China's State Administration of Foreign Exchange said it has been diversifying its foreign exchange investments.
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BEIJING (Reuters) - China foreign exchange reserves will remain stable overall as cross-border capital flows and foreign exchange supply and demand become more balanced, the foreign exchange regulator said Wednesday.
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"Foreign exchange interventions act as a mechanism of stability in the foreign exchange market," he said.
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"Foreign exchange interventions act as a mechanism of stability in the foreign exchange market," he said.
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China's foreign exchange regulator, the State Administration of Foreign Exchange, did not respond to requests for comment.
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The SAFE said it will standardize management of trade-related foreign exchange business and said exporters should collect their foreign exchange payments in a timely way Under the new rules, domestic firms must use proceeds from their exports to repay foreign exchange loans, rather than buying foreign exchange from banks.
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BEIJING, Dec 7 (Reuters) - China's foreign exchange regulator said on Wednesday that a few reasons, including the central bank's activities in the foreign exchange market, are behind the fall in China's foreign exchange reserves in November.
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The State Administration of Foreign Exchange (SAFE) also said that enforcement standards in the foreign exchange market would be steady, consistent and predictable across cycles, while micro policies would be used to maintain foreign exchange market order.
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The State Administration of Foreign Exchange said it will guide market players to recognize foreign exchange risks and improve foreign exchange risk management, adding that it anticipates obvious weakening of one-way expectations of the yuan's exchange rate.
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Here's what is happening: Foreign exchange: The State Department is proposing new rules for foreign exchange students and their host families.
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Stripping out the impact of foreign exchange and foreign exchange hedging, net income totalled 676 lira, the company said in a statement.
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Foreign exchange rate fluctuations and asset price changes contributed to the decline in reserves, China's foreign exchange regulator said in a statement.
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China will pursue the diversification of its foreign exchange reserves in a steady, prudent way, the foreign exchange regulator said in late July.
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BEIJING (Reuters) - China will increase the transparency of its foreign exchange market data, the State Administration of Foreign Exchange (SAFE) said on Friday.
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But the China Foreign Exchange Trade System said the mainland's foreign exchange market was susceptible to "irrational expectations" that could exaggerate one-sided sentiment.
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The State Administration of Foreign Exchange (SAFE) said in a notice on its website that the People's Bank of China had to provide capital from its foreign exchange reserves to the market, in order to maintain a supply and demand balance in foreign exchange reserves.
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Pan Gongsheng, head of the State Administration of Foreign Exchange, said that maintaining a stable foreign exchange market required cooperation between regulators and market entities.
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China should improve its foreign exchange market by increasing the channels for trading in foreign exchange, reducing transaction costs and expanding the market, it added.
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China will also look to preserve and increase the value of its foreign exchange reserves as it improves its foreign exchange rate system, SAFE said.
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Kenya has adequate foreign exchange reserves to help it withstand any short-term shocks in the foreign exchange market, the central bank's monetary committee said.
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Reuters Buzz, which offers analysis and commentary for the foreign exchange community and is compiled by foreign exchange analysts, has suggested the trading pattern looks suspicious.
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On Friday, China's foreign exchange regulator told banks to strengthen checks on foreign exchange transactions to make sure they were genuine and based on actual needs.
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The online statement came after data from the State Administration of Foreign Exchange (SAFE) showed commercial bank net sales of $10.1 billion foreign exchange in February.
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The country's foreign exchange reserves - the world's largest - fell $22018 billion in September to $10.045 trillion, according to data from the country's foreign exchange regulator Sunday.
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On Friday China's foreign exchange regulator told banks to strengthen checks on foreign exchange transactions to make sure they were genuine and based on actual needs.
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The State Administration of Foreign Exchange, China's foreign exchange regulator, said this month that domestic companies would still be encouraged to participate in Belt and Road activities.
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Foreign-exchange deposits were 11% higher than a year earlier, and gross foreign-exchange reserves were 7.6% higher, although they had declined from February and March levels.
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Mexico's foreign exchange commission said in an afternoon release that Banco de México, also known as Banxico, would offer up to $20 billion in foreign exchange hedges.
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China's foreign exchange reserves rose $1.51 billion in June to $3.112 trillion due to asset price changes, the State Administration of Foreign Exchange (SAFE) said on Monday.
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UBS' foreign exchange strategist Wayne Gordon said China's foreign exchange reserves will likely fall to $2.7 to $2.8 trillion by the end of the year, with reaching 7.2.
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SHANGHAI, Dec 10 (Reuters) - China has shut about 600 local websites that illegally offered foreign exchange margin trading services, state media quoted the foreign exchange regulator as saying.
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BEIJING (Reuters) - The Shanghai branch of China's foreign exchange regulator on Tuesday said there have been no changes to rules on individuals purchasing foreign exchange in the city.
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China will also strengthen medium and long-term asset allocation in foreign exchange reserve management, the State Administration of Foreign Exchange in a report released on its website.
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BEIJING (Reuters) - China foreign exchange regulator said on Monday it will crack down this year on foreign exchange irregularities that are conducted under the guise of financial innovation.
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Non-financial firms had a net foreign exchange deficit of $215.9 billion in June, according to central bank data, liabilities that need to be offset with foreign exchange.
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China will simplify the process for foreign institutional investors to trade foreign exchange derivatives, the State Administration of Foreign Exchange said in a notice published on its website.
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The State Administration of Foreign Exchange (SAFE) said it will strengthen monitoring of cross-border capital flows as it looks to promote "healthy development" of the foreign exchange market.
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It added it will push forward diversification of foreign exchange reserves in a steady, prudent way and ensure safety and liquidity while increasing the value of foreign exchange reserves.
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State Administration of Foreign Exchange spokeswoman Wang Chunying told a regular briefing China's foreign exchange supply and demand in the market remained stable in the first half of 2017.
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The central bank suspended issuance of new licenses for foreign exchange bureaus over the past three months to conduct thorough inspections of existing foreign exchange retail bureaus, Luoga said.
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China's central bank rarely intervenes directly in foreign exchange markets, but usually operates through state-owned banks, in addition to using money market operations and its hefty foreign exchange reserves.
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BEIJING, March 16 (Reuters) - China's commercial banks sold a net $33.9 billion of foreign exchange in February, down from $54.4 billion in January, the foreign exchange regulator said on Wednesday.
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Financial asset fluctuations and changes in non-dollar currencies lead to the small rise in China's foreign exchange reserves, the State Administration of Foreign Exchange (SAFE) said in a statement.
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Since 2002, the central bank has bought foreign currency on the foreign exchange market to enable the Treasury to service its foreign debt and to maintain its foreign exchange reserves.
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The China Foreign Exchange Trade System said on its website that it would introduce the use of such bonds for collateral on its foreign exchange trading platform on July 23.
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The State Administration of Foreign Exchange said in an emailed statement that the new rules clarify reporting requirements for financial institutions and do not impact foreign exchange purchases by individuals.
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However, the State Administration of Foreign Exchange (SAFE) said on its website that net outflows of foreign exchange were down 61 percent in the fourth quarter from the third quarter.
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But he said the Philippines was "very far from any foreign exchange crisis" given its large foreign exchange reserves and "secondary buffers" as well as the country's investment grade-rating.
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The fall in September was due to fluctuations in foreign exchange rates and in the price of assets, the foreign exchange regulator said in a statement after the data release.
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China's commercial banks sold a net $17.6 billion of foreign exchange in September, compared with a net sale of $14.9 billion in August, the foreign exchange regulator showed on Thursday.
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The State Administration of Foreign Exchange said in a statement that the reserves rose due to basically balanced foreign exchange supply and demand and the appreciation of currencies against the dollar.
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Indeed, Chinese exporters increasingly favor holding dollars and paying down their foreign exchange loans, Sue Trinh, head of Asia foreign exchange strategy at RBC Capital Markets, wrote in a recent note.
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The letter, which briefs Buhari on the foreign exchange plan announced on Wednesday, says it could take three to four weeks to clear a $4 billion backlog of foreign exchange demand.
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It is also taking measures to strengthen foreign-exchange compliance after the New York Department of Financial Services in 2017 fined the bank $350 million for illegal foreign exchange related conduct.
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The move "was in line with the bank's determination to ease the foreign exchange pressure on various sectors through forward sales under the new flexible foreign exchange regime", the statement said.
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China's foreign exchange regulator, the State Administration of Foreign Exchange, said there were no restrictions on "genuine and compliant" international payments or transfers, and that it supported "healthy and orderly" overseas investment.
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"The new policy entails, for instance, including Norwegian and Danish krona in the foreign exchange reserves to better meet the Riksbank's contingency requirements for foreign exchange," the bank said in a statement.
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Instead of intervening in foreign exchange markets to weaken the yuan, also known as the renminbi, Beijing has spent foreign exchange reserves over the past year to support its currency, he added.
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China's foreign exchange regulator recently said China would be able to keep cross-border capital flows steady given its relatively sound economic fundamentals, solid current account surplus and ample foreign exchange reserves.
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London dominates the $5.1 trillion a day global foreign exchange markets: Far more foreign exchange is traded in London than the United States and the rest of the European Union put together.
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China's foreign exchange regulator in April granted combined quotas of $8.34 billion to 24 institutions under QDII, according to a statement on the website of the State Administration of Foreign Exchange (SAFE).
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"The size of Nigeria's foreign exchange reserves remains robust and comfortable," it said, adding that the bank "remains able and willing to meet all genuine demand for foreign exchange for legitimate transactions".
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Sound fundamentals in the Chinese economy will underpin operations in the foreign exchange market and provide a solid basis for the stability of forex reserves, the State Administration of Foreign Exchange said.
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Policymakers have been relaxing foreign exchange rules to make it more responsive to the needs of the economy and easier for businesses and individuals to transact foreign exchange within the banking system.
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China's commercial banks sold a net $9.2 billion of foreign exchange in March, compared with a net sale of $8.2 billion in February, the State Administration of Foreign Exchange said on Thursday.
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China's Foreign Exchange Reserves Dwindling Rapidly | China's foreign exchange reserves have shrunk by nearly a fifth since the summer of 2014, as Beijing has moved to shore up the value of its currency.
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But Mugume said controlling lending rates on shillings could prompt banks to offer loans denominated in foreign exchange, which in turn could put pressure on the shilling as demand for foreign exchange rose.
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Commercial banks sold a net $31.7 billion worth of foreign exchange in July, up from $12.8 billion in June, the State Administration of Foreign Exchange (SAFE) said in a statement on its website.
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Although the U.S. government shutdown continued, "the impact is still too difficult to measure, especially in foreign exchange terms," said Shahab Jalinoos, head of foreign exchange strategy at Credit Suisse in New York.
