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Archive for  December 2012

  • The yen hit a seven-month low against the euro and fell against the dollar on Friday, extending losses amid speculation that Japanese monetary policy could be aggressively eased when a new government is formed. The

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    • News Desk
    • Dec 1st, 2012
    • Comments Off on Midday trade in New York: euro climbs on Greek bailout deal approval

    The euro hit a seven-month high against the yen and a five-week peak versus the dollar on Friday, bolstered by the approval of the latest Greek bailout deal by German lawmakers and month-end buying from

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    • News Desk
    • Dec 1st, 2012
    • Comments Off on Euro off one-month highs in New York

    The euro came off a one-month high against the dollar on Thursday after top Republican lawmaker John Boehner dented hopes for a budget deal that could prevent the US economy from slipping back into a

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    • News Desk
    • Dec 1st, 2012
    • Comments Off on Australian and New Zealand dollar struggle

    The Australian and New Zealand dollars struggled against the greenback on Friday as markets increased sharply the chance of an interest rate cut next week in Australia following a weakening in mining investment intentions. But

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  • The yuan closed below its top-end limit for the first time this week on Friday, as the central bank appeared to intervene to boost liquidity after a week of anaemic volumes. The yuan closed at

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  • The South Korean won, which outperformed many regional peers this month, edged higher on Friday and was seen likely to stay firm in the near term due to the potential for more inflows from overseas

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  • The Swiss franc pushed higher against the dollar on Friday, consolidating small gains eked out in the previous two sessions as the focus on Europe's debt crisis shifted to the United States' so-called "fiscal cliff".

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  • The Indian rupee rose on Friday for a third straight session, helped by capital inflows on optimism that the government will be able to win a vote in parliament and push through key reforms. India's

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    • News Desk
    • Dec 1st, 2012
    • Comments Off on Experience meets youth at 34th Champions Trophy

    Experience meets youth from Saturday onwards at the 34th Champions Trophy which also marks the start of preparations for the next world championships and Olympics for the major field hockey powers. Led by World Player

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    • News Desk
    • Dec 1st, 2012
    • Comments Off on Bangladesh thump West Indies in first ODI

    Tamim Iqbal and Naeem Islam scored half-centuries while Sohag Gazi took four wickets as Bangladesh beat the West Indies by seven wickets in the first one-day match in Khulna on Friday. Iqbal smashed a 51-ball

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