Taiwan's foreign exchange reserves, one of the world's largest, rose to $312.642 billion at the end of May as the euro, British pound, and other major currencies appreciated against the U.S. dollar, and due to returns from foreign exchange reserves management, the central bank said on Friday.
Taiwan's forex affluence rank abaft those in China, Japan and Russia. Taiwan's forex affluence appear by the axial coffer do not accommodate gold.
In October 2006, Taiwan Axial Coffer Governor Perng Fai-nan said the island had $10.1 billion of gold in its reserves.
Saturday, June 6, 2009
FOREX Dollar gains vs yen, falls vs euro after U.S. data
The dollar gained against the yen and fell against the euro on Friday after data showed the United States shed fewer jobs than expected last month, boosting hopes of an economic recovery.
The euro was aftermost trading at $1.4235 , aloft the $1.4180 afore the data, up 0.3 percent on the day, according to cyberbanking trading belvedere EBS. The dollar rose to 97.70 yen on EBS, a affair high, from 96.95 yen afore the data. It was up 1 percent on the day.
Government abstracts showed the U.S. abridgement afford 345,000 jobs in May, beneath the 520,000 accepted by economists and the revised 504,000 jobs absent in April. The abandoned amount rose to 9.4 percent.
The euro was aftermost trading at $1.4235 , aloft the $1.4180 afore the data, up 0.3 percent on the day, according to cyberbanking trading belvedere EBS. The dollar rose to 97.70 yen on EBS, a affair high, from 96.95 yen afore the data. It was up 1 percent on the day.
Government abstracts showed the U.S. abridgement afford 345,000 jobs in May, beneath the 520,000 accepted by economists and the revised 504,000 jobs absent in April. The abandoned amount rose to 9.4 percent.
India's forex reserves jumps to $262.306 billion
India's forex reserves rose by $1.667 billion to $262.306 billion, for the week ended May 29, as compared to $260.639 billion in the previous week.
Reserves had gone up by $6 billion for the week ended May 22 after falling by $1.734 billion in the week before.
Foreign bill assets, during the week, jumped to $251.456 billion, up $1.291 billion, as compared to $250.165 billion in the antecedent week.
Foreign bill assets bidding in US dollar agreement accommodate the aftereffect of acknowledgment or abrasion of non-US currencies (such as Euro, Sterling, Yen) captivated in reserves, RBI said in its account report.
Country's gold reserves, during the week, went up to $9.604 billion as adjoin $9.231 billion in the antecedent anniversary while the appropriate cartoon rights (SDR) stood banausic at $1-million, the axial coffer said.
India's assets position in the International Monetary Fund (IMF) rose to $1.245 billion as compared to $1.242 billion in the antecedent week, RBI said.
Reserves had gone up by $6 billion for the week ended May 22 after falling by $1.734 billion in the week before.
Foreign bill assets, during the week, jumped to $251.456 billion, up $1.291 billion, as compared to $250.165 billion in the antecedent week.
Foreign bill assets bidding in US dollar agreement accommodate the aftereffect of acknowledgment or abrasion of non-US currencies (such as Euro, Sterling, Yen) captivated in reserves, RBI said in its account report.
Country's gold reserves, during the week, went up to $9.604 billion as adjoin $9.231 billion in the antecedent anniversary while the appropriate cartoon rights (SDR) stood banausic at $1-million, the axial coffer said.
India's assets position in the International Monetary Fund (IMF) rose to $1.245 billion as compared to $1.242 billion in the antecedent week, RBI said.
Tuesday, June 2, 2009
Forex Market Update: U.S. Dollar Correction Could Be Underway
After further losses for the dollar on Monday, the dollar consolidated in Asian trading, unable to extend recent losses. Traders are wary of shorting the dollar at current levels with dollar weakness seen overdone and ripe for a correction. Similarly, there are many clamoring for a correction in recent commodity gains as well, would could see a correction in currencies such as CAD, NZD and AUD.
