Latest News for: Foreign exchange trades

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RMB exchange rate has solid foundation to stay stable: meeting

ECNS 29 Sep 2022
Calling for efforts to restrain drastic fluctuations in exchange rates, the conference said that since the beginning of this year, the RMB exchange rate index published by the China Foreign Exchange Trade System has maintained basically flat compared with the levels at the end of 2021.
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RMB exchange rate has solid foundation to stay stable

China.dot.org 29 Sep 2022
Calling for efforts to restrain drastic fluctuations in exchange rates, the conference said that since the beginning of this year, the RMB exchange rate index published by the China Foreign Exchange Trade System has maintained basically flat compared with the levels at the end of 2021.
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Chinese yuan strengthens to 7.1102 against USD Thursday

Xinhua 29 Sep 2022
dollar Thursday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is ...
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Market exchange rates in China -- Sept. 29

Xinhua 29 Sep 2022
29 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System. ... in international foreign exchange markets on the same business day.
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China's benchmark interbank gold prices mixed Thursday

China.dot.org 29 Sep 2022
29 (Xinhua) -- China's benchmark prices for spot interbank gold transactions were mixed Thursday, according to the China Foreign Exchange Trade System.
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Turkish Banks Cut Russia Banking Ties Under US Pressure

Beijing News 29 Sep 2022
Turkish Russian trade has boomed since the start of the Ukrainian conflict. Timothy Ash, a senior strategist with Bluebay Asset Management, said with presidential elections next year and a crisis-ridden economy, Erdogan sees Russian trade as key to his political survival ... And obviously, foreign exchange reserves are the way to do it.'.
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Indian companies are still buying Russian oil using dollars

The Times of India 29 Sep 2022
The three sources said the dirham payments did not go through because Mashreq declined to facilitate the trade ... To make trade in the local currency more attractive, India has also allowed foreign banks to invest excess funds in government securities as the special rupee accounts offer no interest on deposits.
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CBN: N3.7trn Out of N9trn Intervention Funds Recovered, N5trn Not Due

This Day 29 Sep 2022
Ozoemena Nnaji, said the central bank was ramping up its policy on increasing foreign exchange supply by looking at other avenues of attracting investment from the diaspora into the Nigerian economy.
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What Is the Foreign Exchange Market? Definition & Instruments of Trading

The Citizens 28 Sep 2022
In the foreign exchange market, commonly referred to as “forex,” one currency can be traded for another currency ... What Are the Major Centers of Foreign Exchange Trading? ... What Instruments Are Traded on a Foreign Exchange Market?. Foreign exchange swaps, or FX swaps, are the most traded instrument on the foreign exchange market.
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What Is a Foreign Exchange Rate? Definition & Examples

The Citizens 28 Sep 2022
dollar is the most traded currency on the foreign exchange market ... What Is a Foreign Exchange Rate?. A foreign exchange rate is the rate at which a currency can be converted into another currency. Exchange rates always involve two currencies, and currencies are always traded in pairs on the foreign exchange market ... Types of Foreign Exchange Rates.
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Taiwan central bank says it will not adopt foreign exchange control measures

Hong Kong Standard 28 Sep 2022
Taiwan's central bank said on Wednesday it will not adopt foreign exchange control measures and that foreign exchange management measures are enough to maintain financial market stability ... In its statement, the bank noted Taiwan's large foreign exchange reserves, sound balance of payments, trade surplus and very low foreign debt levels.
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Taiwan spent $8.25 billion to hold back currency depreciation in H1

FX Empire 28 Sep 2022
In a report to lawmakers ahead of its governor taking questions in parliament on Thursday, the central bank said Taiwan is a small and open economy with a high degree of trade dependence, and a “thin” foreign exchange market.
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Taiwan spent $8.25 bln to hold back currency depreciation in H1

Reuters 28 Sep 2022
In a report to lawmakers ahead of its governor taking questions in parliament on Thursday, the central bank said Taiwan is a small and open economy with a high degree of trade dependence, and a "thin" foreign exchange market.

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