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The State Administration of Foreign Exchange (SAFE) said in its annual report that it will "strengthen authenticity and compliance checks on trade and investment, intensify checks and punishment of illegal foreign exchange activities".
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The head of the State Administration of Foreign Exchange (SAFE), Pan Gongsheng, made the comments in a meeting with foreign companies on Thursday on deepening China's foreign exchange reforms and improving business conditions.
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China's commercial banks sold a net $10.1 billion of foreign exchange in February, down 47 percent from January and the lowest amount since August, data from the foreign exchange regulator showed on Thursday.
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Following a meeting with the Ministry of Public Security, the State Administration of Foreign Exchange (SAFE) said the two bodies will crack down on illegal currency transactions and keep foreign exchange management orderly.
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SHANGHAI (Reuters) - China's foreign exchange market is relatively stable and cross-border capital movement is "gradually becoming balanced", state news agency Xinhua quoted the head of the country's foreign exchange regulator as saying.
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It also said the money would be drawn from fees imposed since 2018 on sales of foreign exchange, in a bid to end the gap between the official and parallel foreign exchange markets.
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In the foreign exchange market, major currencies were little moved.
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This ensures currency convertibility and reduces foreign exchange liquidity risks.
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SHANGHAI (Reuters) - China's foreign exchange regulator said that, starting Jan.
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For one, "Turkey needs foreign exchange very badly," he said.
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However, there would still be foreign exchange risk, she said.
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This has led to shortages of foreign exchange, squeezing imports.
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That's why you see weakness in foreign exchange and equity.
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It is also preparing to scrap tough foreign exchange controls.
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The fund, founded in 2007, oversees China's foreign exchange holdings.
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Separate global codes cover foreign exchange and precious metals trading.
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It's a question being asked far beyond foreign exchange desks.
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" "I feel like the foreign exchange student tin the community.
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Tourism is a key source of foreign exchange for Madagascar.
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So Egypt's foreign exchange shortage looks unlikely to end immediately.
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The idea was to preserve its dwindling foreign exchange reserves.
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Foreign exchange market authorities see minimal fallout from the crisis.
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Abiy has said foreign exchange shortages would last for years.
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But this foreign exchange service was just the first step.
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However, these loans expose the region to foreign exchange risk.
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A Reuters poll of foreign exchange strategists published on Sept.
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Tourism is a key foreign exchange earner in East Africa.
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Guo also previously served as China's top foreign exchange regulator.
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They also lower the risk of fluctuating foreign exchange rates.
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NEW YORK (Reuters) - Foreign exchange settlement provider CLS, IBM (IBM.
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Zimbabwe is facing acute shortages of foreign exchange and cash.
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Foreign exchange windows at local banks refuse to handle it.
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November's foreign exchange reserves data is due out next Wednesday.
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Oil is its top export and source of foreign exchange.
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But a foreign exchange crisis has since hit business sentiment.
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BEIJING, May 20 (Reuters) - China's commercial banks sold a net $11 billion of foreign exchange in April, compared with a net sale of $6.1 billion in March, the foreign exchange regulator said on Monday.
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The average annual return rate of China's foreign exchange reserves was 3.68% between 2005 and 2014, the regulator said, adding China will strengthen its medium- and long-term foreign exchange asset allocation, without elaborating.
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Ebury nabs £350M for foreign exchange and currency services for SMEs, Santander takes 50.1% stake Ebury provides foreign exchange, money transfer and other currency services to small and medium businesses and their banking partners.
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BEIJING, Oct 19 (Reuters) - China will fend off any impact from disorderly and intensified cross-border capital movements and safeguard stability of the country's foreign exchange market, its foreign exchange regulator said on Thursday.
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SHANGHAI, Feb 2 (Reuters) - China will establish direct trading between its yuan currency and Thai baht to lower the cost of foreign exchange conversion, the China foreign exchange trading platform operator said on Friday.
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The foreign exchange market is currently stable, Pan Gongsheng, chief of the forex regulator, said on the sidelines of the congress, adding that supply and demand in the foreign exchange market was basically balanced.
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"MTN categorically denies all suggestions that its bankers in strict violation of the FEMM Act (Foreign Exchange (Monitoring and Miscellaneous Act) and Foreign Exchange Manual, repatriated $13.92 billion illegally out of Nigeria," said Moolman.
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Beijing has announced a series of measures since November to tighten capital outflow curbs, including closer scrutiny of outbound investments and individual foreign exchange purchases, to support the yuan and preserve its foreign exchange reserves.
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Authorities will "severely crack down on underground banks and other foreign exchange violations to prevent and resolve risks from cross-border capital flows", the State Administration of Foreign Exchange (SAFE) said, after an internal meeting.
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"We follow exactly the situation in the foreign exchange market, we look at the pressure, and then we decide what to do in foreign exchange interventions," he said following an SNB policy decision in June.
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"China's foreign exchange reserves, a key indicator of the degree of foreign exchange market intervention, has been quite stable over the last year," said Eswar Prasad, former head of the International Monetary Fund's China division.
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China's foreign exchange regulator tightened checks over remittances by foreign firms.
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Georgia's foreign-exchange reserves fell to $2.5 billion as of Dec.
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"Adverse foreign exchange movement reduced profits to some extent," it said.
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Higher taxes and unfavorable foreign exchange rates aggravated the company's woes.
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Foreign-exchange reserves are gradually run down to pay for it.
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He ruled out targeting the foreign exchange market with monetary policy.
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Dwindling foreign-exchange reserves equate to just nine months of imports.
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Unlike Russia, with its oil, Turkey needs foreign exchange and investment.
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The government may still exert control over the foreign-exchange market.
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In the foreign exchange market, major currencies kept to tight ranges.
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Alongside, RBI bought around 80 billion rupees from foreign exchange interventions.
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He had served as head of foreign exchange and emerging markets.
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Zimbabwe used to rely on farming (especially tobacco) for foreign exchange.
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N on everything from foreign exchange to current accounts and remittances.
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It also reported a record foreign exchange loss of $3.77 billion.
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China's foreign exchange regulator said late on Saturday that from Jan.
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Non-interest income surged 20%, driven by strong foreign exchange income.
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Nigeria's foreign exchange reserves stood at $40.56 billion as of Jan.
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The situation on the foreign exchange market continues to be fragile.
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Foreign-exchange reserves hover around $10bn, according to the Central Bank.
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There are four foreign exchange (F/X) banks in the system.
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Last year, AIR was deployed in cash equities and foreign exchange.
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About $5.3 trillion changes hands daily in the foreign exchange market.
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Firms said excessive foreign exchange volatility was the top outlook risk.
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The country faces a foreign exchange payments crisis and roaring inflation.
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Then again, Dr. Gottman didn't trade currencies on the foreign exchange.
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Myers speculates that she may have been a foreign exchange student.
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The Iranian government has kept billions more as foreign-exchange reserves.
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Beijing buys Treasuries as a safe-haven for foreign exchange reserves.
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Crude is the country's top export and source of foreign exchange.
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It reported half-year foreign exchange losses of 81.9 million rand.
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Roberto Mialich, foreign exchange strategist at UniCredit, shared a similar view.
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Foreign exchange reserves are running low; the national debt is climbing.
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It has blamed foreign exchange rates and one-time product changes.
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"The situation remains fragile in the foreign exchange market," Jordan said.
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Foreign exchange costs decreased the figure by 2 cents a share.
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But China's foreign exchange reserves have not been doing very much.
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The Green Card is a Mastercard without any foreign exchange fee.
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Excluding the foreign exchange impact, sales would have risen 15.1 percent.
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Crude is the country's largest export and source of foreign exchange.
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It has been hedging fuel costs and foreign exchange risks too.
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Market risk is well-controlled and foreign exchange exposure is minimal.
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Beijing buys Treasuries as a safe haven for foreign exchange reserves.
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The State Administration of Foreign Exchange said in a statement on its website that it will also promote capital account convertibility in an orderly way and strengthen the operation and management ability for foreign exchange reserves.
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It went a step further on Thursday, watering down the significance of the dollar and adding 11 additional currencies in a foreign-exchange basket, according to a document released by the China Foreign Exchange Trading System.
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Mark Johnson, HSBC's global head of foreign exchange cash trading in London, is the first person to be charged in the Justice Department's three-year investigation into foreign-exchange rigging at global banks, the report said.
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The government cannot keep the yuan stable and maintain ample foreign exchange reserves at the same time, Guan Tao, former head of international payments at the State Administration of Foreign Exchange, told the China Securities Journal.
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ICAP, which agreed to merge its global hybrid voice broking business with Tullett Prebon Plc, said its electronic foreign exchange and fixed income business - EBS BrokerTec - would provide technology to China Foreign Exchange Trade System (CFETS).
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China's foreign exchange regulator has also not issued fresh quotas in the past three months under another overseas investment scheme, the Qualified Domestic Institutional Investor, or QDII, data from the State Administration of Foreign Exchange (SAFE) showed.
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"We have had a quiet start to what should be a very busy week in the foreign exchange market," Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, said in a early morning note.
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The central bank said last week its net foreign exchange sales in March were the lowest in 10 months at 54.7 billion yuan ($7.94 billion), while China's foreign exchange reserves edged up in March to $3.009 trillion.
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Third, the country has been consistently intervening in the foreign exchange market to keep its currency weak, with an accumulation of foreign exchange reserves of at least 221% of GDP over the preceding six to 12 months.
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New information disclosure requirements on personal foreign exchange purchases this year have curbed fraudulent purchases, Wang said, adding that the amount of foreign exchange purchased by individuals fell 4 percent in the first half of the year.
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"There has been an increase in illegal foreign exchange bureaus and money laundering activities that have been conducted through foreign exchange bureaus," central bank Governor Forens Luoga said, adding that it was a "vast and powerful network".
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The foreign exchange market was closed on Monday for a public holiday.
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Saudi Arabia has already burned through $150 billion of foreign exchange reserves.
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Magesvaran Suranjan: As a global company, it'll be foreign exchange and commodities.
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Again, we&aposre a big foreign exchange earner for the United States.
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Coal is the largest source of foreign exchange for the isolated country.
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A city like Istanbul generates foreign exchange from both antiquity and novelty.
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Protectionist policy setting with flexible ideology makes foreign exchange trading extremely uncertain.
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And today we saw why: 11-point hit because of foreign exchange.
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Analysts have said it was mainly boosted by higher foreign exchange inflows.
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The palm oil sector is one of Indonesia's key foreign exchange earners.
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The Bunq Travel Card is a Mastercard without any foreign exchange fee.
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Venezuela would have to dip further into its dwindling foreign-exchange reserves.