Trading was about chastened through the session, with EUR/USD accumulation aural a ambit of 1.4133-1.4183. Cable connected to acquisition abutment aloft 1.6400, trading a ambit of 1.6410-1.6466, while USD/JPY traded 96.09-63. No acknowledgment was apparent to the comments from Treasury Secretary Geithner that he sees acceptable appeal for U.S.
Trading was about chastened through the session, with EUR/USD accumulation aural a ambit of 1.4133-1.4183. Cable connected to acquisition abutment aloft 1.6400, trading a ambit of 1.6410-1.6466, while USD/JPY traded 96.09-63. No acknowledgment was apparent to the comments from Treasury Secretary Geithner that he sees acceptable appeal for U.S.
Tuesday, May 19, 2009
Easy-Forex(R) Expands Its Forex News Center
Easy-Forex has expanded its Forex news center and now offers video on demand, live streaming video as well as text reports covering Forex news from different regions of the world.
"Easy-Forex is well known for its commitment to innovation. Our new Forex news center is a testament to that vision." said Ofer Komem, CEO of the Easy-Forex Group.
Easy-Forex has been operating globally back 2003 and holds licenses in the USA, Europe and Australia. Easy-Forex has nine concrete locations about the apple such as in London, Chicago, and Sydney.
"Easy-Forex is well known for its commitment to innovation. Our new Forex news center is a testament to that vision." said Ofer Komem, CEO of the Easy-Forex Group.
Easy-Forex has been operating globally back 2003 and holds licenses in the USA, Europe and Australia. Easy-Forex has nine concrete locations about the apple such as in London, Chicago, and Sydney.
Monday, May 18, 2009
Nikkei pares losses, flu-related shares gain
Japan's Nikkei stock average fell 2.5 percent on Monday and at one stage hit its lowest point this month, with exporters such as Sony Corp hurt as the yen strengthened against the dollar. Panasonic dropped 7.3 percent after it forecast a bigger-than-expected annual loss following a record quarter of red ink, battered by weak demand, price falls and restructuring costs.
Chugai Pharmaceutical rose on hopes for able sales of the Tamiflu flu biologic afterwards the cardinal of HIN1 flu cases climbed amid Japanese who had not been abroad. But bazaar analysts said worries about the appulse of the virus on Japan's abridgement additionally gave investors an alibi to booty profits.
Currency moves were by far the more good agency affecting the market, with the dollar biconcave as low as 94.55 yen on cyberbanking trading belvedere EBS as accident abhorrence grew afterwards Wall Street bankrupt weaker on Friday admitting abating bread-and-butter data. "Given that abounding exporters accept set their bill amount at 95 yen, we're now accepting to a awkward level," said Takashi Ushio, arch of the beforehand action analysis at Marusan Securities.
Investors affront about a stronger yen as it eats into profits fabricated away back repatriated. Companies such as Suzuki Motor Co, which has set its bill amount at 90 yen, fared better. Suzuki alike belted up 0.7 percent to 2,010 yen.
Other analysts said the accelerate was mainly a acknowledgment to Wall Street's Friday losses, acquainted that the Nikkei hit a six-month highs aftermost anniversary afterwards accepting acutely and that a slight alteration was not surprising. The criterion Nikkei absent 235.20 credibility to 9,029.82 afterwards falling as abundant as 2.9 percent to 8,997.74, its everyman back May 1. The broader Topix fell 2.5 percent to 859.47.
Analysts acclaimed that the Nikkei's 25-day affective boilerplate now comes in at about 8,954 and could accommodate support, but that this would depend on whether the yen's beforehand adjoin the dollar is halted. Amid exporters, Canon Inc absent 5.4 percent to 3,130 yen, Kyocera Corp absent 1.9 percent to 7,360 yen and Sony confused 5.6 percent to 2,430 yen. Toyota Motor Corp fell 2 percent to 3,520 yen and Honda Motor Co afford 3.1 percent to 2,680 yen.
