Foreign Exchange News

BEIJING (XFN-ASIA) - China's National Foreign Exchange Center said the central bank has set the yuan central parity at 7.9698 to the dollar. The rate, published on the official Chinamoney website, compares with a midpoint of 7.9736 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 ...

SYDNEY (XFN-ASIA) - The US dollar was trading lower against the and euro here, but the currency pairs are likely to trade within large ranges with few data releases expected until Wednesday, dealers said. At 11:20 am Sydney time, (0120 GMT), the US dollar was at 115.72 yen, down from 115.80 yen in late New York trade while the euro was at 1.2865 usd, up from 1.2825 usd. Commonwealth Bank economi ...

NEW YORK (Dow Jones) -- It's already a $2 trillion-per-day market, and now the growing popularity of online trading technology is set to drive currency trading volume to new highs. Electronic currency trading is fueling the exponential growth of the global foreign-exchange market. And most noticeably, individual investors, who were traditionally shut out of trading currencies directly, are enth ...

(Repeating for technical reasons) NEW YORK (AFX) - The dollar ended more or less unchanged against the euro and the yen Friday despite a surprisingly soft reading on consumer sentiment, but trading ranges were narrow and trading enthusiasm was sorely lacking. Euro-dollar was trading around 1.2820 usd late in the session Friday, at the upper-end of a narrow 1.2781-45 U.S. hours range and not far  ...