Foreign Currency Exchange Rate

Jan. 7 (Bloomberg) -- Foreign-exchange funds posted gains in November as volatility in the currency market increased, according to Parker Global Strategies LLC.

Harare — Grocery purchases, public hospital bills, property sales, rent, legal fees, vegetables and even mobile phone recharge cards in Zimbabwe are now paid for in foreign currency as the worthless Zimbabwe dollar virtually ceases to be legal tender.

COPENHAGEN, Jan 5 (Reuters) - Denmark's foreign exchange reserves rose by 39.9 billion Danish crowns ($7.46 billion) to 212.7 billion in December, the central bank said on Monday -- a bigger than expected rise that boosted the chances of interest rate cuts. Analysts polled by Reuters had forecast that the foreign currency reserves would rise to 191.8 billion crowns, excluding central government ...

VICTORIA, Jan 8 (Reuters) - Prices in the Seychelles leapt 60.6 percent in November from a year earlier after the floating of the Indian Ocean islands' currency and an IMF rescue package, the National Statisics Bureau said on Thursday. The International Monetary Fund agreed a two-year $26 million rescue package and the archipelago lifted long-standing currency exchange controls in November that ...

Jan. 7 (Bloomberg) -- The U.K. pound rose, breaching 90 pence per euro for the first time in three weeks, on bets the European Central Bank will step up the pace of interest-rate cuts as the region using the single currency slides deeper into a recession.

Jan. 7 (Bloomberg) -- The British pound traded near a three- week high against the euro on bets the European Central Bank will step up the pace of interest-rate cuts as the region using the single currency slides deeper into a recession.

Jan. 8 (Bloomberg) -- Colombia’s peso bonds rose on speculation the central bank will cut further its benchmark interest rate as the cooling economy eases inflation pressure.

Jan. 9 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today. Exchange rates are from the previous session.

VietNamNet Bridge – Though the liquidity of commercial banks has improved since the State Bank of Vietnam raised the interbank exchange rate by 3% on December 25, 2008, banks are still complaining that the demand for US dollars is greater than the supply.

Medical device maker AngioDynamics Inc. said Tuesday its fiscal second-quarter profit fell 6.2 percent on higher costs, along with a charge for an interest rate swap, and a lower foreign exchange benefit.