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Confidence returns on Asian forex; biggest bets on ringgit since October 2010
In the preceding poll published on February 16, investors slashed bets on emerging Asian currencies due to doubts over the implementation of undesirable Greek austerity measures to luxuryForex structurers get it wrong
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WORLD FOREX: Dollar Rules As Investors Fret About Greece
The authorities in Indonesia and South Korea were suspected of intervening to brace their currencies, while traders were reportedly nervous of correspond to action in Thailand, Malaysia and India. The greenback traded at a four-month exuberant against the
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Forex reserves add $6b in April amid selling pressure on rupiah Indonesia's outlandish exchange (forex) reserves rose by US$6 billion in April alone as the control's global bond sales and export revenues make up for selling pressures on the rupiah. Forex reserves topped $116.4 billion at the end of April, |
Rupee hits new record low of 54.82 per dollar
Unless the RBI and the oversight take major steps to boost sentiment, there are more worries in front," said Abhishek Goenka, chief superintendent of India Forex, a consultancy. Traders expect the rupee to associate with further in coming days with risk aversion
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