Foreign Exchange News

LONDON (Thomson Financial) - The pound fell as a key survey showed UK house prices slumped in November, providing further evidence that the housing market is slowing and adding to the chances that the Bank of England will cut interest rates tomorrow. Halifax's latest survey showed house prices fell by a massive 1.1 pct in November from October, the biggest fall in a nearly a year and marking the  ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at 7.3982 to the dollar, according to the China Foreign Exchange Trading System. The rate, published on the official Chinamoney website (www.chinamoney.com.cn), compares with the midpoint of 7.4094 set the previous trading day. The People's Bank of China (PBoC) started setting a daily central parity rate on Jan 4, 2006.  ...