Foreign Exchange News

Evening Standard14 August 2006 THE Tel Aviv stock market jumped almost 3% overnight as optimism grew about the Israeli-Hezbollah ceasefire in Lebanon that took effect today. OTHER STORIES Market report: Friday close Sunday newspaper share tips Dull but a nice little earner Small caps: Rackham racks up Ikea deal Whittaker's top share tips THE EDITOR'S PICKS TOP STORY: Where n ...

SINGAPORE (XFN-ASIA) - The US dollar weakened against the euro in afternoon trading here on hopes that data for the euro zone that are due to be released later today will show economic growth there accelerating, dealers said. But the dollar managed a slight rebound against the yen, approaching the peak of 116.45 yen that it reached in New York Friday. At 3.08 pm (0708 GMT) here, the euro was at  ...

SHANGHAI (XFN-ASIA) - The yuan ended at 7.9888 to the dollar on the exchange-traded market, against Friday's close of 7.9766, traders said. It traded between 7.9860-7.9888 today, according to a Fujian-based dealer with a domestic bank. The central bank set a central parity rate of 7.9928 to the dollar before the start of trading, compared with Friday's 7.9725. The People's Bank of China allows a ...

BEIJING (XFN-ASIA) - China's National Foreign Exchange Center said the central bank has set the yuan central parity at 7.9928 to the dollar. The rate, published on the official Chinamoney website, compares with a midpoint of 7.9725 set the previous trading day. The People's Bank of China started setting a daily central parity rate on Jan 4. On July 21, 2005, China freed the yuan from an 11-year ...