Peg Reed, Interbank FX Managing Director of Global Partnerships. Using a transparent business model, Interbank FX’s private label partnership offers a customizable and scalable Forex trading solution.
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JERUSALEM, Nov 16 (Reuters) - Bank of Israel Governor Stanley Fischer said on Monday it is too early for the central bank to stop buying foreign currency to keep the shekel from strengthening.
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India’s forex outgo on account of import of vegetable oils has zoomed to a record high of Rs 28,000 crore in the just concluded oil year of 2008-09 from Rs 25,000 crore in the previous year.
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The EURUSD is up yet again to start the week (5 of the past 6 Monday’s have been up days). Trading above 1.5066 would shift focus to the base of the 2008 range at 1.5280.
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The USD/CHF has seen price action dictated by risk sentiment as the dollar continues to be negatively correlated with demand for risky assets. The pair in fact has been the mirror image of the EUR/USD in recent trading with parity serving as a similar barrier to 1.500 for the single currency cross.
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Forex options market volatility expectations have once again dropped considerably to start the week’s trade, giving mixed outlook for trading strategy biases in the week ahead. Our 1-week volatility index trades at its lowest levels in nearly 14 months.
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China, US spar over forex rates ahead of Obama visitChina, US spar over forex rates ahead of Obama visit
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