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Lenders shifting forex units to Shanghai
Guangdong Development Bank Co said it moved currency and bond traders to Shanghai from its headquarters in Guangzhou as an end to the yuan's peg against the dollar enhances the city's role as a financial center.
Read more...New Solution Created for Regulatory Margin Requirement
Latest Japanese FSA Rule Puts Focus on Leverage Control [PR.com]
Read more...Forex Fundamental Trends Monitor 07.26.2010
Euro remains supported by short-covering while the Pound continues to track the outlook for interest rates. The Yen is tracking US yields and the commodity bloc is still anchored to stock markets and the earnings calendar.
Read more...Rupee weakens by 12 paise to 47.05/06 against dollar
Mumbai, Jul 26 (UNI) The Rupee today weakened by 12 paise to 47.05/06 against the dollar on fresh purchases of the greenback by foreign funds along with bearish phase in equity prices, traders at the foreign exchange (FOREX) said.
Read more...Shanghai Forex Market Should Control Yuan Price Setting, PBOC's Zhang Says
Shanghais foreign-exchange market should control price setting for Chinas yuan, Zhang Jianhua , director of the research department at the Peoples Bank of China, said today.
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