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WORLD FOREX: Asian Currencies Fall As Investors Flee Risk

May 20, 2012
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— Dollar steady against the yen following sharp overnight fall on weak U.S. data — Major Asian currencies down as investors flee from riskier assets — Moody’s downgrades 16 Spanish banks TOKYO (Dow Jones)–The dollar remained steady, albeit at a lower level, against the yen during Asian trading Friday, but riskier Asian currencies fell...

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India growth obstacles internally created: India Forex

May 19, 2012
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Abhishek Goenka, founder CEO of India Forex Advisors, shares his views on the current state of the Indian economy and possible solutions. After the 1991 economic crisis, India emerged as one of the fastest growing economies in the world. It recorded the highest growth...

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Russia will not cut share of euro in forex reserves

May 19, 2012
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Sat May 19, 2012 12:46pm EDT May 19 (Reuters) – Russian Prime Minister Dmitry Medvedev told leaders of the Group of Eight countries on Saturday that Russia would maintain the proportion of its foreign reserves held in euros. “Russian prime minister noted that we...

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Forex reserves drop by $1.37 billion

May 19, 2012
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Article source: http://timesofindia.indiatimes.com/business/india-business/Forex-reserves-drop-by-1-37-billion/articleshow/13303992.cms

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Forex-Metal Offers Free MAM Software for Fund Managers

May 19, 2012
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Panama City, Panama, May 19, 2012 –(PR.com)– Forex-Metal, a leading online Forex and CFD broker, has introduced a new version of its MAM (Multi Account Manager) software that is ideal for asset managers trading on multiple MT4 accounts at the same time. Forex-Metal Trade...

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India’s forex reserves drop by $1.37 billion

May 19, 2012
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India’s forex reserves drop by $1.37 billion

Mumbai, May 19 — India’s foreign exchange reserves declined by $1.37 billion to $291.80 billion for the week ended May 11, largely due to drop in the value of core currency reserves, official data showed. The forex reserves has dropped sharply for the second...

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US Dollar Makes a Break to 16-Month Highs as Fear Creeps In

May 19, 2012
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US Dollar Makes a Break to 16-Month Highs as Fear Creeps In

US Dollar Makes a Break to 16-Month Highs as Fear Creeps In Fundamental Forecast for the US Dollar: Bullish CPI and retail sales do little to alter the outlook for rates and growth The 10-year Treasury Yield pushes towards a fresh record low, shrinking...

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