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But the lack of foreign exchange means that imports may become scarce.
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One of the victims killed was a foreign exchange student from Pakistan.
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Elsewhere in the foreign exchange market, the euro was steady at $1.1162.
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The foreign-exchange market may be the place to watch for trouble.
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The RBZ only has enough foreign exchange for two weeks of imports.
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Ibanfirst plans to go much further than being a foreign exchange service.
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Regulations allow Chinese nationals a foreign exchange quota of $50,000 a year.
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The macro businesses — rates and foreign exchange — saw increased revenues, in contrast.
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GIC, which manages Singapore's foreign exchange reserves, aims to beat global inflation.
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That means selling roubles on the currency market to buy foreign exchange.
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But you wouldn't want a foreign exchange policy based on the BMI.
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The monetary arrangement assures currency convertibility and reduces foreign exchange liquidity risks.
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"So our exposure to foreign exchange issues is very limited," Rubio said.
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On top of that, foreign exchange rates can often sting a company.
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In a ubiquitous currency regime, however, foreign exchange fees would vanish entirely .
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But politics have trumped economics in foreign exchange markets in recent weeks.
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The bank, which provides foreign exchange for imports, has denied the allegations.
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It had previously seen a 3-4% drag from foreign exchange effects.
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Foreign exchange markets were largely unfazed by the Japanese central bank's move.
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China's foreign exchange reserves, the world's biggest, stand at around $3.2 trillion.
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Experts employ options, futures, foreign exchange, and other securities in their accounts.
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London has dominated the foreign exchange market for nearly half a century.
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It burned through $1 trillion in foreign exchange reserves to steady it.
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Oil exports account for more than 90 percent of foreign exchange revenues.
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Foreign exchange reserves stood at $350.4 billion for the week ending Feb.
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Some 95 percent of the country's foreign-exchange earnings come from oil.
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Alan Ruskin, global co-head of foreign exchange research at Deutsche Bank
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The country's foreign exchange and bond trading platforms resumed operations on Wednesday.
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Improbable's reduced pre-tax loss is mostly down to foreign exchange gains.
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Chinese regulations grant individuals a foreign exchange quota of $50,000 a year.
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Organic revenue excludes the impacts of foreign exchange translation and structural changes.
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Deutsche was not sanctioned in earlier global probes of foreign exchange manipulation.
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Swiss foreign exchange reserves due to be announced at around 0800 GMT.
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UBS put the miss down to bigger than expected foreign exchange losses.
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Therium Capital Management, established in 2009, is backing the foreign-exchange case.
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But you've seen increases in interest rate volatility and foreign exchange volatility.
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Mining accounts for more than 70 percent of Zambia's foreign-exchange earnings.
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They may also release foreign-exchange volatility reserves to mitigate currency risk.
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That operation, called EuroFX, had also promised fat returns on foreign exchange.
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It incited a severe scarcity in foreign exchange that hasn't abated yet.
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It has been rationing dollars as its foreign exchange reserves have dwindled.
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In many countries, nature-based tourism is a top foreign exchange earner.
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That's why the data from the foreign exchange markets is so interesting.
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Foreign exchange markets were relatively subdued with the dollar index holding flat.
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ICAP, which last year agreed to merge its global hybrid voice broking business with Tullett Prebon Plc, said its electronic foreign exchange and fixed income business - EBS BrokerTec - would provide technology to China Foreign Exchange Trade System (CFETS).
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The drop in reserves in January was mainly due to interventions by the central bank as it sold foreign currencies and bought yuan, China's foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), said in a statement.
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Commercial banks sold a net $9.5 billion of foreign exchange in August, down 70 percent from July and hitting the lowest since July 2015, the State Administration of Foreign Exchange (SAFE) said in a statement on its website.
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Earlier data showed net foreign exchange sales by China's central bank sold a net 191.9 billion yuan ($28.77 billion) worth of foreign exchange in August - the highest in six months - as the bank sought to support the yuan.
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BEIJING (Reuters) - China will create an open, competitive domestic foreign exchange market and should let a flexible exchange rate mechanism regulate the impact of cross-border capital flows, a deputy head of its foreign exchange regulator has said.
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The State Administration of Foreign Exchange, the foreign exchange regulator, said on Monday it would increase the quota for the Qualified Foreign Institutional Investor (QFII) program to $300 billion from $150 billion to meet investment demand from abroad.
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Yu, who for years has called for liberalizing the yuan's exchange rate over years, said China should give up foreign exchange interventions and safeguard its foreign exchange reserves so that China will "have sufficient ammunition" for future rainy days.
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FOREIGN EXCHANGE CURBS: Turkey raised a tax on some foreign exchange sales to 21% from zero on May 26.0510, a move meant to halt a months-long trend of Turks selling the lira for more stable dollars and euros.
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FOREIGN EXCHANGE CURBS: Turkey raised a tax on some foreign exchange sales to 22018% from zero on May 2018, a move meant to halt a months-long trend of Turks selling the lira for more stable dollars and euros.
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The central bank governor said they are also finalising an operational framework for Foreign Exchange Administration compliance, that will set an industry standard for minimum due diligence and provide more clarity and efficiency in foreign exchange and hedging transactions.
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BEIJING (Reuters) - China will pursue the diversification of its foreign exchange reserves in a steady, prudent way, the country's foreign exchange regulator said on Sunday as it for the first time released some broad data on its reserve holdings.
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The news helped momentarily stabilize the lira, along with stronger controls over some foreign exchange transactions, but with few details of Qatar's aid known, it appears unlikely to be a large cash infusion that would bolster foreign exchange reserves.
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At that time, China had witnessed an almost unstoppable rise in the level of its foreign exchange reserves for more than a decade; it seemed that a big stockpile of foreign exchange would continue to increase to haunt Beijing.
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"China is capable and confident of maintaining stable operation of the foreign exchange market and keeping the yuan basically stable at reasonable and balanced levels," Pan Gongsheng, head of the State Administration of Foreign Exchange, said at the forum.
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Flash crashes were on the agenda of two recent meetings of the Foreign Exchange Committee, an industry group sponsored by the Federal Reserve Bank of New York, and a gathering of the Global Foreign Exchange Committee (GFXC) this month.
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China's commercial banks sold a net $10.1 billion of foreign exchange in February, the lowest level in six months, down 47 percent from January and the lowest amount since August, data from the foreign exchange regulator showed on Thursday.
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RABAT, Jan 18 (Reuters) - Morocco's central bank will continue to intervene in the foreign exchange market if necessary to support the dirham after launching a more flexible foreign exchange system this week, Finance Minister Mohammed Boussaid said on Thursday.
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BEIJING (Reuters) - China's foreign exchange regulator has not modified rules on withdrawals of foreign exchange by individuals, the regulator said on Tuesday, following media reports that it had capped the frequency of U.S. dollar withdrawals at two each week.
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SHANGHAI, Feb 21 (Reuters) - The release of some Chinese foreign exchange data will be delayed because of the coronavirus outbreak, China's foreign exchange regulator said on Friday, adding that operations of the currency market were generally stable this month.
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They also have brought cases related to the rigging in foreign exchange trading.
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Its foreign exchange reserves in April hit a record high of $105 billion.
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Buhari backed central bank plans to adopt a more flexible foreign exchange policy.
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Currency crisis For a sustainable recovery, Nigeria must resolve its foreign exchange crisis.
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China will keep its foreign exchange management policies stable and consistent, Wang said.
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Philippine foreign-exchange reserves, unlike those of Indonesia and India, haven't been rising.
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The dollar was selling for 2112,230 rials, according to foreign exchange website Bonbast.
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"There are two counteracting forces," said Rahim Madhavji, president at Knightsbridge Foreign Exchange.
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Huang earlier said that China needs to reform its foreign exchange reserves system.
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China's foreign exchange reserves, the world's largest, are managed by the central bank.
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Sebastiana Correa, 28, got pregnant as a foreign exchange grad student in Connecticut.
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If the effects of foreign exchange aren't included, growth would have been 18%.
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The group recorded a total net foreign exchange gain of 283 million pounds.
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Several custodians have settled charges of pocketing excessive amounts from foreign-exchange dealings.
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Foreign exchange is another tailwind underrated by Wall Street, according to the note.
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The central bank will publish February foreign exchange reserves data at 1300 GMT.
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Europe had tried to reduce foreign-exchange risk by creating a single currency.
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Stocks have decoupled from fixed income, property and foreign exchange markets, he added.
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The central bank periodically intervenes in foreign-exchange markets to hammer it down.
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In fact, they offer a partial hedge against sharp moves in foreign exchange.
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Foreign-exchange reserves have fallen sharply as a result (see right-hand chart).
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"Production and China's foreign exchange income will have suffered (by then)," he said.
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China reported that it held $21.8 trillion in foreign exchange reserves in January.
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China reported that it held $3.115 trillion in foreign exchange reserves in January.
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AT&T said the segment lost $551 million due to foreign exchange pressures.
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Foreign exchange supply and demand was basically balanced in the month, it added.
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In contrast, EM foreign exchange reserves in US dollars have fallen since 2013.
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Instead, Fain identified foreign exchange as the culprit for the company's light sales.
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In many countries the fastest-growing source of foreign exchange is their diaspora.
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In South Korea, only licensed banks and brokers can offer foreign exchange services.
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Wilmer Valderrama, who portrayed foreign exchange student Fez, echoed that statement on Facebook.
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Moneytis wants to do the exact same thing, but for foreign exchange services.
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Service exports make up most of the Communist-run countrys foreign exchange earnings.
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Oil export revenues account for more than 90 percent of foreign exchange revenues.
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The year-earlier quarter included a foreign exchange loss of 26.7 million rupees.
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The bank has bought $90 billion of foreign exchange the past 11 years.
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To counterbalance, China turned to its foreign exchange reserves to buy back yuan.
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Governments were forced to abandon currency pegs as their foreign-exchange reserves dwindled.
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The tourist flights that bring Gambia's main source of foreign exchange continued uninterrupted.
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Regulators will continue to crack down on illegal foreign exchange activities, SAFE added.
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In the foreign exchange market, major currencies were on the sidelines for now.
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Negotiations continue over allegations of foreign-exchange manipulation by a dozen large banks.
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And in juggling all this, they've been unloading their official foreign exchange reserves.
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Meanwhile, Colombia did not even need to intervene in the foreign exchange market.
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The bank has bought $278.35 million on the foreign exchange market since March.
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Why has Trump failed to get fabulously rich in the foreign exchange market?
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A public holiday in global foreign exchange capital London kept the market subdued.
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The company uses Mastercard's foreign exchange rates and doesn't add anything on top.
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Flug also said she watched the foreign exchange market, particularly on "stormy days".
