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Rouble strengthens as Finance Ministry starts selling Foreign Exchange - forex trading news by ForexSQ

The Russian rouble forex currency strengthened sharply on Wednesday in volatile trade after the Finance Ministry said it had started selling foreign currency from its leftover stock.

The Russian currency has come under heavy selling pressure this week, forcing the central bank to hike its key interest rate by an unexpected 650 basis points, in an emergency move that did little to buttress the currency...at

http://forexsq.com/currencies/rouble...currency-news/

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Franc falls as Swiss National Bank introduces negative interest rates - Forex Trading Online News by ForexSQ.com

The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year.

European shares opened sharply higher after an upbeat assessment of the U.S. economy and a promise to be patient in raising rates by the Federal Reserve had seen U.S. stocks enjoy their strongest session of the year so ...Read More:

http://forexsq.com/central-banks/fra...nterest-rates/

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Yen Weakens Third Day as BOJ Maintains Easing - Forex Trading News by ForexSQ


The yen forex currency fell for a third day against the dollar as Japan’s two- and five-year yields dropped to records after the Bank of Japan maintained unprecedented stimulus.

Japan’s currency slid at least 0.3 percent versus all 16 major counterparts as a rally in Asian stocks sapped demand for safety. The Australian and New Zealand dollars strengthened after China revised up the size of its economy, the two nations’ largest trading partner


http://www.forexsq.com/currencies/ye...-trading-news/

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Forex Trader goes missing after $200m of clients’ cash disappears - Forex news by ForexSQ.com

A forex currency trader has vanished along with £130 million in investors’ cash in an alleged fraud that could be one of the biggest in recent British history.
Joe Lewis, 59, is being investigated by police over almost $200 million which he claimed was in clients’ accounts but now no longer exists. It is rumoured that professional footballers and golfers have lost money in.... Read More :

http://www.forexsq.com/currencies/fo...sh-disappears/

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Dollar Gains Fifth Day Versus Yen Before GDP as Aussie Weakens - forex trading news by ForexSQ.com

The dollar rose for a fifth day against the yen forex currency before U.S. reports that analysts said will show economic growth was revised higher and durable goods orders increased.

A gauge of the greenback touched a five-year high after Standard & Poor’s raised its forecast for U.S. gross domestic product in 2015, saying lower oil prices may boost consumer spending. Australia’s dollar weakened to a four-year low as a six-month slide in ...Read more:

http://forexsq.com/currencies/dollar...ussie-weakens/

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Dollar 0.1% From Two-Year High Before Jobless Claims; Yen Gains - forex trading news By ForexSQ.com


The dollar was 0.1 percent from the strongest in two years versus the euro forex currency before U.S. data forecast to show jobless claims were near the lowest since October, giving the Federal Reserve more reason to raise interest rates.

The greenback has advanced at least 4 percent against all its 16 major counterparts this year and extended gains yesterday after a report showed the world’s biggest economy grew at the fastest pace in more than a decade. The yen ...

http://www.forexsq.com/currencies/do...ims-yen-gains/

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Yuan is heading for a 2.8 percent loss this year - Forex trading news by ForexSQ.com



UBS Group AG is flagging risks from China’s $1 trillion worth of unhedged foreign debt as forecasters see bets against the greenback unwinding in 2015.

The world’s second-largest economy is exposed to shifts in currency and interest rates as never before because of expanding international trade and easing foreign-exchange regulations, said Stephen Andrews, head of Asia banks research in Hong Kong at UBS. Daiwa Capital Markets has a $1 trillion estimate for carry-trade inflows since 2008, bets on the difference between yields in China and overseas. It sees a 5.7 percent drop in the yuan next ... Read More:


http://forexsq.com/currencies/chinas...oss-this-year/

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Euro Near 2 Year Low as European Stocks Little Changed - forex trading news by ForexSQ.com

The euro forex currency traded near a two-year low and European stocks were little changed before a vote in Greece’s parliament that may lead to early elections. Asian shares rose along with crude oil, while the Russian ruble weakened.

The euro fx currency traded at $1.2183 as of 8:15 a.m. in London and the Stoxx Europe 600 Index rose less than 0.1 percent. The MSCI Asia Pacific Index rose 0.5 percent, led by gains in Chinese shares. Futures on the Standard & Poor’s 500 Index were little changed after the gauge ended last week at ...

http://www.forexsq.com/currencies/eu...ittle-changed/

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Euro Drops to 2010 Low, Draghi Says ECB Prepares Action as Deflation Risk Non-Negligible - Forex Tradding News By ForexSQ.com

European Central Bank President Mario Draghi said he can’t exclude the risk of deflation in the euro area, hinting that the likelihood of large-scale quantitative easing is increasing.

“The risk that we don’t fulfill our mandate of price stability is higher than it was six months ago,” Draghi said in an interview with German newspaper Handelsblatt. “We are in technical preparations to alter the size, speed and composition of our measures at the beginning of 2015, should this become necessary, to react to a too-long period of low inflation. There’s unanimity in the ECB council on



http://forexsq.com/central-banks/dra...on-negligible/

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Asian shares slump as oil gloom deepens, euro falters - Forex trading news by ForexSQ.com


Asian shares slumped on Tuesday as sliding oil prices and political uncertainty in Greece forced investors out of riskier assets and into the safety of government bonds, while the euro wallowed near nine-year lows.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 1.4 percent, giving up half of the gains made since it hit a 10-month low on ...


http://forexsq.com/stocks/asian-shar...-euro-falters/