capital Monday, police said. Ranjeet Singh, 28, employed with Associate Forex, was chased by two people in Connaught Place around 1 p.m. when he was going to deliver cash to a client.

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DailyFX Contributors — Click on a contributor to read their opinion. After the Forex market settled somewhat last week, there seems to a trade off between short-term range conditions and longer-term directional trends.

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ROOPESH Dhilrajlal Solanki, the former manager of the defunct Lannex Forex Bureau, was on Friday jailed in Luzira prison for embezzling sh254m.

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Failing to break its overnight high in US trading, a larger US dollar correction may finally be underway. The USDJPY looks like the most bang for the buck right now.

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US durable goods orders report tops a sparse economic docket tomorrow; but can it maintain volatlity and potential EURUSD and GBPUSD breakout momentum?

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