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Financial authorities do not disclose what foreign exchange they buy on the market.
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Service exports make up most of the Communist-run country's foreign exchange earnings.
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In the foreign exchange market, major currencies were on the sideline for now.
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On top of this, there is foreign exchange trading in the currency itself.
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As of July, its total foreign exchange reserves stood at around $3.1 trillion.
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Officials at State Administration of Foreign Exchange did not immediately respond to comment.
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Coal is the second-largest generator of foreign exchange in Colombia, behind oil.
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Those assets can be an index, a stock, foreign exchange or commodities products.
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China also says it diversifies its foreign exchange reserves to safeguard their value.
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China's foreign exchange reserves at the end of October stood at $3.12 trillion.
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Foreign exchange and economic risk is at their lowest in years, Eldesoki said.
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But then the Egyptian political climate worsened, and foreign-exchange programs were cancelled.
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Mr Emefiele tried heroically to conserve the country's dwindling reserves of foreign exchange.
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Japan accounts for 54 percent of global foreign exchange margin trading, he added.
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Crude oil sales make up around 90% of foreign exchange earnings in Nigeria.
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Higher commodities and unfavorable foreign exchange rates have hindered Ford in recent quarters.
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He has been described as one of the best foreign exchange traders ever.
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Travelex claims to be the world's largest provider of foreign exchange for travelers.
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Vietnam's foreign exchange reserves have reached $73 billion, a record high, he added.
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Whatever the outcome of the foreign-exchange case, banks will face more bills.
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Vietnam and Thailand have started accumulating foreign-exchange reserves at a rapid clip.
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The bank holds one of the world's biggest gold and foreign exchange reserves.
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Argentina has been running an energy deficit since 2011, draining foreign exchange reserves.
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Mnuchin has pledged a more methodical approach to analyzing Beijing's foreign exchange practices.
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Information is "not widely available" in Treasury and foreign exchange markets, Dudley said.
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Policy easing to boost growth has been another source of foreign exchange weakness.
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Elsewhere, foreign exchange markets reflected fading optimism over a U.S.-China trade deal.
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The group recorded a total net foreign exchange gain of 654 million pounds.
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But in July 2013, EuroFX told investors it was suspending foreign exchange trading.
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The brochures boasted that EuroFX had 13 years' experience in foreign exchange trading.
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In November the daily foreign exchange sales also amounted to 700 million crowns.
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Foreign exchange deposits and "immovable property" are the most popular overseas investment options.
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Revenue rose 13% to 2.24 billion shekels, or 6.1% excluding foreign exchange effects.
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China reported that it held $21.5 trillion in foreign exchange reserves in January.
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The State Administration of Foreign Exchange (SAFE) will step up investigations into capital outflows and intensify a crackdown on underground banks to foster healthy development of the country's foreign exchange market, Zhang Shenghui, a senior director at SAFE told the newspaper.
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Following a meeting with the Ministry of Public Security, the third this year, the State Administration of Foreign Exchange (SAFE) said the two bodies will maintain intense pressure to clamp down on illegal banks and keep foreign exchange management orderly.
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"Bank Negara Malaysia's admission on Friday that it is currently intervening in the foreign-exchange market shows that the selling pressure on emerging market foreign exchange is even worse than the price action suggests," Macquarie said in a note on Monday.
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Access to foreign exchange will remain severely restricted until the Central Bank of Nigeria (CBN) can establish the credibility of the Interbank Foreign Exchange Market (IFEM) and bring down the spread between the official rate and the parallel market rates.
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China's State Administration of Foreign Exchange said late last year it would soon launch a system to monitor foreign exchange businesses at banks and put people who tried to buy more foreign currency than is allowed on a watch list.
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"Abandoning intervention in the foreign exchange market will not only avoid the unnecessary depletion of foreign exchange reserves, but also greatly reduce the need for capital controls to curb capital outflows," Yu said, arguing that intervention only encouraged yuan-sellers.
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"While foreign exchange continues to be a headwind for us in 2018, we believe that if rate holds constant, foreign exchange should become relatively neutral for our EPS in 2019," Chief Financial Officer Daniel Brennan said on a post-earnings call.
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" In the late Wednesday note, co-head of global foreign exchange and emerging markets strategy Zach Pandl wrote that the team would make slight adjustments to its emerging markets foreign exchange forecast, which have already been on the "more constructive side.
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"Access to foreign exchange will remain severely restricted until the Central Bank of Nigeria can establish the credibility of the Interbank Foreign Exchange Market and bring down the spread between the official rate and the parallel market rates," said Fitch.
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Parties making a yuan loan to an overseas entity must first register the loan with the State Administration of Foreign Exchange (SAFE) - the foreign exchange regulator - and must keep the loan within a certain limit, the sources told Reuters on Thursday.
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Months later, Mr. Dalio met with Pan Gongsheng, the deputy governor of the People's Bank of China who is also an administrator of China's State Administration of Foreign Exchange, or SAFE, which is responsible for managing China's foreign exchange currency reserves.
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The State Administration of Foreign Exchange said in an online statement that the release of data on trade in the currency market and commercial banks' foreign exchange sales for January would be postponed to March 6 due to the virus outbreak.
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It has also shut forex depo auctions and adjusted a foreign exchange reserve requirement.
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Small businesses complained that the foreign exchange restrictions were forcing them out of business.
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The world's second largest economy released foreign-exchange reserves data for January on Tuesday.
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He expects foreign exchange reserves to drop $30 billion in February to $2.97 trillion.
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The bank will sell foreign exchange equivalent to 1.0 billion Norwegian crowns per day.
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Sixty percent of sovereign debt issuance and global foreign exchange reserves are in dollars.
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They managed their exchange rates using massive piles of foreign-exchange reserves (see chart).
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Revenue from foreign exchange, rates and credit improved 15% yoy, helped by market volatility.
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|
Yet foreign-exchange reserves are down to just $9bn—barely two months' import cover.
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Zimbabwe is a pariah state with an economy in dire need of foreign exchange.
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|
The tightening of U.S. sanctions also has hurt tourism and other foreign exchange earnings.
|
|
The notes are guaranteed by Greenland in accordance with China's Foreign Exchange Administration Rules.
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When you reach those limits, you pay 1.15% to 1.5% in foreign exchange fees.
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But the company's foreign exchange assumption is modest, forecasting the dollar at 100 yen.
|
|
The foreign exchange company earned $558 million in revenue, topping estimates of $505 million.
|
|
Lucrative niches like foreign exchange and asset management are being harried by new entrants.
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|
Oil export revenues account for more than 90 percent of its foreign exchange revenues.
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|
He pointed to its "solid" foreign exchange reserves, strong banking system and fiscal position.
|
|
Changes in fees and foreign exchange fluctuations means that the effective percentage can vary.
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|
Russia's foreign exchange reserves stand at $478 billion, the fifth largest in the world.
|
|
"They could sell those dollars into the market and buy foreign exchange," he said.
|
|
The non-oil economy will continue to be constrained by tight foreign exchange liquidity.
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|
MARC BENIOFF: Well, last quarter, you know, we had that unexpected foreign exchange headwind.
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Commentary by Keith Underwood, a 25-year veteran of the global foreign exchange market.
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Another milestone reform was the abolition of most of foreign exchange restrictions in September.
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|
Overall organic net sales, which excluded acquisitions, dispositions and foreign exchange impact, rose 2.3%.
|
|
Another example of theory and practice parting company is in the foreign-exchange market.
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|
An HSBC spokesman said the bank is cooperating in the DoJ's foreign exchange investigation.
|
|
Early this year, China's falling foreign-exchange reserves were a key risk for markets.
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Turkey's depleted foreign exchange reserves mean it has little capacity to defend the currency.
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|
But the company is aware that it started off as a foreign exchange service.
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In contrast, the U.S. has foreign exchange reserves that hover at roughly $120 billion.
|
|
Other constraints include its volatile working-capital requirement and exposure to foreign-exchange risk.
|
|
In the same month, China revealed its foreign-exchange reserves also dropped $108 billion.
|
|
Despite the Brexit concerns, some foreign exchange analysts are predicting a bounce for sterling.
|
|
Foreign exchange has not been a happy hunting ground for hedge funds this year.
|
|
Foreign exchange markets were relatively subdued with the dollar index leading, up 0.3 percent.
|
|
The central bank, for its part, has only $30 billion of foreign-exchange reserves.
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|
MOSCOW, Dec 14 (Reuters) - Russian central bank will resume foreign exchange purchases from Jan.
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If not for foreign exchange fluctuations, revenue would have risen narrowly, the company said.
|
|
Foreign-exchange reserves increased in March, for the first time in half a year.
|
|
Foreign-exchange reserve coverage remains low at around three months of current external payments.
|
|
A banking watchdog's step to limit foreign exchange swap transactions also helped the currency.
|
|
The country has $3.5bn of foreign-exchange reserves, about eight months' worth of imports.
|
|
And financial firms could shift foreign exchange operations and investment banking to the Continent.
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It said foreign exchange effects had impacted operating profit negatively by 10 million francs.
|
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The Treasury Department recently released its report on foreign exchange of major trading partners.
|
|
Separately, China's foreign exchange regulator said on Thursday that the impact of Sino-U.
|
|
Russia is also the source of foreign exchange for North Korea, mostly from Vladivostok.
|
|
Tourism, along with tea, horticulture and remittances, are Kenya's leading sources of foreign exchange.
|
|
The bank will sell foreign exchange equivalent to 650 million Norwegian crowns per day.
|
|
This has distorted the foreign exchange market, where onshore and offshore rates have diverged.
|
|
Stock, bond and foreign exchange markets are closed on Wednesday for a public holiday.
|
|
It suffered 3.27 billion yuan in foreign exchange losses due to the weakening yuan.
|
|
Second, it enables these countries to maximize their oil and gas foreign exchange revenues.
|
|
It accused some media of publishing "inaccurate information" on the yuan foreign exchange rate.
|
|
He was previously head of corporate risk solutions, encompassing private rates, foreign exchange & commodities.
|
|
Mining as a whole provides more than half of the country's foreign exchange revenue.
|
|
FiREapps provides currency analytics and foreign exchange exposure management technology solutions for multinational companies.
|
|
Several economies, including China, Taiwan and Singapore, intervened in the foreign exchange market aggressively.
|
|
These include fiscal policy, foreign exchange intervention and taxes and controls on foreign capital.
|
|
Firms will be forced to convert income despite outstanding foreign exchange liabilities, he said.
|
|
However, adverse foreign exchange movements will likely hamper reported growth in the near term.
|
|
It's sort of like a foreign-exchange program, but for subcultures instead of countries.
|
|
But Foreign Exchange is between a producer named Nicolay and a rapper named Phonte.
|
|
The results also included a $7 million impact from changes in foreign exchange rates.
|
|
It can because there is heavy demand for CHF in the foreign exchange markets.
|
|
Some funds also cited foreign exchange quota restrictions for introducing curbs on fresh investments.
|
|
Policymakers have said they prefer intervention in the foreign exchange market to rate cuts.
|
|
At least one other bank was adopting similar measures to curb foreign exchange sales.
|
|
PHILIPPINE C.BANK SEES END-2019 FOREIGN EXCHANGE RESERVES AT $85 BLN (PREVIOUS $83 BLN)
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CHINA END-NOV FOREIGN EXCHANGE DEPOSITS $749.8 BLN VS $749.7 BLN AT END-OCT
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Rodriguez noted that about 90 percent of Venezuela's foreign exchange capacity comes from PDVSA.
