The News Review:
- Forex Newbies – Let Forex Robots Trade For You
- FOREX: Ringgit May Weaken Next Week
- Euro bulls ought to be happy with sideways market – but watch …
- Iceland curbs forex outflow in bid to revive crown
- FOREX-Dollar falls for 3rd day vs euro; risk aversion eases
Forex Newbies – Let Forex Robots Trade For You
American Chronicle CA
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FOREX: Ringgit May Weaken Next Week
Bernama Malaysia
“The ringgit will slowly depreciate next week and may breach the 3. 63 level against the US dollar” one of the dealer said. Meanwhile Bank Negara’s announcement that Malaysia’s forecast growth for the year would remain at 5-5. 5 percent will lift the ringgit in the medium term a forex analyst said. On Friday Bank Negara governor Tan Sri Zeti Akhtar Aziz also said the ringgit had remained stable against most major currencies despite heightened de-leveraging activity. “In the medium term the ringgit can be supported by our strong fundamentals an increased account surplus and prospects for growth” Zeti said. Early in the week the central bank at its Monetary and Policy Committee meeting decided to reduce the overnight policy rate (OPR) to 3.
Euro bulls ought to be happy with sideways market – but watch …
Forex Factory
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Iceland curbs forex outflow in bid to revive crown
guardian.co.uk UK
“The bank will maintain tight control over the access ofbanks to central bank credit until exchange market stability hasbeen achieved” Sedlabanki said on its Web site. It said temporary currency restrictions which had beennecessary for Iceland to function at a basic level would belifted in stages. “A considerable proportion of crown-denominated securitiesare owned by foreign investors. Lifting restrictions by stageswill make it possible to unwind their crown-denominatedpositions in a systematic way as the external balance permitswithout undue impact on the exchange rate.
FOREX-Dollar falls for 3rd day vs euro; risk aversion eases
Reuters
dollar fell for athird day against the euro on Tuesday after a government reportshowed the U. economy contracted in the third quarter in linewith expectations easing fears of a steeper drop.