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Archive for  February 2005

  • The Australian dollar fell back Friday after Reserve Bank of Australia Governor Ian Macfarlane warned economic growth had slowed, dampening market expectations for a rate increase within weeks. The Aussie was $0.7844/49, pulling back around

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  • The yuan ended a notch firmer at 8.2764 per US dollar on Friday, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 2,920 points,

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  • The rupee eased on Friday to a near-six-week low as traders grappled with dollar demand from oil importers amid sustained intervention from the central bank, which is keen to keep exports cheaper. The local unit

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  • Indian wholesale prices rose 5.01 percent in the 12 months to February 5, slowing from the previous week's 5.25 percent due to lower agriculture produce prices and last year's high base, the government said on

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Euro near latest highs as dollar and yen flounder

    The euro stood near a two-week high against the dollar and a 1 1/2-month peak versus the yen on Friday after upbeat economic data offered little help to the US currency while Japan's stagnant economy

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Dollar drops without impetus from Greenspan

    The dollar slid on Thursday, surrendering early gains inspired by strong US economic data after comments from Federal Reserve Chairman Alan Greenspan provided no new impetus to buy the currency. Greenspan, in a second day

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  • The Canadian dollar closed at its highest point in more than three weeks on Thursday, as US dollar traders looked past strong data and found nothing inspiring in comments from US Federal Reserve Chairman Alan

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Asian currencies: peso leads gains on stock market inflows

    The Philippine peso gained on Friday for a second day, leading Asian currencies higher despite a weakening yen as foreign investors kept buying regional stocks on optimism about economic growth and corporate profits. The peso

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  • The Swiss franc was stable against the dollar and the euro in early European trade on Friday, awaiting new economic data to give direction to trade in the wake of US Federal reserve Chairman Alan

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Injured Shoaib Akhtar pulls out of Indian tour

    Fast bowler Shoaib Akhtar pulled out of Pakistan's upcoming tour of India on Friday saying it would take him at least a month to recover from a hamstring injury. "I am disappointed to say that

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