Archive for September, 2007

Another Dollar Low; Currency Volumes Soar (Zawya)

September 26th, 2007 at 01:31am Under Iraqi Dinar News


26 September 2007 NEW YORK — The dollar hit yet another record low against the euro Tuesday, making it the fourth consecutive trading session in which the single currency reached an all-time peak.

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Canada’s Dollar Declines After Dodge Cites Currency’s Advance (Bloomberg.com)

September 25th, 2007 at 05:38pm Under Iraqi Dinar News

Sept. 25 (Bloomberg) — Canada’s dollar fell from near a 31- year high after Bank of Canada Governor David Dodge said the currency rose “sharply above” the central bank’s assumed trading range.

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U.K. Currency Trading Surges as London Cements Lead (Update1) (Bloomberg.com)

September 25th, 2007 at 03:41pm Under Iraqi Dinar News

Sept. 25 (Bloomberg) — The U.K.’s foreign-exchange market has almost doubled in the past three years, further evidence that London has cemented its position as the predominant center for currency trading, a survey by the Bank of England showed.

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Australian Currency Rises Versus Buck (Nasdaq)

September 25th, 2007 at 02:45pm Under Iraqi Dinar News

(RTTNews) – The Australian currency was strong against the dollar on Tuesday afternoon. The currency advanced to a mark of 0.8718 as trading progressed.

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Australian Currency Rises Versus Euro (Nasdaq)

September 25th, 2007 at 02:44pm Under Iraqi Dinar News

(RTTNews) – Versus the euro, the Australian currency was strong on Tuesday. The aussie advanced to a mark of 1.6220 as trading progressed into the afternoon. The pair moved as data showed the German business climate index for September fell to 104.2. The indicator declined from 105.8 in August.

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Australian Currency Advances Versus Pound (Nasdaq)

September 25th, 2007 at 02:44pm Under Iraqi Dinar News

(RTTNews) – The Australian dollar rose against its British counterpart in trading on Tuesday. By the mid-afternoon, the currency had advanced to a mark of 2.3140 against the pound.

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New Zealand Currency Choppy Versus Dollar (Nasdaq)

September 25th, 2007 at 12:03pm Under Iraqi Dinar News

(RTTNews) – The New Zealand currency was choppy against its American counterpart in trading on Tuesday.

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New Zealand Currency Mixed Versus Euro (Nasdaq)

September 25th, 2007 at 12:02pm Under Iraqi Dinar News

(RTTNews) – The New Zealand currency saw mixed action against the euro in trading on Tuesday.

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BIS: Core Forex Daily Trading Volumes $3.2 Trillion, Up 71% Vs ’04 (Nasdaq)

September 25th, 2007 at 11:29am Under Iraqi Dinar News

LONDON -(Dow Jones)- Currency trading volumes have soared to $3.2 trillion a day over the past three years, data from the Bank for International Settlements, released Tuesday, showed.

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Currency Trading Soars to $3.2 Trillion a Day, BIS Survey Shows (Bloomberg.com)

September 25th, 2007 at 11:12am Under Iraqi Dinar News

Sept. 25 (Bloomberg) — Foreign-exchange trading rose 65 percent to a record $3.2 trillion on day on average, led by growth in hedge funds and foreign investors, the Bank for International Settlements said in its triennial survey.

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