China Removes Cap on Forex Deposit Rates in Shanghai – Bloomberg
China Removes Cap on Forex Deposit Rates in ShanghaiBloomberg“This is a small step in deposit-rate liberalization because forex deposits are a tiny fraction of the total,” said Dariusz Kowalczyk, senior…
Forex Market Held Hostage By Low-Rates Pledge – Forbes
Forex Market Held Hostage By Low-Rates PledgeForbesThe forex market relies on interest rate differentials to raise market volume and volatility, twin properties that seem to be lacking ever since central…
FOREX-Pound sags after less hawkish BOE, G3 currencies adrift – Reuters
FOREX-Pound sags after less hawkish BOE, G3 currencies adriftReutersParticipants said unspent market energy was mounting up due to the rangebound trading. "Power is building up and dollar/yen is likely to…
FOREX-Euro, pound tread water before German Ifo, Carney testimony – Reuters
FOREX-Euro, pound tread water before German Ifo, Carney testimonyReuters… * Weak German survey would be likely to push euro lower. * BoE chief to be quizzed by lawmakers on rates.…
Banks speed up shift to forex automation – Financial Times
Banks speed up shift to forex automationFinancial TimesAbout two-thirds of UBS's forex business is conducted through its Neo platform. This is in line with overall markets where 65 per cent…
Colombia Raises Rates, Doubles Intervention in Forex Market – Wall Street Journal
Business Recorder Colombia Raises Rates, Doubles Intervention in Forex MarketWall Street JournalBOGOTÁ—Colombia's central bank raised its key lending rate for a third straight month Friday to cool an expanding economy,…
Forex Probe Alleges Rival Traders Shared Customer Charges on Trades – Wall Street Journal
Forex Probe Alleges Rival Traders Shared Customer Charges on TradesWall Street JournalThe global investigation into the foreign-exchange market has unearthed evidence allegedly showing senior currency traders at competing banks discussed…
FOREX-Dollar hurting post-Fed, Norwegian crown sinks – Reuters
Reuters FOREX-Dollar hurting post-Fed, Norwegian crown sinksReuters… * "Carnage" for Norwegian crown after central bank changes tack * Disappointment over Fed message hurts dollar * Sterling and euro higher *…
Opting for virtual, forex cards can help in reducing risk of frauds – Economic Times
Economic Times Opting for virtual, forex cards can help in reducing risk of fraudsEconomic TimesOn the other hand, if your travel destination happens to be located abroad, you can simply…