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|
CHINA END-DEC FOREIGN EXCHANGE DEPOSITS $757.7 BLN VS $749.8 BLN AT END-NOV
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Teachers: The State Department is moving forward with new rules for foreign exchange teachers.
|
|
It said MUFG could raise fees on other banking services, such as foreign exchange.
|
|
This extraordinary measure will undermine the island's fastest growing source of foreign exchange earnings.
|
|
That is the equivalent of an earthquake in the normally subdued foreign-exchange markets.
|
|
The bank will sell foreign exchange equivalent to 900 million Norwegian crowns per day.
|
|
Its auto shipments to America alone are its biggest generator of foreign exchange reserves.
|
|
In foreign exchange, the U.S. currency strengthened slightly after hitting 15-month lows overnight.
|
|
The threat of U.S. sanctions has destabilised Iran's foreign exchange market in recent months.
|
|
Authorities have tightened monitoring of foreign exchange transactions out of concern over capital outflows.
|
|
"The PBOC is still a major player in the foreign exchange market," Yao said.
|
|
Tourism along with tea, horticulture and remittances are Kenya's leading sources of foreign exchange.
|
|
But tourism and agriculture, two of the main foreign exchange earners, were largely unaffected.
|
|
The sector includes the tourism industry, which is among Kenya's top foreign exchange earners.
|
|
Organic profit growth excludes the impact on profit from acquisitions, divestments and foreign exchange.
|
|
The party making a yuan loan to an overseas entity must first register the loan with the State Administration of Foreign Exchange (SAFE) - the foreign exchange regulator - and must keep the loan within a certain limit, the sources told Reuters on Thursday.
|
|
The fall in July - which was only the second monthly drop this year - was due to changes in foreign exchange rates and prices of assets which China holds in its reserves, the foreign exchange regulator said in a statement after the data release.
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|
"While it is possible that some residents' acquisition of foreign-exchange assets now is intended for repayment of foreign-exchange debt later, this does not appear to be the case for the second half of last year," Goldman said in the note Monday.
|
|
Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, said in a Friday note that foreign exchange traders were not convinced by the better-than-expected June jobs report and were eyeing the downward revision of the weak May numbers.
|
|
"We expect the FOMC minutes from the May meeting to be rather uneventful for the foreign exchange market, given the deluge of Fed speak investors have received in recent sessions," said Stephen Gallo, European head of foreign exchange strategy at BMO Capital Markets.
|
|
"With the foreign exchange reserve being relatively fixed, foreign exchange reserve as a share of money supply has fallen from 40 percent just five years ago to 10 percent today," Victor Shih, a professor and China expert at UC San Diego, told CNBC.
|
|
The moves in the yen come as month-end, quarter-end, as well as year-end for many Japanese corporates flows were also figuring in foreign exchange moves, Ray Attrill, head of foreign exchange strategy at National Australia Bank, said in a note.
|
|
China should also let the exchange rate play a more fundamental role in foreign exchange resource allocation, regulating cross-border flows, and balancing international payments, Fang Shangpu said in an article on Thursday in a publication owned by the foreign exchange regulator.
|
|
Pan Gongsheng, head of the State Administration of Foreign Exchange, said China's foreign exchange management would "basically focus on reform and opening-up to facilitate cross-border trade and investment, and at the same time prevent risks from cross-border capital flows".
|
|
BEIJING (Reuters) - China's foreign exchange regulator tried to reassure worried global investors on Thursday about capital outflows from world's second-largest economy, saying they had eased in the fourth quarter, despite data showing a record drop in foreign exchange reserves in December.
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|
Chinese citizens have started to make use of their annual $39.5743,39.5733 foreign exchange conversion quota.
|
|
Razia Khan, Standard Chartered's chief economist for Africa, said that foreign exchange stability remains paramount.
|
|
TBILISI, Sept 7 (Reuters) - Georgia's foreign exchange reserves rose to $2.889 billion as of Sept.
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|
Pay with whatever foreign exchange you have in Hong Kong or overseas, said the directive.
|
|
Benon Okwenje, a foreign exchange trader at Stanbic Bank, said the shilling would weaken slightly.
|
|
TBILISI, Nov 7 (Reuters) - Georgia's foreign exchange reserves declined to $2.760 billion as of Nov.
|
|
The Reserve Bank of India typically intervenes in the foreign exchange market via state banks.
|
|
The central bank is struggling to pay public-sector wages as foreign exchange reserves dwindle.
|
|
The government will step up monitoring of stock, bond and foreign exchange markets, Wang said.
|
|
The respondents cited foreign exchange volatility, fluctuation in energy prices and rising competition as risks.
|
|
The RBI's foreign-exchange reserves, which had been rising, have started to fall (see chart).
|
|
Data from Chinese banks also does not appear in the official foreign exchange reserve data.
|
|
Overseas borrowing also creates foreign exchange liabilities when the dollar bonds are translated into yuan.
|
|
The company's net profit fell 24.5 percent that year, primarily because of foreign exchange losses.
|
|
The bank later sold $84 million in the foreign exchange market to steady the peso.
|
|
Foreign-exchange holdings of local individuals and institutions was $179.18 billion as of May 3.
|
|
Foreign exchange reserves fell by $7.28 billion in the first four months to $72.6 billion.
|
|
Porat also said that slower revenue growth reflected foreign exchange effects and a strong 210.48.
|
|
After a Turkey-inspired sell-off in the foreign-exchange market, currencies look fairly valued.
|
|
The stocks, bond and foreign exchange markets were closed on Friday for a public holiday.
|
|
Mitch Nadel will run macro trading in the Americas, comprising both rates and foreign exchange.
|
|
"Blame the Bank of Japan (BOJ)," said Patrick Bennett, a foreign-exchange strategist at CIBC.
|
|
A public holiday in global foreign exchange capital London kept trading volumes thin, analysts said.
|
|
Sri Lanka's stock and foreign exchange markets are closed on Friday for a religious holiday.
|
|
That would cause turmoil in foreign-exchange and bond markets, and create an inflation shock.
|
|
NIGERIA'S CENTRAL BANK GOVERNOR SAYS WILL CONTINUE TO OPERATE A MANAGED FLOAT FOREIGN EXCHANGE RATE
|
|
Customs said about 637.5 billion won ($596.02 million) worth of foreign exchange crimes were detected.
|
|
The latest evidence was an 11th consecutive monthly increase in foreign-exchange reserves in December.
|
|
Foreign exchange reserves fell $512.66 billion in 2015 to $3.33 trillion, central bank data showed.
|
|
All of the funds were then transferred to a foreign exchange broker and further distributed.
|
|
The precarious foreign exchange position has heightened concerns over the government's ability to repay borrowers.
|
|
"It's profit-taking," said Douglas Borthwick, managing director at Chapdelaine Foreign Exchange in New York.
|
|
Both the CSRC and the State Administration of Foreign Exchange declined to give immediate comment.
|
|
THE FOREIGN-EXCHANGE (FX) market is as opaque and old-fashioned as it is enormous.
|
|
And in recent months, Asian countries have been accumulating large holdings of foreign-exchange reserves.
|
|
LAGOS, Feb 28 (Reuters) - Nigeria's foreign exchange reserves stood at $41.8 billion as of Feb.
|
|
Traders were monitoring both the moves in the foreign exchange market and fixed income markets.
|
|
Even the volume of foreign-exchange trading, after a long history of expansion, is falling.
|
|
Wells has had to set aside money to reimburse foreign-exchange and wealth-management clients.
|
|
The company also recorded gains related to foreign exchange and disposal of property and equipment.
|
|
Nabiullina added that foreign exchange risks were accumulated in the real estate and retail sectors.
|
|
SARA EISEN: Foreign exchange is a big headwind for a company like yours and others.
|
|
Their foreign-exchange reserves dropped $108 billion in December with overall reserves falling $23 billion.
|
|
China's foreign exchange reserves declined by $512.66 billion in 2015, the steepest fall on record.
|
|
This exposes TT to significant risks arising from potential adverse movements in foreign exchange rates.
|
|
It has said that defending the currency with foreign exchange reserves does not "seem sensible".
|
|
There are certainly some of the more volatile countries where foreign exchange has changed significantly.
|
|
Currency controls left the peso overvalued and foreign exchange reserves at a nine-year low.
|
|
PDVSA, Venezuela's main source of foreign exchange, would have a harder time restructuring its debt.
|
|
Beijing's foreign exchange reserves have fallen by $800 billion since 2014, according to CLSA data.
|
|
These factors should more than offset a soft CRM market and foreign exchange rate headwinds.
|
|
China's own foreign exchange reserves have dropped $1 trillion in two-and-a-half years.
|
|
Amazon said it took a hit of about $1.2 billion from foreign exchange rate changes.
|
|
Instead, it will invest in foreign corporate bonds and foreign exchange traded funds, Mano said.
|
|
Velarde also shrugged off any concerns about recent volatility in the local foreign exchange market.
|
|
Foreign exchange experts told Reuters last week that a manipulator label was unlikely for Beijing.
|
|
Adverse commodity prices and foreign exchange rates led to the subdued performance, Maruti said bit.
|
|
But it said foreign-exchange intervention should be considered if rapid moves threaten financial stability.
|
|
Kit Juckes, global head of foreign exchange strategy at Societe Generale, went one step further.
|
|
The macro business deals with corporate clients who trade foreign exchange and interest rate products.
|
|
So the official foreign exchange reserves data that we currently report definitely meets liquidity standards.
|
|
JP Morgan foreign exchange strategists said they were confident of sterling weakness in coming months.
|
|
The stability of China's yuan exchange rate and foreign exchange reserve faces pressure, he said.
|
|
"Foreign exchange fees are the banks and credit card companies' dirty little secret," says Moross.
|
|
Most bulk foreign exchange buyers in Uganda are typically fuel importers, manufacturers and telecommunications firms.
