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Euro Weakness Looking To Hold
by admin
21 May 2012 at 12:33pm
On the Forex markets this morning the Euro around was struggling to regain a foothold beyond the $1.27 area against the Dollar. Staying virtually unchanged from its level on Friday, the dollar at 1.2692 euro (+ 0,08%). A low of 1.2642 dollars was hit this morning, against a peak at 1.2708. No significant movements to report against the ye Read more ...
Euro Down Slightly After Weekend On Spain Worry
by admin
1 May 2012 at 4:41am
Yesterday the euro was down slightly compared to the U.S. dollar, 1.321 to 1.325 dollars compared to last Friday, particularly affected by the disturbing news growing on Spain. The Spanish economy has again contracted by 0.3% in real terms in the first quarter 2012 compared to the last of 2011, according to the National Statistics Institu Read more ...
Euro Stability Still A Concern On Forex Markets
by admin
24 Apr 2012 at 8:13am
Parity between the euro / dollar is now almost perfectly balanced on the currency market: at around 13:00 hours, the euro was trading at 1.3156 (- 0.01%). Slightly increased towards the yen to 106.9. Nothing to report in the forex market on the state of the euro / Swiss franc, which is stable at 1.2021. ‘We expect fu Read more ...
Euro Mixed Against All Other Majors
by admin
18 Apr 2012 at 7:53am
The single currency was losing again today, dropping below $1.31 (EUR/USD) on Wednesday afternoon, amid persistent doubts about the sovereign status of Europe. At this time, the euro yield is 0.42% against the greenback at 1.3073 dollars per euro. The IMF reviewed yesterday, downgrading its growth forecast for Spain in 2012, which shows a Read more ...
Fed Keeps Rates Low ? Euro Seems Without Trend
by admin
14 Mar 2012 at 6:40am
The single European currency remained without a major trend against the U.S. dollar in the wake of a highly anticipated meeting of the Monetary Policy Committee of the Fed, whose tone lately has been quite positive for the Dollar. The Euro dropped yesterday afternoon from 0.04% to 0 Read more ...
Bernanke comments causes sell off
by Tom
1 Mar 2012 at 4:55am
Market sentiment received a bit of a boost yesterday when the results of the ECB?s long-awaited second long-term liquidity operation (LTRO) showed strong demand for the cash from European banks. The ECB lent 800 banks ?529.5 billion, somewhat above the ?450 billion that the market had been anticipating and the ?489 billion lent to 523 fi Read more ...
Euro firm however downside risks remain
by Tom
28 Feb 2012 at 8:36am
Today the euro remains firm versus the dollar and sterling, trading in relatively tight ranges despite the announcement from ratings agency Standard & Poor?s that it is cutting Greece?s long term credit trading to selective default. Such a move was already expected and indeed factored in, though yesterday?s comments from EU Commission Read more ...
Euro upside following Greek deal
by Tom
22 Feb 2012 at 9:34am
Having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal faded to be replaced by underlying concerns over growth and implementation risks, the euro has traded in a relatively tight range versus the dollar over the past 24 hours. Parliaments in three countries (Germany, the Netherlands and Finland) must now a Read more ...
Euro upside following Greek Deal
by Tom
21 Feb 2012 at 9:20am
The euro gained some ground in early morning trade briefly breaking through key resistance after eurozone finance ministers finally sealed the details of a second ?130 billion bailout package for Greece. There was also agreement on the details of Greek?s deal with private sector investors, who are now expected to take a haircut in excess of Read more ...
Euro sold as Greek Deal lingers
by Tom
16 Feb 2012 at 4:35am
The euro started yesterday with a firmer tone on the news that China would continue investing in euro debt and pledges from the Greek opposition Conservative Party to commit to tough austerity measures. This was before the latest twist in the on-going Greek debt saga saw renewed pressure on the single currency, which has fallen back to trade at Read more ...

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German business confidence drops on eurozone fears
24 May 2012 at 4:16am

German business confidence dropped sharply in May, a closely-watched survey showed Thursday, as anxiety grows in Europe's largest economy over the increasing financial turmoil in the 17-country eurozone.The ...


On the Fly: Periodicals Wrap-Up
24 May 2012 at 4:10am

WALL STREET JOURNAL: European officials are readying contingency plans if Greece leaves the euro zone, as European leaders struggled to overcome differences on how to resolve the currency bloc's crisis, ...



Euro weak near two-year lows on dire German data
24 May 2012 at 4:57am

The euro hit a near two-year low against the dollar on Thursday after dire German economic data suggested no country in the region was immune from crisis, alarming investors already fretting over the risk ...



EU urges Greece to stay in euro, plans for possible exit
24 May 2012 at 2:07am

European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms ...


Euro, Risky Assets Look to Eurozone PMI and German IFO for Direction
24 May 2012 at 1:05am

Euro, Risky Assets Look to Eurozone PMI and German IFO for Direction



Pressure on EU leaders to solve Greek crisis
23 May 2012 at 6:01pm

The head of the eurogroup says that the 17 nations using the euro as their currency "have to consider all kinds of events" but insists that "the working assumption" of European leaders ...


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Islamic Republic enforce new limits in selling foreign currency to travelers

26 Apr 2012 at 1:33pm


Buying and selling foreign currency in the same invoice: CurrencyXchanger Exc

22 Aug 2011 at 6:24pm



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Maths question?
Holidays abroad cost 1 1/5% commision when selling foreign currency. How much, in pounds sterling, will Kerry have to pay for 800 french francs if the exchange rate is £1=7.83Ff,that is £1 buys 7.83Ff.

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What are the benefits of a travel agency selling foreign currency / exchange?
Identify 2 benefits of travel agents selling foreign exchange Thanks benefit TO the travel agent not the customer

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Sell Foreign Currency News


Zloty Snaps Two-Day Slump as Poland to Sell Foreign Currencies - Bloomberg

24 May 2012 at 3:57am 

Zloty Snaps Two-Day Slump as Poland to Sell Foreign Currencies
Bloomberg
Poland expects to sell the equivalent of 11 billion euros ($13.8 billion) of foreign currencies, about the same amount it exchanged in 2011, Deputy Finance Minister Dominik Radziwill said yesterday in Sopot, northern Poland. Recent zloty losses are a ...

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China banks report monthly net forex selling in April - Reuters

24 May 2012 at 3:04am 

China banks report monthly net forex selling in April
Reuters
BEIJING, May 24 (Reuters) - Chinese banks sold more foreign currency than they bought for clients in April, leading to a net sale of $3.7 billion in foreign exchange in over-the-counter transactions, figures from the State Administration of Foreign ...

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Rupee retreats from record low; foreign banks sell - Economic Times

24 May 2012 at 2:06am 

IBNLive.com

Rupee retreats from record low; foreign banks sell
Economic Times
While the Reserve Bank of India has taken administrative measures and sold dollars in recent weeks to defend the currency, it has refrained from taking bolder steps and appears resigned that more aggressive intervention in the market could prove futile ...
Rupee skids to 56 versus dollar; more falls seenIBNLive.com
Rupee Trapped In A Vicious SpinWall Street Journal
'RBI measures not timely; Govt inaction might cause Fx market crisis'Bloomberg UTV
gulfnews.com -FT Alphaville (blog)
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