April 2008
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THE huge liberalisation and simplification of the foreign currency markets announced yesterday, and the effective creation of a single market-driven exchange rate for almost all commercial transactions, remove at a stroke many business constraints and end many of the damaging business distortions.
Written by admin on April 30th, 2008 with no comments.
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THE Reserve Bank of Zimbabwe has liberalised the foreign currency market by introducing an interbank trading system that will result in exchange rates being determined by the forces of supply and demand to encourage inflows into the formal market.
Written by admin on April 30th, 2008 with no comments.
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TOKYO (Thomson Financial) - The U.S. dollar was little changed in early afternoon trade in Tokyo on Thursday as investors were sidelined ahead of the release later today of the ISM manufacturing survey for March and the closely-watched U.S. non-farm payrolls data for April on Friday.
Written by admin on April 30th, 2008 with no comments.
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Fed cuts rates by 25bps, but leaves door open for more rate cuts if needed. GDP comes in better than expected.
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There are three types of commissions used in this market. Learn how to get the best deal.
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LONDON, May 1 - The dollar hit a one month high versus the euro on Thursday as market focus shifted from the Federal Reserve not signalling a definitive end to rate cuts, to worries about the health of the euro zone economy.
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NEW YORK, May 1 - The dollar climbed to a five-week peak against the euro and a seven-week high versus a major currency basket on Thursday as data indicated a generally stable economy, suggesting the Federal Reserve's monetary easing could slow.
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For today, in contracts.
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The move comes even as Bank of India on Wednesday said its corporate clients will suffer mark-to-market losses of around Rs 125 crore. It has 34 clients with 74 derivative transactions. Last week, State Bank of India said its clients may incur MTM losses of up to Rs 700 crore at the end of March 2008.
Written by admin on April 30th, 2008 with no comments.
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