December 09, 2007

Forex reserves rise to $273 bn

Forex reserves rise to $273 bn
Central Chronicle - Mumbai, Dec 8: The frenetic build-up of forex reserves has lost pace with reserves growing by only $1.2 billion during the week ended November 30 to $273.5 billion. Of the $1.2-billion increase in reserves, $546 million came from an increase in the

FOREX-Dollar reverses gains, turns lower vs euro after jobs
Reuters UK - NEW YORK, Dec 7 (Reuters) - The dollar reversed gains, turning lower against the euro on Friday as investors bought back the single currency after its post-payrolls decline. The euro rose as high as $1.4670 , up around 0.2 percent after

December consensus rate and forex forecasts: easing cycle intact
Stockhouse Canada - Deteriorating financial conditions are likely to prompt the Federal Reserve into more easing during the December 11 FOMC meeting. Our surveyed economists were already positioned for further easing before President George Bush announced to freeze

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