May 13th, 2008
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TOKYO (Thomson Financial) - The U.S. dollar was trading mixed against major currencies in Tokyo on Wednesday, with the greenback slightly supported by fading expectations of further interest rate cuts by the Federal Reserve.
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KUALA LUMPUR, May 14 (Bernama) -- The ringgit opened lower against the U.S. dollar which gained on better sales data Wednesday despite the stronger stock market a dealer said.
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SYDNEY (Thomson Financial) - The U.S. dollar was trading slightly easier against major currencies but consolidating at higher levels against major currencies in Sydney trade on Wednesday as hopes of further interest rate cuts by the Federal Reserve faded.
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SYDNEY (Thomson Financial) - The U.S. dollar was trading slightly easier against major currencies but consolidating at higher levels against major currencies in Sydney trade on Wednesday as hopes of further interest rate cuts by the Federal Reserve faded.
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GBP surge short lived on the back of CPI figures, Oil sets new record highs
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· BoE Governor may need to prepare his next letter to the exchequer... · US consumer spending stronger in all the right places. We love feedback! Send any comments or suggestions to tbelkas@dailyfx.com or jkicklighter@dailyfx.com
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It's now official that fiscal 2007-08 witnessed many banks and corporates having taken a huge hit on account of losses incurred on the forex derivative exposures.
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For today, in contracts.
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NEW YORK, May 14 - The dollar rebounded against the euro on Wednesday as U.S. stocks extended gains and shrugged off a report showing tame reading on U.S. consumer prices in April.
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More action is needed to reduce foreign exchange settlement risk to avoid a meltdown in the global financial system, the Bank for International Settlements said yesterday.
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