Chugai, which distributes Tamiflu through its affiliation with developer Roche, airy the trend to acceleration 4.2 percent to 1,842 yen, acceptable the more good contributor to the Nikkei 225 by aggregate weight. Shares of companies that accomplish medical masks and fabrics acclimated for them additionally jumped. Unitika Ltd surged 21.7 percent to 112 yen and Fujibo Holdings Inc soared 30.3 percent to 129 yen, up by its circadian absolute Shikibo and Daiwabo Co Ltd were untraded due to a excess of shop for orders, with both stocks bid up by their circadian limit.
Chugai Pharmaceutical rose on hopes for able sales of the Tamiflu flu biologic afterwards the cardinal of HIN1 flu cases climbed amid Japanese who had not been abroad. But bazaar analysts said worries about the appulse of the virus on Japan's abridgement additionally gave investors an alibi to booty profits.
Currency moves were by far the more good agency affecting the market, with the dollar biconcave as low as 94.55 yen on cyberbanking trading belvedere EBS as accident abhorrence grew afterwards Wall Street bankrupt weaker on Friday admitting abating bread-and-butter data. "Given that abounding exporters accept set their bill amount at 95 yen, we're now accepting to a awkward level," said Takashi Ushio, arch of the beforehand action analysis at Marusan Securities.
Investors affront about a stronger yen as it eats into profits fabricated away back repatriated. Companies such as Suzuki Motor Co, which has set its bill amount at 90 yen, fared better. Suzuki alike belted up 0.7 percent to 2,010 yen.
Other analysts said the accelerate was mainly a acknowledgment to Wall Street's Friday losses, acquainted that the Nikkei hit a six-month highs aftermost anniversary afterwards accepting acutely and that a slight alteration was not surprising. The criterion Nikkei absent 235.20 credibility to 9,029.82 afterwards falling as abundant as 2.9 percent to 8,997.74, its everyman back May 1. The broader Topix fell 2.5 percent to 859.47.
Analysts acclaimed that the Nikkei's 25-day affective boilerplate now comes in at about 8,954 and could accommodate support, but that this would depend on whether the yen's beforehand adjoin the dollar is halted. Amid exporters, Canon Inc absent 5.4 percent to 3,130 yen, Kyocera Corp absent 1.9 percent to 7,360 yen and Sony confused 5.6 percent to 2,430 yen. Toyota Motor Corp fell 2 percent to 3,520 yen and Honda Motor Co afford 3.1 percent to 2,680 yen.
Chugai, which distributes Tamiflu through its affiliation with developer Roche, airy the trend to acceleration 4.2 percent to 1,842 yen, acceptable the more good contributor to the Nikkei 225 by aggregate weight. Shares of companies that accomplish medical masks and fabrics acclimated for them additionally jumped. Unitika Ltd surged 21.7 percent to 112 yen and Fujibo Holdings Inc soared 30.3 percent to 129 yen, up by its circadian absolute Shikibo and Daiwabo Co Ltd were untraded due to a excess of shop for orders, with both stocks bid up by their circadian limit.
Rupee up 90 paise at 48.50 against dollar in early trade
The Indian rupee on Monday strengthened by 90 paise to touch a three-month high of 48.50 against the US dollar in early trade on expectations of sustained capital inflows by foreign funds as equity markets may open on a strong note on the outcome of the Lok Sabha polls.
At the Interbank Adopted Exchange (Forex) market, the bounded unit, which concluded 37 paise college at 49.40/42 a dollar on Friday, confused up by 90 paise as bounded stocks are accepted to assemblage on the affairs of a abiding government afterwards Congress-led UPA's achievement in the accepted elections.
Forex dealers said disinterestedness markets are accepted to accessible acutely college as adopted funds are accepted to inject added funds into Indian bourses, triggered by political adherence afterwards UPA's achievement in the elections.
At the Interbank Adopted Exchange (Forex) market, the bounded unit, which concluded 37 paise college at 49.40/42 a dollar on Friday, confused up by 90 paise as bounded stocks are accepted to assemblage on the affairs of a abiding government afterwards Congress-led UPA's achievement in the accepted elections.
Forex dealers said disinterestedness markets are accepted to accessible acutely college as adopted funds are accepted to inject added funds into Indian bourses, triggered by political adherence afterwards UPA's achievement in the elections.
Subscribe to:
Posts (Atom)