|
|
And there's another reason lower fuel cost aren't necessarily trickling into airlines' earnings: foreign exchange.
|
|
Crude sales make up two-thirds of government revenue and most of its foreign exchange.
|
|
PayPal facilitates transactions on a merchant's website and part of that includes foreign exchange too.
|
|
TBILISI, Aug 5 (Reuters) - Georgia's foreign exchange reserves declined to $2.856 billion as of Aug.
|
|
This is in addition to a government investigation over breaching the Foreign Exchange Management Act.
|
|
The industry is one of Kenya's biggest foreign-exchange earners, alongside tea, tourism and remittances.
|
|
The profit comes from the interest rate banks are charged and from foreign exchange transactions.
|
|
Trends in foreign exchange and commodity markets have recently been pushing in the same direction.
|
|
Indosat Ooredoo has hedged 85% of its US dollar exposure through foreign exchange forward swaps.
|
|
The latest Reuters foreign exchange poll has it at 106 yen by end-May 2018.
|
|
A family in Pakistan lost their daughter who was here as a foreign exchange student.
|
|
This is great while it lasts, but it leaves investors open to foreign exchange risk.
|
|
The AIIB was conceived when China's foreign-exchange reserves seemed headed inexorably towards $4 trillion.
|
|
The Bank doesn't have lots of foreign-exchange reserves with which to buy the pound.
|
|
China announces foreign exchange reserves on Tuesday, followed by trade and inflation data on Feb.
|
|
Foreign-exchange market volatility was still in short supply but there were a few stirrings.
|
|
"We have not found evidence of speculative activity in the foreign exchange market," she said.
|
|
This contrasts with depreciation of a currency, where the foreign exchange market sets its value.
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To date, three other individuals have faced U.S. charges stemming from the foreign exchange probe.
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In March 2015, BATS acquired Bats Hotspot from Knight Capital for its foreign exchange platform.
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He said he believed the G20 would keep established language rejecting foreign exchange rate manipulation.
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Local politicians have awoken to the possibility of higher tax revenues and foreign-exchange reserves.
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Losses from foreign exchange and restructuring costs worsened the prospects for its earnings, RCL said.
|
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In the foreign exchange market the rand advanced to levels last seen in February 2015.
|
|
Revenue fell 6.2 percent to 13.1 billion pounds, dragged down largely by foreign exchange fluctuations.
|
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Both stock and foreign exchange markets were closed on Monday for a Buddhist religious holiday.
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|
"We believe there must be some substantial revaluation for the foreign exchange policy," Osinbajo said.
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China's $28500 trillion of foreign exchange reserves enables it to prevent and minimize economic downturns.
|
|
It has said that defending the currency with foreign exchange reserves did not "seem sensible".
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Holding more than $3 trillion in foreign exchange reserves, China is a powerful global investor.
|
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This shift in oil markets could have far-reaching implications, including in foreign exchange markets.
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It eliminates foreign-exchange risk and capital charges for holding assets outside their home currency.
|
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They have resorted instead to derivatives rather than spot foreign exchange markets to take positions.
|
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China's foreign exchange reserves fell $512.66 billion in 2015, the biggest annual drop on record.
|
|
Excluding effects of foreign exchange, Match's average revenue per user was up 5% at $0.60.
|
|
In 2006, China overtook Japan to become the country with the biggest foreign exchange reserves.
|
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Both the stock and foreign exchange markets will be closed on Friday for a holiday.
|
|
If foreign exchange losses were excluded, profit would have jumped 144 percent, the company added.
|
|
Firmwide loans rose 3% to $689 billion, while deposits increased 5%, excluding foreign exchange fluctuations.
|
|
It said it found "several anti-competitive arrangements between banks in foreign exchange spot trading".
|
|
The groom's father is a principal in foreign exchange at Bank of America in Toronto.
|
|
At current foreign exchange rates, that compares to about 12.4 billion euros at DowDuPont's DWDP.
|
|
China's State Administration of Foreign Exchange took steps to resolve such issues earlier this year.
|
|
Faced with dwindling foreign exchange reserves, Pakistan desperately needs $10 billion to save its economy.
|
|
On the third test, China has not been accumulating foreign exchange reserves in recent years.
|
|
Indonesia had "more than enough" foreign exchange reserves to maintain market stability, the governor said.
|
|
Challenger banks also offer other financial services like insurance products, foreign exchange or consumer credit.
|
|
Many foreign exchange investors are increasingly betting that the bushfires will hurt the country's economy.
|
|
In November it cut about 50 jobs in its foreign exchange and fixed income business.
|
|
Market forces, however, were at work to lower the foreign-exchange value of the RMB.
|
|
Wednesday's report concentrated on practical issues like foreign exchange pricing and the effect on liquidity.
|
|
Analysts said the forecast was "very conservative" and pointed to uncertainty on foreign exchange trends.
|
|
The crisis has hammered an already struggling economy and caused a shortage of foreign exchange.
|
|
The code is a set of good market practices for the global foreign exchange market.
|
|
"The company's network of branches continues to provide foreign exchange services manually," the statement said.
|
|
It also said MUFG could raise fees on other banking services, such as foreign exchange.
|
|
But if exceptional items, largely foreign exchange gains, are excluded, results were 60 percent lower.
|
|
LAGOS, Feb 17 (Reuters) - Nigeria's foreign exchange reserves climbed to $29 billion as of Feb.
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The central bank is due to publish January foreign exchange reserves data at 1300 GMT.
|
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The platform allows trade in stocks, interest rates, foreign exchange, commodities and other asset classes.
|
|
It has the potential to be both cheaper and faster than traditional foreign exchange solutions.
|
|
"Inflation has remained under control and our foreign exchange reserves have improved significantly," he said.
|
|
Ethiopia's foreign exchange shortage is due in part to its spending big on infrastructure projects.
|
|
"It's a kind of a snowball effect," said a foreign exchange trader in Sao Paulo.
|
|
The wine industry in particular is among South Africa's "biggest foreign exchange earners," Makube said.
|
|
We manage a lot of their foreign exchange exposures and that is very strongly growing.
|
|
Anyone who might want to buy or sell debt securities or foreign exchange will benefit.
|
|
In fact, volatility looks unusually depressed across asset classes, with the exception of foreign exchange.
|
|
In global foreign exchange reserves, the euro's share rose by 1.2 percentage points to 20.7%.
|
|
Bankers say he was respected for his trading in foreign exchange, government debt and derivatives.
|
|
The country's official foreign exchange reserves stood at just above $3 trillion at the end of last year and Beijing has tightened controls over the capital account by restricting outbound investment and individual foreign exchange purchases, even within the annual quota of $50,000 per person.
|
|
China's foreign exchange reserves are sufficient to cover imports and foreign debt payments, Li said at his news conference at the end of the annual meeting of China's parliament, and added that normal use of foreign exchange by firms and individuals will be guaranteed.
|
|
A statement on the central bank's website on Saturday said some banks were authorized to trade in foreign exchange at a "rate set by agreement between the bank and the customer" and that it would fulfill the banks' foreign exchange requirements at the market rate.
|
|
Citi, the third largest U.S. bank by assets, will move its foreign exchange prime brokerage business under the same umbrella as its prime financing and securities services business - removing it from the foreign exchange and local markets unit, according to the memo viewed by Reuters.
|
|
"The positive year-over-year impact from lower operating expenses in Q1/16 was somewhat offset by lower revenue, in part reflecting foreign exchange losses compared with significant foreign exchange gains in first quarter last year," Chief Financial Officer Michael Ptasznik said in a statement.
|
|
Nanang Hendarsah, the BI official in charge of developing the money market, said the central bank will also issue a regulation to allow banks to sell structured foreign exchange hedging products, like multiple foreign exchange option contracts, to try and lower hedging costs in Indonesia.
|
|
"In Angola, the revisions reflect the expectation that a more efficient foreign exchange allocation system, increased availability of foreign exchange due to higher oil prices, rising natural gas production, and improved business sentiment would help support the rebound in economic activity," the bank said.
|
|
NEW DELHI, June 10 (Reuters) - India's foreign exchange reserves hit a record high at $363.46 billion for the week ended June 3, mostly due to the central bank taking delivery of its forward-dollar contracts and dollar buying in spot foreign exchange markets, analysts said.
|
|
According to Reuters, in a meeting held in August last year, China's foreign exchange regulator, the State Administration of Foreign Exchange, or SAFE, met with at least 20 major foreign and domestic banks operating in Shanghai, instructing them to help boost sentiment towards the yuan.
|
|
Chinese companies listed offshore usually start making foreign exchange purchases for dividend payments starting in June.
|
|
And because foreign exchange is underpriced, the central bank has been forced to limit its availability.
|
|
In foreign exchange markets, the Japanese yen rose again, gaining 0.2% to 106.04 yen per dollar.
|
|
The only class to make money was foreign exchange/currency, which rose just over 222.5 percent.
|
|
That sum will come from running down their foreign exchange reserves and Sovereign Wealth Fund holdings.
|
|
The last time the central bank intervened in the spot foreign exchange market was February 24.00.
|
|
Comparable sales, excluding impact of changes in gasoline prices and foreign exchange, also rose 1 percent.
|
|
"Diverging monetary policy between Japan and the U.S. could affect the foreign exchange market," Kuroda noted.
|
|
The scramble for foreign exchange is crippling businesses and pushing up the cost of imported goods.
|
|
LONDON, Nov 30 (Reuters) - "Buy dollars, wear diamonds" goes the decades-old foreign exchange market maxim.
|
|
He said that fundamentals, such as economic growth and foreign exchange reserves, support a stable yuan.
|
|
China's foreign exchange regulator said capital outflows dropped in the first quarter, Reuters reported in April.
|
|
BNP Paribas said the "continued rapid decline" in foreign-exchange reserves should be ringing alarm bells.
|
|
LAGOS, Jan 24 (Reuters) - Nigeria's foreign exchange reserves rose 8.9 percent to $27.49 billion by Jan.
|
|
In the foreign exchange markets, the dollar rebounded after hitting three-month lows against major currencies.
|
|
The Chinese central bank sets a daily mid-point in the country's onshore foreign exchange market.
|
|
Excluding a foreign-exchange loss, Severstal would have posted an underlying net profit of $320 million.
|
|
Meanwhile, a thriving black market in foreign exchange helps the siphoning of ill-gotten wealth abroad.
|
|
The service is now much more than a simple prepaid MasterCard with a foreign exchange feature.
|
|
It was as if the foreign-exchange market suddenly woke up to how cheap it was.
|
|
Last month, Citi combined its Foreign Exchange & Local Markets and G10 currencies businesses into one unit.
