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October 2006 - Posts

• UAE considers cut in dollar reserves

  The United Arab Emirates, the second-largest Arab economy, signalled that it might cut its holdings of dollars by almost half, highlighting a recent trend of reserve diversification away from the US currency. Posted Oct 30 2006, 04:07 PM by FT.com - Currency Markets News and Data

• Dollar steadies ahead of inflation data

  The dollar held steady following sharp losses in the previous session after data on US growth came in weaker than expected. Posted Oct 30 2006, 05:35 AM by FT.com - Currency Markets News and Data

• Concerns over sudden yen appreciation

  Despite the yen hitting its lowest level in almost two decades there are fears that an unwinding of the $68bn 'carry trade' could lead to a dramatic revaluation. Posted Oct 29 2006, 12:47 PM by FT.com - Currency Markets News and Data

• Deflation danger still lurks in Japan economy

  Yen weakens against euro and dollar, with markets putting blame on carry trade and expectations of further BoJ rate rises recede Posted Oct 27 2006, 05:25 PM by FT.com - Currency Markets News and Data

• Yen hits all-time low against euro

  The yen slumped to a fresh all-time low against the euro and lost ground against the dollar after Japanese inflation data came in weaker than expected. Posted Oct 27 2006, 06:48 AM by FT.com - Currency Markets News and Data

• Sweden raises rates and growth forecasts

  Sweden's central bank increased interest rates by 25 basis points to 2.75 per cent and revised its growth forecasts upwards. Posted Oct 26 2006, 09:40 AM by FT.com - Currency Markets News and Data

• Dollar extends fall after Fed rate call

  The dollar continued to lose ground following Wednesday's decision by the Federal Reserve to leave US interest rates unchanged. Posted Oct 26 2006, 06:15 AM by FT.com - Currency Markets News and Data

• German survey boosts the euro

  The euro received a boost from a stronger-than-expected survey of German business confidence. Posted Oct 25 2006, 12:20 PM by FT.com - Currency Markets News and Data

• German business confidence rises

  German business confidence has rebounded unexpectedly with optimism about current conditions leaping to a fresh 15-year high. Posted Oct 25 2006, 05:13 AM by FT.com - Currency Markets News and Data

• CBI reports drop in UK manufacturing

  UK manufacturing activity slowed in recent months, reflecting less robust demand from abroad and falling domestic orders. Posted Oct 24 2006, 07:20 AM by FT.com - Currency Markets News and Data

• French consumer spending drops sharply

  French consumer spending on manufactured goods fell at its sharpest rate in almost 10 years in September, denting optimism over the recent upswing in economic growth. Posted Oct 24 2006, 07:04 AM by FT.com - Currency Markets News and Data

• Sterling in accord with the euro

  Nothing much happened to the sterling/euro exchange rate last week. Not much happened last month. In fact, nothing much has happened all year. Posted Oct 22 2006, 02:50 PM by FT.com - Currency Markets News and Data

• Dollar Advances Versus Yen as Traders Focus on Federal Reserve Meeting

  Oct. 20 (Bloomberg) -- The dollar rose against the yen as traders looked to next week's Federal Reserve meeting when the central bank is expected to maintain its focus on fighting inflation. Posted Oct 20 2006, 06:17 AM by Bloomberg.com Markets - Currencies News

• S.African Rand Posts Weekly Decline After Importers Buy Cheaper Dollars

  Oct. 20 (Bloomberg) -- South Africa's rand posted a weekly drop as importers took advantage of the currency's gain to a three-week high earlier in the week to buy dollars more cheaply. Posted Oct 20 2006, 05:45 AM by Bloomberg.com Markets - Currencies News

• Brazil's Real Heads for Weekly Loss on Central Bank's Dollar Purchases

  Oct. 20 (Bloomberg) -- Brazil's real is headed for a weekly loss as the central bank steps up dollar purchases to increase foreign reserves and slow the pace of the currency's rally. Posted Oct 20 2006, 03:58 AM by Bloomberg.com Markets - Currencies News