Foreign Exchange News

BEIJING (XFN-ASIA) - China is likely to diversify its foreign exchange holdings of more than one trln usd away from US dollar denominated instruments in favor of gold, Numis Securities said. "China is estimated to hold about one pct of its reserves as gold and there is speculation that the Chinese central bank could raise gold to five to six pct of total reserves over the next 15 years. The  ...

SYDNEY (XFN-ASIA) - The US dollar was continuing to fall against the yen and euro in midafternoon trade in the wake of central bank talk from China and Japan last Friday which weakened sentiment towards the greenback, dealers said. At 2.14 pm (0314 GMT), the dollar was at 117.26 yen, down from 117.52 in morning trade here, while the euro was at 1.2869 usd, up from 1.2846 usd earlier. Dealers  ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at a record of 7.8644 to the dollar, according to the National Foreign Exchange Center. The rate, published on the official Chinamoney website, compares with the midpoint of 7.8667 set the previous trading day. The People's Bank of China (PBoC) started setting a daily central parity rate on Jan 4. On July 21, 2005, China ...

SYDNEY (XFN-ASIA) - The US dollar was weaker against the yen and euro here after having risen Friday from end-of-week position squaring, dealers said. They said there is a slight negative outlook for the US dollar from this week's heavy schedule of data releases in the US which may weigh on the currency ahead. At 10.22 am here (2322 GMT Sunday), the dollar was at 117.52 yen, down from 117.62 in  ...

Stephen Womack, Mail on Sunday12 November 2006 How much does it cost to spend £100 of your own money? As much as £5, if you use one of the new generation of prepay plastic cards. COSTLY: Cards like Mastercard's Cashplus card charge high fees OTHER STORIES Credit hurt by previous owner Fees rise for Co-op cards Your ID bagged up for criminals Capital One breaks card cheques rules Online card fraud soars HOW THISISMONEY CAN HELP... 1. Read our bor ...