Posted by R. MAK. on September 24, 2009 ·
On Thursday the dollar has gained against the euro after central banks said they will scale back some emergency programs by which trillions of dollars have been injected into banks as financial markets stabilize.Sterling also reached near a six-month low against the euro after Bank of England Governor Mervyn King has told a regional British newspaper that…
Posted by R. MAK. on August 7, 2009 ·
Foreign exchange reserves (also referred to as Forex reserves) in a strict sense are only the foreign currency deposits and bonds that are held by central banks and monetary authorities. However, commonly foreign exchange and gold, SDRs and IMF reserve positions are…
Posted by R. MAK. on August 7, 2009 ·
The interbank market is the top-level foreign exchange market where different currencies are exchanged by the banks. The banks can either deal through electronic brokering platforms or they can also deal with one another directly. The two competitors in the electronic brokering platform business are The Electronic Brokering Services (EBS) and Reuters Dealing 3000 Matching and they together connect…
Posted by R. MAK. on August 4, 2009 ·
A currency by which floating exchange rate are used as its exchange rate regime are called as Floating currency. A fixed currency is a contrasted with a floating currency.The majority of the world’s currencies in the modern world are floating currencies. There is often a participation of Central banks in the markets making attempts to…
Posted by R. MAK. on July 31, 2009 ·
For any given currency Supply and demand, and thus its value, are not influenced by any single element but rather than that they are influenced by several factors. These elements are generally divided into three categories these are…
Posted by R. MAK. on July 31, 2009 ·
Unlike a stock market, where it is required that all participants have access to the same prices, the foreign exchange market has been divided into levels of access. The inter-bank market is at the top, which is constituted of the largest investment banking firms…
Posted by R. MAK. on July 31, 2009 ·
At present, one of the largest and most liquid financial markets in the world is the foreign exchange market. Large banks, central banks, currency speculators, corporations, governments, and other financial institutions are all included among its traders. There is a continuous growth in the …
