Archive | forex

Currency Trading Surges to Record $1.9 Trillion Daily Average

By Mark Tannenbaum – Foreign-exchange trading surged to a record daily average of $1.9 trillion this year as hedge funds and other money managers increased bets on currencies, according to the Bank for International Settlements. The value of transactions, which is about four times the average trading each day in U.S. Treasury securities, rose 57 […]

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Brazil real falls on Powell threat, tight liquidity

São Paulo, 22 – The Brazilian real ended Wednesday at R$ 2.882 to the dollar, which rose 0.45%. This was off of a R$ 2.883 minimum for the local currency, a R$ 2.859 maximum and a R$ 2.869 close on Tuesday. The real was hit on Wednesday by U.S. secretary of state Colin Powell implying […]

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GDP Report Could Spur Talk of Stagflation

By Rebecca Byrne Stagflation is a word that might spring to mind on Friday morning after the second-quarter gross domestic product report is released. Because economic growth is expected to rise a healthy 3.7% in the quarter and the GDP price deflator is projected to increase at a 3% annual pace, talk of stagflation — […]

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Dollar May Drop for Fourth Week Against Euro, Survey Indicates

May 31 (Bloomberg) — The dollar may drop against the euro for a fourth week on the belief that the U.S. currency’s 5.4 percent advance from a record low already reflects forecasts for employment growth and higher interest rates, a Bloomberg survey indicates. Sixty-seven percent of the 82 traders, investors and strategists polled Friday from […]

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