Foreign Currency Trading Explained

3. Because of the absence of a central exchange, foreign currency trading happens between two parties directly. Buyers and sellers communicate and trade via the phone, the Internet or other communications networks worldwide. For complete information see Forex Education

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Apec ministers endorse mkt-oriented currencies
Singapore: Asia-Pacific finance ministers endorsed ‘market-oriented’ exchange rates on Thursday and said they would stick with economic stimulus plans until a sustained economic recovery was under way.
Source: www.financialexpress.com

Dollar edges up after months of declines that had developing nations worried about exports
FILE - In this Oct. 16, 2009 file photo, a bank clerk counts U.S. dollar notes near bundles of… FILE - In this Oct.
Source: abcnews.go.com

State Bank moves to cool gold market
The ban on gold imports has been lifted after a 16-month restriction aimed at cooling down the currently overheated market in the precious metal, State Bank of Viet Nam Governor Nguyen Van Giau told reporters in Ha Noi yesterday.
Source: vietnamnews.vnagency.com.vn

Foreign Currency Trading Explained

2. When compared to other exchanges, the foreign currency trading market is the largest in the world, even beating the New York Stock Exchange (NYSE) by over a hundredfold, in terms of daily trading volume, most of which are conducted by private entities and individuals. For complete information see Forex Education
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Dollar firms near 15-month low
The dollar recovered some ground against rival currencies Wednesday after falling to a 15-month low on strong economic data from China and signs that U.S. interest rates will remain low.
Source: money.cnn.com

Rakon posts first-half loss on forex impact
Rakon Ltd’s first-half was “an extremely tough period” as expected, with the New Zealand-based manufacturer of crystal oscillators used in navigation systems and mobile phones reporting a slightly better trading performance than the company estimated two months ago.
Source: business.scoop.co.nz

Currencies: Dollar bounces off new 15-month low
The dollar rebounded versus the euro on Wednesday, pulling the index away from a new 15-month low, as U.S. equity markets pared some of the strong gains, leading traders to reconsider bets on riskier assets.
Source: www.marketwatch.com