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Archive for July 3rd, 2009

MUMBAI: Foreign exchange reserves rose by $932 million during the week ended June 26, partly due to cross currency revaluation and the central bank purchasing dollars to prevent the rupee from rising too sharply. According to the latest data released …

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TORONTO (Dow Jones)–The dollar eked out marginal gains Friday in activity made narrow and illiquid by the close of U.S. financial markets for the long Independence Day weekend. Coming off a broad-based rally on Thursday, when an unexpectedly weak U …

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By Don Curren A DOW JONES NEWSWIRES COLUMN TORONTO (Dow Jones)–The major currencies likely will remain within their recent trading ranges next week, although the dollar could strengthen if the risk aversion reignited by recent weak U.S. jobs data …

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Foreign exchange reserves rose $932 mn during the week ended June 26, partly on account of cross currency revaluation and also some mop up of inflows by the central bank. While the government has vacated their ways and means advances (WMA) with the …

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TORONTO (Dow Jones)–The dollar is mixed Friday morning as light trading flows due to the Independence Day holiday in the U.S. blunt the greenback’s earlier strength. The dollar is currently little changed against the euro and the yen, modestly …

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LONDON, July 3 (Reuters) - The euro recovered against the dollar on Friday as traders picked up the single European currency following its fall the previous session, when weak U.S. jobs data helped lift the dollar across the board. Some traders …

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FXstreet.com (Barcelona) - After capping its recovery from 1.3928 at 1.4028 and falling around 50 pips to trade below to 1.4000, EUR/USD has been rebounded from 1.3980 to levels close to 1.4015 in the last hour. Currently the pair is trading around 1 …

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FXstreet.com (Barcelona) - The GBP/USD’s rejection from 1.6430 in the early European has continued and the pair has fallen around 130 pips to test 1.6300 level, posting 1.6302 as fresh 1-week low. Currently the pair is trading around 1.6300/10, 0.25 …

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TOKYO, July 3 (Reuters) - International policy veteran Rintaro Tamaki, who will become Japan’s top currency diplomat in a regular personnel reshuffle at the Finance Ministry, is not expected to make major changes in policy, despite facing a number of …

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