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.
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