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 Financial Times: Dollar pressured by US economic outlook
The Federal Reserve's cautious outlook for the world's biggest economy sends the dollar to a three-month low on a trade-weighted basis, as further fragile data adds to concern
Financial Times: Aussie falls on surprise inflation news
Price rises fell within the Reserve Bank of Australia's target range of 2-3 per cent for first time in three years, making rate rise unlikely, analysts say
Financial Times: IMF staff and board split on renminbi
The disagreement among the 24-member board on the currency weakens the pressure on China further to revalue the renminbi after it abandoned its peg to the dollar
Financial Times: China revs up renminbi expansion
The quest to turn the renminbi into an international reserve currency may take time, but Beijing is taking big steps in that direction.
AllAfrica: Ghana: Cedi Faces as High as 15 Percent Depreciation
After performing creditably well against the major foreign currencies in the first five months of the year, the Ghana Cedi faces hard times in the coming months.
Financial Times: Dollar valuation
Weak US growth bodes ill for the greenback in coming months, says Jens Nordvig, head of G10 currency strategy at Nomura
Financial Times: Euro rises further against the dollar
The euro rises to trade just below a two month high against the dollar, bolstered by benign bank earnings and firmer investor risk appetite
AllAfrica: Uganda: Foreign Reserves Decline
Uganda's foreign currency reserves fell by $178m from $2,698m in April, down to $2,520m in May, the Central Bank announced last week.
Financial Times: Euro makes progress versus the dollar
Results of reviews of the financial health of Europe's banks continue to lend support to the euro in spite of scepticism over the rigour of the process
Financial Times: Strong GDP figures lift sterling
The pound surged after figures showed the UK economy grew at its fastest pace in four years in the second quarter
CMDB improves operating costs & security - Sponsored Link
Oil prices jump on weak dollar
Forex trading on course for sterling gains
Hard Dollar Corporation Releases HD 10.2 to Enhance Scheduling Capability
Euro Rallies to 12-Week High Against Dollar (FXE, UUP)
Oil Gains on Dollar's Weakness (USO)
Avis, Hertz Play Bumper Cars For Dollar Thrifty
Dollar under pressure
Dollar Stores: More Brands, More Customers
EUR/USD testing levels below 1.3075
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·Dollar pressured by US economic outlook
The Federal Reserve's cautious outlook for the world's biggest economy sends the dollar to a three-month low on a trade-weighted basis, as further fragile data adds to concern
·Aussie falls on surprise inflation news
Price rises fell within the Reserve Bank of Australia's target range of 2-3 per cent for first time in three years, making rate rise unlikely, analysts say
·IMF staff and board split on renminbi
The disagreement among the 24-member boardon the currency weakens the pressure on China further to revalue the renminbi after it abandoned its peg to the dollar
·China revs up renminbi expansion
The quest to turn the renminbi into an international reserve currency may take time, but Beijing is taking big steps in that direction.
·Sterling at a five-month high against the dollar
Pound reaches a five-month high against the dollar
·Toyota to expandoverseas production
Toyota expects to begin building cars at a new assembly plant in India in December, andadditional factories are planned for Brazil and China in 2012
·Dollar valuation
Weak US growth bodes ill for the greenback in coming months, says Jens Nordvig, head of G10 currency strategy at Nomura
·Surge in eurozone mortgage lending
Eurozone mortgage borrowing surged last month to the highest in almost two years in a sign that bank lending across the 16-country region may be flickering back to life
·Euro makes progress versus the dollar
Results of reviews of the financial health of Europe's banks continue to lend support to the euro in spite of scepticism over the rigour of the process
·UK growth fastest for four years
Britain's economy surged in the second quarter, expanding by 1.1 per cent – its fastest pace in four years
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·South Africa: 'Poor Will Suffer' From a Cheaper Rand
ANY move to devalue the rand would drive up food inflation and hit SA's poor the hardest, Pick n Pay chairman Gareth Ackerman warned yesterday.
·South Africa: Hulamin Joins 'Weaker Rand' Chorus
HULAMIN, which generates 75% of its revenue through exports to about 70 countries, said yesterday its profit for the six months to June was significantly reduced by the strong rand.
·Uganda: Foreign Reserves Decline
Uganda's foreign currency reserves fell by $178m from $2,698m in April, down to $2,520m in May, the Central Bank announced last week.
·Namibia: Interest Rate Stable But Currency Perhaps Too Strong
Although it would be premature to describe the regional economy as stable and growing, the fact that the South African Reserve Bank left the SA repo rate at 6.5% at its MPC meeting on Thursday, indicates that growth is expected to continue, albeit at a much slower rate than the annualised figure of 4.6% for the first quarter of this year. The SA central bank is also fairly confident that inflation will be subdued and ...
·South Africa: Rates Kept Steady as Robust Rand Hogs Limelight
THE Reserve Bank kept interest rates steady yesterday, in line with forecasts by analysts but disappointing markets, which had been betting on a cut.
·South Africa: OECD Warns on Strong Rand Threat to Economy
SA's authorities should intervene more actively against strength in the rand, which has hit exports, and provide policy signals on both the exchange rate and the likely direction of interest rates, a top global think-tank said yesterday.
·Gambia: Restriction On Shipping of U.S. Dollar Lifted
The Office of the President has lifted the restriction imposed on the shipping of the US dollar out of the country effective 20th July, 2010, a dispatch issued yesterday revealed.
·Nigeria: Naira Sheds Five Kobo as Demand Rises by 25 Percent
The naira depreciated by five kobo following a 25 per cent rise in foreign exchange demand in the official market .
·South Africa: Weaker Rand is Not Enough On Its Own
THE rand is widely seen as overvalued, but deliberately weakening the currency to boost our exports will not work, unless measures are also taken to keep inflation in check.
·Zimbabwe: IMF Paper Warns Against Adopting Zim Dollar
ZIMBABWE has not established a sufficient track record of sound policies to allow for a return of the beleaguered domestic currency, which was abandoned with dollarisation last year, an International Monetary Fund (IMF) - sanctioned paper has disclosed.
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