Category: Currency and Forex
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Forex Appeals to Many Investors
A growing number of individuals are exploring the benefits of investing in foreign currency. That’s one reason why Forex has quickly become one of the biggest players in the Internet-based currency trading market. Individuals no longer need to be reliant on brokers or banks to complete transactions like these. Now even those at home can…
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Currency Fundamentals
Last weeks U.S Fed meeting went off without much fanfare. Chairman Bernanke and his crew of regional fed governors gave the markets what they were expecting, an unchanged target interest rate of 5.25%. It appears U.S rates will remain somewhat stable in the near term. The expectations that other central banks around the globe will…
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Hong Kong’s Forex Market Strives to go Global
Hong Kong’s forex market can leverage its strengths to become an international centre, Monetary Authority Chief Executive Joseph Yam says. In his weekly column Viewpoint, Mr Yam said the local forex market has adequate liquidity to cope with large orders, and its supporting infrastructure is arguably the best in the world, particularly in managing settlement…
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Currency ETFs
This week, Rydex introduced 6 new ETFs that will enable more investors to become involved in the ever expanding currency markets. Following the popularity of the Rydex Euro Currency Trust (NYSE: FXE) the company has launched ETFs that track the performance of the British pound (FXB), the Canadian dollar (FXC), the Mexican peso (FXM), the…
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Dubai Currency Futures Trading
The Dubai Gold & Commodities Exchange will begin the Persian Gulf’s first trading of currency futures on June 12, said Chief Executive Officer Framroze Pochara. We will start with euro-dollar and pound-dollar currency futures in lots of 50,000, and yen-dollar futures in lots of 5 million… A currency future, also FX future or foreign exchange…
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ACI World Congress
45th ACI World Congress Attracts Global Market Experts, Investors The 45th ACI World Congress is an international gathering of financial markets experts. Approximately 500 international and local delegates will attend this year’s Congress in Manila May 26-27. The Congress features keynotes by President Gloria Macapagal-Arroyo of the Philippines, and plenary and panel discussions by world…
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Tax Breaks Attract Investors To Brazilian Investment Funds
Tax breaks and high levels of interest rates helped Brazilian investment funds attract a record 39.9 billion Brazilian reals ($18.7 billion) in the first quarter of 2006, the National Investment Banks Association (Anbid) reported last week. Fixed-income funds led the way in attracting new investors, pulling in a net BRL16.7 billion during the first three…
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China issues rules on offshore investing
SHANGHAI, China – China’s banking regulators on Tuesday issued rules for commercial banks to invest client funds offshore, an important step toward opening up the country’s tightly controlled foreign exchange regime. The regulations, which take effect immediately, are meant to widen the investment options available to institutional and individual investors, allowing them to diversify their…
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Offshore Money Market Accounts
The securities market dealing in short-term debt and monetary instruments. Money market instruments are forms of debt that mature in less than one year and are very liquid. Treasury bills make up the bulk of the money market instruments. Securities in the money market are relatively risk-free. Money Market: Introduction Whenever a bear market comes…