The News Review:
- FREX-Euro hits 5-wk high above $1.30 as stocks rally
- FREX-Dollar broadly up; awaits Fed BJ policy meetings
- Loans investment and forex yield behind $469-m BP surplus
- FREX: Ringgit Closes Higher Against The US Dollar
FREX-Euro hits 5-wk high above $1.30 as stocks rally
Reuters
dollar falls as stock markets extend rally * Euro vaults to 5-week high above $1. 30 * G20 meeting seen as mild positive for risk sentiment * Focus on Fed BJ policy meetings this week (Updates prices adds comment) By Steven C. Johnson NEW YRK March 16 (Reuters) – The euro hit a five-weekhigh against the U. dollar on Monday as U. and Europeanstocks rallied for a fifth straight session reflecting arenewed taste for risk among global investors.
FREX-Dollar broadly up; awaits Fed BJ policy meetings
Reuters
Britain’s central bank has already said it would buy gilts andthe Swiss National Bank intervened last week to weaken the Swissfranc to stave off deflation. Dealers said the dollar’s gains on Monday were driven largelyby technical trading after it bounced from the day’s lows. “The G20 meeting has had little impact on the forex market”said Hideki Hayashi chief economist at Shinko Securities. “But it should help the dollar against the yen in thelonger-term as the G20 members’ pledge to take fiscal steps isexpected to support shares and boost investor risk appetite. The G20 finance ministers promised money to help emergingmarket economies and said they would use their full fiscal andmonetary power to combat the global downturn. [ID:nLE661847] The euro fell 0.
Loans investment and forex yield behind $469-m BP surplus
Business Mirror
4pt; mso-para-margin:0in; mso-para-margin-bottom:. 0001pt; mso-pagination:widow-orphan; font-size:10. 0pt; font-family:”Times New Roman”; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} THE balance of payments (BP) a record of the country?s transactions with the rest of the world posted another surplus of $469 million in February boosting the two-month surplus to $2. 204 billion Bangko Sentral ng Pilpinas (BSP) Governor Amando Tetangco Jr. This was made possible by ?national-government loan proceeds from the World Bank and the Asian Development Bank and from investment income and foreign-exchange operations of the BSP? Tetangco said in a text message. He has high hopes the BP essentially what is left of the country?s foreign-exchange earnings after its foreign-exchange expenses arising from trade investment and transfers is deducted will still end as a surplus totaling at least $700 million this year.
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FREX: Ringgit Closes Higher Against The US Dollar
Bernama
The ringgit was traded against the US dollar at 3. Maybank Investment Bank in its research note said there could be potential for the greenback to gain towards the upside targets of between 3.