Forex Markets News

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A fall of four cents by the New Zealand dollar against the US dollar overnight is described as the biggest since the currency was floated in 1985. The kiwi fell to a four-year low of just under US62 cents at 8am on Tuesday before rallying to US64c at

TOKYO (AFP) - The yen eased back while the euro rebounded in Asia Tuesday as global markets showed signs of stabilising, helped by a big cut in Australian interest rates, dealers said. The move sparked hopes that other central banks could also lower

(Canadian Press (delayed) Via Acquire Media NewsEdge) NEW YORK _ Key currency exchange rates Monday, compared with late Friday in New York: Dollar vs: Exchange Rate Pvs Day Yen 100.56 105.35 Euro $1.3457 $1.3835 Pound $1.7388 $1.7781 Swiss franc 1.1480

Oct 07 - U.K. Manufacturing Disappoints, Industrial Production Slips to Three Year Low But Pound-Dollar Continues to Hold Ground (Update) Oct 07 - Pound-Dollar (GBPUSD) Loses Ground as U.K. Banks Look for Aid Oct 07 - ECB's Noyer Calls for G8 Meeting as

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the US dollar showed mixed trading against the currencies of UK, Europe, Switzerland and Japan. While the dollar pared its Asian session's gain against the yen, it recovered early losses against the pound and the euro. The dollar thus surged to a fresh

SINGAPORE, Oct 7 (Reuters) - The cost of overnight dollar funding hovered between 2 and 3 percent in Asia on Tuesday as central banks tried to boost liquidity, while three-month rates rose as high as 7 percent due to firmer demand, traders said. In

(RTTNews) - The New Zealand dollar pared the gains it posted in Tuesday's Asian trading during early European deals. At about 4:20 am ET, the kiwi touched 0.6260 against the greenback and 63.70 against the yen, falling from 0.6427 and 66.28,

SINGAPORE, Oct 7 (Reuters) - The Indonesian rupiah fell more than 1 percent against the dollar for a second consecutive day on Tuesday, reacting to the intensifying credit crisis and prompting the central bank to step in to defend the currency. The

TOKYO, Japan -- (UPDATE) The yen eased back while the euro rebounded in Asia Tuesday as global markets showed signs of stabilizing, helped by a big cut in Australian interest rates, dealers said. The move sparked hopes that other central banks could also

AUD/JPY is our Trend for TodayAs the global credit markets froze and stock markets dropped, the Yen was a big winner against the beleaguered Aussie dollar. Market risk aversion caused the AUD/JPY to drop over 1000 pips from the high of 81.20 to a low of

The euro will disappear within 20 years because of the inability of member states to stick to the rules underpinning the European Union's single currency.-- Jim Rogers, 2006.'Prodi's euro has screwed everybody.'-- Silvio Berlusconi, prime minister of

The U.S. market drops 800 points. It recovers more than half to finish down 370 points. Was that capitulation? Hedge fund manipulation? Yet another relief rally? Nobody knows. About the only thing that we do know is that... up or down, good or bad... the

* Euro recovers, sterling hits 2-1/2-year low * RBA rate cut stokes speculation of cuts by other c.banks * Pound stung by reports of RBS emergency funding LONDON, Oct 7 (Reuters) - The euro rose on Tuesday on growing speculation that some central banks

MUMBAI (Reuters) - The rupee fell to its lowest since December 2002 on Tuesday, weighed down by a stronger dollar overseas and losses in the local stock market which raised concerns on more foreign fund outflows. At 12:16 p.m., the partially convertible

Rupee erased some losses Tuesday and recovered to 47.76/77 per dollar as banks began selling dollars. Earlier, the rupee crossed the 48 mark due to sustained dollar demand from oil refiners in the face of consistent capital exodus from equities. A sharp

South Korea?s currency, the won dropped to an over six year low against the greenback Tuesday. The won has lost around 30 percent against the greenback. In order to prevent sharp devaluation of the local currency, the South Korean government has spent

Japanese yen suffered steep decline Tuesday as it plunged against the dollar and euro after Australia's central bank slashed interest rates by a full percentage point, stirring talk of coordinated central bank action to stem the worsening credit crisis.

Rupee continued its journey towards south and opened Tuesday by breaching the crucial 48 per dollar mark for the first time in more than five years. The partially convertible rupee was at 48.01/48.02 per dollar at 9.00 a m mainly on concerns about