Saturday 30 July 2016
 
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forex

Turkish investors sell over $1bn in forex after Brexit

Turkish local investors sold over $1 billion in forex in profit taking after an initial steep slide in the lira on Friday as Britain's shock vote to exit from the European Union hit emerging market currencies, bankers told Reuters.

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Commodity currencies at 10-month highs

Commodity currencies like the Australian and New Zealand dollars soared to 10-month highs against the US dollar, drawing support from oil prices which stabilised from a slide and underpinned broad risk sentiment in global markets.

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Commodity currencies at 10-month highs

Commodity currencies like the Australian and New Zealand dollars soared to 10-month highs against the US dollar, drawing support from oil prices which stabilised from a slide and underpinned broad risk sentiment in global markets.

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Qatar riyal sinks in forwards market on loan concern

Qatar's riyal fell sharply in the forward foreign exchange market on Wednesday as traders cited concern that Qatar might have trouble agreeing with banks on the pricing of a syndicated loan of up to $10 billion. The drop was p

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New global forex code to take effect in 2017

The first comprehensive global code of conduct to regulate the scandal-hit foreign exchange market will come into force in May 2017, central bank officials said on Wednesday. Three years of revelations over the conduct of major ba

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China FX reserves in record fall

China's foreign exchange reserves posted their biggest monthly fall on record in August, reflecting Beijing's attempts to halt a slide in the yuan and stabilise financial markets following its surprise move to devalue the currency last m

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Saudi forex under pressure as oil policy bites

Domestic macro costs of Saudi Arabia’s unchanged oil policy are likely to become more acute  and apparent, a report said, highlighting that safeguarding forex reserves will require deep budgetary cuts at current oil prices, rather tha

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Ezz Steel output hit by forex shortages

Egypt's largest steel maker Ezz Steel's first-quarter net loss increased to EGP136 million ($17 million) from EGP19 million ($2.4 million) in the same period last year, hit by foreign currency shortages, the company said on Thursday.

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Ezz Steel output hit by forex shortages

Egypt's largest steel maker Ezz Steel's first-quarter net loss increased to EGP136 million ($17 million) from EGP19 million ($2.4 million) in the same period last year, hit by foreign currency shortages, the company said on Thursday.

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Global banks admit guilt in FX probe, fined $6bn

Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe into the $5 trillion-a-day market. Citigroup In

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