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Forex reserves up $932 mn to $264.58 bn (Business Standard India)
India's forex reserves rose by $932 million to $264.584 billion for the week ended June 26 as compared to $263.652 billion in the previous week.
Read more...Forex Sentiment Indicator Forecasts EURUSD Losses Following NFP's (Daily FX via Yahoo! Finance)
EURUSD - Euro Forecast to Decline Further on Shift in Forex Sentiment GBPUSD - British Pound Outlook Remains Bearish on Sharp Sentiment Shifts USDJPY - Japanese Yen Outlook Modestly Bullish Against US Dollar USDCHF - Swiss Franc Looks to Gain Versus US Dollar USDCAD - Canadian Dollar Forecast Summarily Unclear Versus US Dollar
Read more...Russia c.bank says scraps forex recommendation (Reuters via Yahoo! Singapore News)
MOSCOW, July 2 (Reuters) - Russia's central bank said on Thursday it was scrapping its recommendation for commercial banks not to increase net foreign currency assets from the third quarter due to the stabilisation of the forex market.
Read more...Forex Seasonality: Canadian Dollar and Japanese Yen May Decline in July (Daily FX via Yahoo! Finance)
Forex trading market seasonality is an effect widely studied as a primary mover of major currency pairs, as long-term studies suggest that certain seasonal patterns may be able to predict forex price moves.
Read more...(AFX UK Focus) 2009-07-02 16:54 UPDATE 2-Danish June forex reserves rise, rates seen steady (Interactive Investor)
COPENHAGEN, July 2 (Reuters) - Denmark's foreign exchange reserves rose by 5.0 billion crowns to 330.3 billion ($62.59 billion) in June against economists' expectation of no change, central bank data showed on Thursday. The central bank, whose main lending rate stands at 1.55 percent, signalled no change in interest rates. Economists also said the modest rise in forex reserves suggested there ...
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