|
|
The company will then take care of the paperwork and deal with China's foreign exchange authority.
|
|
"Foreign exchange fees are the banks and credit card companies dirty little secret," says the CEO.
|
|
Markets were largely unfazed by U.S. President Donald Trump's latest criticism of China's foreign exchange policy.
|
|
Other newcomers, such as Monzo and Starling Bank, focus on domestic transactions rather than foreign exchange.
|
|
The bank said the decline was due to the reduction of net gains from foreign exchange.
|
|
Healthier snacks and sparkling water helped fuel sales growth and offset a drag from foreign exchange.
|
|
India's foreign exchange reserves surged to a record $360 billion in the week ended April 1.
|
|
The moves in foreign exchange markets were far more muted than in other asset classes, however.
|
|
What is more, the government still has a fat buffer of $3trn in foreign-exchange reserves.
|
|
SOFAZ sells dollars on the foreign exchange market in a bid to prop up the manat.
|
|
Mark-to-market gains from investment securities and lower foreign exchange losses also boosted net profit.
|
|
The potential impact of U.S. President-elect Donald Trump on foreign exchange markets added to concerns.
|
|
They included F-Pesa — a Kenyan foreign exchange app — and Nigerian installment e-commerce app CredPal.
|
|
Sri Lanka's stock and foreign exchange markets were closed on Friday for a Buddhist religious holiday.
|
|
The kwacha is likely to remain on the back foot, pressured by low foreign exchange supplies.
|
|
They take deposits from savers and businesses and provide trade financing and foreign exchange trading services.
|
|
The comment was in response to unspecified reports of new foreign exchange purchase restrictions in Shanghai.
|
|
Sri Lanka's stock, bonds, and foreign exchange markets were closed on Monday for a bank holiday.
|
|
Token holders will be able to trade spot foreign exchange and currency futures on the platform.
|
|
Revenue slipped 6 percent to $4.93 billion, although excluding foreign exchange fluctuations, revenue fell 1 percent.
|
|
He also said the central bank is constantly evaluating the ideal level of foreign exchange reserves.
|
|
Organic sales, which exclude the impact of foreign exchange and acquisitions and divestitures, increased 2 percent.
|
|
If the Fed had done nothing, there still would have been nasty foreign-exchange-related declines.
|
|
Remittance firms, which allow people to send money overseas, and foreign exchange services are also included.
|
|
The Chinese foreign exchange student is on camera simply to be the butt of the joke.
|
|
Remittances make up the second-largest source of foreign exchange receipts in Nigeria, after oil revenues.
|
|
Non-interest income surged 20.1%, helped by gains in foreign exchange income and investment banking activities.
|
|
As with other local governments in Poland, Malopolska is not allowed to hedge foreign exchange risk.
|
|
The State Administration of Foreign Exchange (SAFE) did not specify which outlets the reports came from.
|
|
"The Fed is still likely to cut rates," said Shinichiro Kadota, foreign exchange strategist at Barclays.
|
|
All suffer from weak macro policy, high foreign exchange corporate indebtedness and significant current account deficits.
|
|
COFFEE was once Kenya's biggest foreign-exchange earner, but these days the industry looks less perky.
|
|
The Fund's extra-budgetary expenditures related to the revaluation of foreign exchange totalled 838.5 million manats.
|
|
Sri Lanka's stock, bond and foreign exchange markets are closed on Monday for a special holiday.
|
|
TBILISI, Feb 7 (Reuters) - Georgia's total foreign exchange reserves rose to $2.797 billion as of Feb.
|
|
Elsewhere, in the foreign exchange market the pound was among the worst performing major currencies overnight.
|
|
Koenig said the beat was helped by new software license outperformance and lower foreign exchange impact.
|
|
The fund's extra-budgetary expenditures related to the revaluation of foreign exchange totalled 513.1 million manats.
|
|
That said, falls in the currency might be tempered by intervention in the foreign exchange market.
|
|
It also had negative impact from foreign exchange and changed the way it accounts for taxes.
|
|
News that North Korea fired a submarine-launched missile had little impact on foreign exchange trading.
|
|
These favorable trends were somewhat offset by weaker results in depositary receipts and foreign exchange revenue.
|
|
Dan Schawbel: How did being a foreign exchange student in France shape who you are today?
|
|
Between them, Germany and Switzerland account for just under 5 percent of global foreign exchange trade.
|
|
The North mainly exports coal through Dandong and other Chinese ports for badly needed foreign exchange.
|
|
The emerging market economies never seem to learn from their repeated experiences with foreign exchange crises.
|
|
Revenue slipped 2.6 percent to 1.88 billion shekels but rose 4.7 percent excluding foreign exchange effects.
|
|
However, Ethiopia has also accumulated large amounts of debt, and businesses are eager for foreign exchange.
|
|
Revenue from foreign exchange fees stood at 11.1 billion dinars, the bank said in a statement.
|
|
MUMBAI (Reuters) - The Reserve Bank of India's foreign exchange reserves fell $1.46 billion as of Feb.
|
|
The State Administration of Foreign Exchange has granted $99.5 billion worth of quotas for QFII investment.
|
|
The scale of China's foreign exchange reserve was expected to maintain stable despite fluctuations, it said.
|
|
The authorities will take swift market stabilisation measures while closely monitoring foreign exchange liquidity, it added.
|
|
Revenue dropped 1.6% to 13 billion shekels, though organic growth excluding foreign exchange effects was 2.7%.
|
|
Meanwhile, university administrators have been telling foreign exchange students to leave China as soon as possible.
|
|
Chinese banks and enterprises are critical to North Korea's access to foreign exchange, Mr. Ruggiero said.
|
|
Excess money, which will be revealed in the foreign exchange and commodity markets and bond markets.
|
|
Kenya is enjoying a stable foreign exchange rate, low inflation and a reduced current account deficit.
|
|
Poor business confidence in South Africa and foreign exchange restrictions in Nigeria have also hampered growth.
|
|
The central bank was investigating suspicions that commercial bank officials were aiding illegal foreign exchange trading.
|
|
Lew also urged China to remain clear in its communications about foreign exchange policy and implementation.
|
|
It has also intervened aggressively in the foreign exchange market to try to weaken the shekel.
|
|
The increase was boosted by foreign exchange fluctuations, but was partially offset by higher product costs.
|
|
Foreign exchange reserves have stabilized at $3.1 trillion, outflows have stabilized and the currency has rallied.
|
|
Clorox (CLX) cut its fiscal 2020 earnings outlook, due to revised assumptions about foreign exchange rates.
|
|
Clorox – Clorox cut its fiscal 2020 earnings outlook, due to revised assumptions about foreign exchange rates.
|
|
Crude and oil products were bringing in close to 90% of the country's foreign exchange earnings.
|
|
Fernandez-Aller will join the firm as cohead of the foreign exchange business alongside Denis Manelski.
|
|
S&P Global Ratings, meanwhile, said on Wednesday that Turkey's net foreign exchange reserves were "limited".
|
|
Canada issued a $3 billion five-year global bond to add to its foreign exchange reserves.
|
|
Organic revenue, which excludes the impacts of foreign exchange and other changes, grew by 2.3 percent.
|
|
The foreign exchange reserves of Africa's top crude producer were down to $24.83 billion by Sept.
|
|
Turkey's banking watchdog BBDK, in a statement, said it was limiting banks' foreign exchange swap transactions.
|
|
LAGOS, Jan 31 (Reuters) - Nigeria's foreign exchange reserves rose 8.39 percent to $27.88 billion by Jan.
|
|
"Gold and foreign exchange reserves are for other purposes," Putin told a meeting of Russian entrepreneurs.
|
|
Turkey's banking watchdog BBDK in a statement said it was limiting banks' foreign exchange swap transactions.
|
|
Pan Gongsheng, head of the State Administration of Foreign Exchange said ahead of the opening ceremony of the NPC that short-term factors would disturb the foreign exchange markets, but the yuan's value will be eventually determined by fundamental factors such as sound economic growth domestically.
|
|
"A surprise increase in foreign-exchange reserves and BNM reassuring investors that capital markets and the banking system is deep and liquid in their policy statement leaves more questions than answers," Jason Daw, a foreign-exchange analyst at Societe Generale, said in a note on Thursday.
|
|
The regulator will continue to steadily push through two-way opening of the capital account and foreign exchange, Wang said, adding that SAFE will also focus on fending off risks in cross-border capital flows and will maintain and increase the value of foreign exchange reserves.
|
|
Angola's depleted foreign exchange reserves remain a problem and can't afford to go much lower, Daves acknowledged.
|
|
A year and a half ago, China held as much as $4 trillion in foreign exchange reserves.
|
|
Few of the big emerging markets still offer foreign-exchange traders anything resembling a one-way bet.
|
|
Reuters' calculations are based on foreign exchange purchase data which the Nigerian government required banks to publish.
|
|
We've seen some volatility in Argentina, some that have very high foreign exchange exchanges and other disruptions.
|
|
The dollar was being offered for as much as 128,000 rials, according to foreign exchange website Bonbast.
|
|
But politics have moved ahead of economics as a factor in foreign exchange markets in recent weeks.
|
|
The State Administration of Foreign Exchange imposed caps on cash withdrawals overseas using China UnionPay bank cards.
|
|
Cross-border capital flows will be basically stable in future, the State Administration of Foreign Exchange said.
|
|
The Commission is currently looking into possible wrongdoing involving foreign exchange and the government sponsored bond market.
|
|
It also depletes foreign exchange reserves that could be used to support other areas of the economy.
|
|
The continent's top oil producer relies on crude sales for about 90 percent of its foreign exchange.
|
|
India was added in April after a burst in foreign exchange sales by the country's central bank.
|
|
Therefore, foreign exchange translation and transaction costs can create modest short-term swings in revenues and margins.
|
|
China's foreign exchange reserves posted their biggest annual drop on record in 2015, falling to $3.33 trillion.
|
|
Governor Lee also said stabilising the financial and foreign exchange market is the main focus for now.
|
|
China' foreign exchange reserves fell by $4.1 billion in July to $3.20 trillion, central bank data showed.
|
|
That's why Patrick Bennett, a foreign exchange strategist at CIBC, thinks the Sing won't fall much further.
|
|
Data on sight deposits and foreign exchange reserves at the Swiss National Bank due at 0800 GMT.
|
|
"In the foreign exchange market overall there's not a lot of conviction" at the moment, said Tomes.
|
|
The actual impact of foreign exchange is likely higher, as companies aren't required to report currency losses.
|
|
His controls on the prices of foreign exchange and basic goods have created shortages, rationing and inflation.
|
|
Foreign exchange fluctuations and rising commodity and transportation costs have recently eaten into profits across the industry.
