The Indian rupee is going to grow in the coming months as the central bank will probably rise the interest rate and will allow currencys appreciation according to Bank of America strategist.…
Bank of America Confident on INR Growth
May 5, 2008
Posts published in May 2008
Euro Rose on Support of ECB Rates
May 5, 2008
The euro rose today during the early Forex trading session, as the European politicians changed their mind on the ECB interest rate policy and traders became more…
According to the Finance Minister of Japan, Fukushiro Nukaga, Japan, South Korea and China are in the process of creating the mutual pool of $80 billion foreign currency reserves in order to protect…
Kuwait: GCC to Abandon Dollar
May 2, 2008
Kuwaiti Finance Minister has said that the Gulf Cooperation Council countries, U.A.E., Qatar and Bahrain specifically, are planning to scrap their currencies peg to dollar soon. Mustafa…
Yen Falls for Second Day as Stocks Bloom
May 2, 2008
Today the yen fell for the second day in a row on Forex as the stock markets rallied and the traders looked for the more high-yielding assets, selling the…
Yen Falls for Second Day as Stocks Bloom
May 2, 2008
Today the yen fell for the second day in a row on Forex as the stock markets rallied and the traders looked for the more high-yielding assets, selling the…