|
|
But curbing declines against the dollar comes at a cost, eating into hard-earned foreign-exchange reserves.
|
|
SunTrust Robinson Humphrey analyst John Boris said he expected stronger international sales, given favorable foreign exchange rates.
|
|
Match's average revenue per user, excluding effects of foreign exchange, was also up 4 percent at $0.60.
|
|
America's Treasury makes a six-monthly assessment of the foreign-exchange policies of its big trading partners.
|
|
In 1964 came another milestone: rigid restrictions allowing overseas travel, linked to foreign exchange rules, were lifted.
|
|
The company says it anticipates the "unfavorable impact" of foreign exchange rates to be the main cause.
|
|
Fundamentals, such as fair value, seem (at last) to have greater sway in the foreign-exchange market.
|
|
It would also diversify LSE's asset class mix, expanding its business in foreign exchange and fixed income.
|
|
BEIJING, April 19 (Reuters) - China's foreign exchange regulator said on Thursday that the impact of Sino-U.
|
|
On foreign exchange, South Africa's reserves are less adequate than Turkey's on an International Monetary Fund measure.
|
|
"September is off the table," said Douglas Borthwick, managing director at Chapdelaine Foreign Exchange in New York.
|
|
Adding more details, Kudlow said China would need to report any intervention in the foreign exchange market.
|
|
Markets were watching for China's August foreign exchange reserves and the U.S. Fed Beige Book due later.
|
|
To manage this, many emerging markets accumulate foreign-exchange reserves, which can be drawn on in crisis.
|
|
They are offering current accounts and other features like zero-fee foreign exchange transactions to acquire customers.
|
|
China recently tightened curbs on outflows as its foreign exchange reserves fell to near six-year lows.
|
|
Devaluations by the so-called Asian tigers could dampen global growth even further, foreign exchange specialists say.
|
|
The MAS transfers foreign exchange to the GIC periodically but it has not previously disclosed the amounts.
|
|
On top of that, Japan has $1.3 trillion of foreign exchange reserves, mostly parked in U.S. bonds.
|
|
Capital inflows are thus needed both to finance the residual deficit and to rebuild foreign-exchange reserves.
|
|
Kengeter pointed to foreign-exchange as particularly promising, along with energy, raw materials and other commodities trading.
|
|
Like rival Coca-Cola, the global snack and beverage giant is facing foreign exchange pressure in 2019.
|
|
Foreign exchange reserves fell $210.28 billion in 210.18 to $3.33 trillion, central bank data showed on Thursday.
|
|
And while Trump cannot do much to influence foreign exchange rates, he can help Whirlpool, Cramer said.
|
|
When those assets and liabilities are not matched, they will want to eliminate the foreign-exchange risk.
|
|
S. trade negotiations, global trade tensions were also a key factor weighing on the foreign exchange market.
|
|
Foreign-exchange reserves of $13 billion are the largest in the region as a share of GDP.
|
|
When is a historically weak foreign exchange rate not a major concern for the world at large?
|
|
The new foreign-exchange regime has provided limited respite in accessing foreign currency in the interbank market.
|
|
Capital controls, huge foreign-exchange reserves and a current-account surplus help defend it from capital flight.
|
|
Cook also said foreign exchange rates would have a $2 billion negative impact on Apple's sales forecast.
|
|
The company expects about 4 points of total foreign exchange headwinds for its third quarter, Hood said.
|
|
They all complained about foreign exchange ratios that lowered the average price of the goods they sold.
|
|
Meanwhile coal, Colombia's second-largest source of foreign exchange, will remain important to the economy, Habib said.
|
|
London's global dominance in foreign exchange trading and cross-border lending has also yet to be challenged.
|
|
In March, foreign exchange reserves stood at $46.2 billion - a near 9 percent jump month-on-month.
|
|
NBAD's foreign exchange and investment income climbed 69 percent over the period to reach 283 million dirhams.
|
|
Bangladesh's planned $10 billion fund will be seeded from foreign exchange reserves over the next five years.
|
|
That is a risk even for a country with foreign-exchange reserves of more than $3 trillion.
|
|
"These two seem completely opposite to each other," said a foreign exchange desk trader in a bank.
|
|
BI has also spent billions of foreign exchange reserves to intervene in the currency and bond markets.
|
|
The guarantor hedges interest rate and foreign exchange risks between the cover assets and the covered bonds.
|
|
It's worth noting that general foreign exchange fees are typically around 4 percent with bank wire transfers.
|
|
Foreign exchange ADV currently stands at just over $2000 trillion, according to the Bank for International Settlements.
|
|
Software licenses rose by 7.05 percent to 223 billion euros, excluding the effect of foreign exchange rates.
|
|
"Foreign-exchange rates used to be a big factor on summer travel," one sell-side analyst said.
|
|
The bank will continue to intervene in the foreign exchange market to sustain liquidity, the statement said.
|
|
Under his watch, foreign exchange has been banned for imports of 41 items, including glass and wheelbarrows.
|
|
The efforts helped the company's organic sales, which excludes acquisitions, divestitures and foreign exchange impact, rise 2.4%.
|
|
State control over investment, technology transfer and foreign exchange was vastly greater than in other developing countries.
|
|
" MAZEN ISSA, SENIOR FOREIGN EXCHANGE STRATEGIST, TD SECURITIES, NEW YORK: "It's causing a little bit of havoc.
|
|
"The main consideration of foreign exchange reserves management is not profitability, but safety and liquidity," he said.
|
|
Sri Lanka's stock and foreign exchange markets will be closed on Friday for a Buddhist religious holiday.
|
|
Foreign-exchange trading for the Group of 10 nations ranked as high as fourth, the data showed.
|
|
J.P. Morgan says foreign exchange deposits into Singapore's banks have ramped up "quite sharply" in recent months.
|
|
Foreign exchange effects impacted operating profit negatively by 10 million francs, the company said in a statement.
|
|
"The discussions and debates around trade policy have not necessarily involved foreign exchange so far," he said.
|
|
The drying up of Gulf funds now threatens the foreign exchange flows on which Lebanon's banks depend.
|
|
In Mexico, these incidents can seem as relevant to the current negotiations as foreign-exchange markets do.
|
|
She oversees coverage of the foreign exchange markets in the Americas, and he is an executive editor.
|
|
The central bank has burned through more than half its foreign exchange reserves trying to support it.
|
|
Deutsche Bank's head of foreign exchange and emerging market debt trading, Ahmet Arinc, is leaving the bank.
|
|
The lender attributed the drop to lower investment and trading proceeds as well as foreign exchange fluctuations.
|
|
This summer, the government also agreed to host up to 150 Syrian refugees as foreign exchange students.
|
|
Issuing a global bond provides funds to supplement and diversify Canada's foreign exchange reserves, the government said.
|
|
For ordinary Turkmens, lower export revenues have manifested themselves in foreign currency shortages and foreign exchange restrictions.
|
|
This year's results, on the flip side, were hampered by changes in foreign exchange rates, he said.
|
|
He is also chairman of UAE Exchange, the largest remittance and foreign exchange business in the UAE.
|
|
Loomis said it had terminated its foreign exchange business with Danish exchanges at the end of 2018.
|
|
The foreign exchange market is currently dominated by money flowing from corporate and hedging activity, Galy said.
|
|
The rapidly expanding agriculture sector is Kenya's biggest foreign exchange earner and a big source of jobs.
|
|
Excluding effects of foreign exchange, Match's average revenue per user was also up 4 percent at $0.60.
|
|
Measures imposed by the central bank to restrict access to foreign exchange have been backed by Buhari.
|
|
ARPU rose 9% year over year last quarter on an adjusted basis, excluding a foreign exchange impact.
|
|
The final cost depends on factors such as the oil price, foreign exchange rates and technological progress.
|
|
Tourism is among Kenya's leading foreign exchange earners, bringing in 163.56 billion shillings ($1.56 billion)last year.
|
|
He was also the head of the State Administration of Foreign Exchange (SAFE) from 2009 to 2016.
|
|
Crude oil sales make up around 90% of foreign exchange earnings in Nigeria, Africa's top oil producer.
|
|
Foreign loans and grants are a key source of foreign exchange for East Africa's third-largest economy.
|
|
Sabika Sheikh, 17, a foreign exchange student, would never get to reunite with her parents in Pakistan.
|
|
While limited in scope, the bank's Shanghai foreign exchange restrictions are more than just a symbolic step.
|
|
Revenue slipped 3 percent to $4.81 billion, although excluding foreign exchange fluctuations, it fell just 21.32 percent.
|
|
Sri Lanka's stock and foreign exchange markets will remain closed on Monday for a Buddhist religious holiday.
|
|
Nigerian banks have been hammered by a shrinking economy, a plunging currency and acute foreign exchange shortages.
|
|
Kenya is enjoying a stable foreign exchange rate, low inflation and its current account deficit has fallen.
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While the foreign exchange market was open in the United States, many traders took the day off.
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The victim is a 24-year-old foreign exchange student from Saudi Arabia attending Portland State University.
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France's BNP Paribas, Germany's Commerzbank and Portugal's BCP all have foreign-exchange denominated mortgage portfolios in Poland.
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Here's the simple version: The value of the dollar in foreign-exchange markets is just a price.
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Such limited global interest could hurt Saudi Arabia's ability to list additional shares on a foreign exchange.
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Foreign exchange held by Turkish locals rose to a record high of $193.69 billion as of Sept.
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Yi also served as head of the State Administration of Foreign Exchange (SAFE) from 2009 to 2016.
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Jarvis added that Egypt's foreign exchange rate was more depreciated than the fund expected given the fundamentals.
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Algorithmic trading, common in equity and foreign exchange markets, could take off in fixed income, Greenwich said.
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Turkey earlier said it was limiting banks' foreign exchange swap transactions but it wasn't implementing capital controls.
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The party favors restrictions on foreign ownership and more central bank intervention in the foreign exchange market.
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Revenue edged up 5.2 percent to 1.9 billion shekels but rose 11 percent excluding foreign exchange effects.
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Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, is concerned about the decline.
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The State Administration of Foreign Exchange also did not immediately respond to an emailed request for comment.
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Crude oil sales make up around two-thirds of government revenue and the majority of foreign exchange.
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"It's due to political uncertainty," said Marc Chandler, head of foreign exchange strategy at Brown Brothers Harriman.
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U.S. families can thank higher commodity prices, shipping expenses and foreign exchange rates for the price hikes.
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Exante says that of the largest 25 players in foreign exchange markets, more than half are clients.
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Since 1980, the dollar's share of foreign exchange reserves has held roughly steady at around 66 percent.
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The regulators will focus on the opening of U.S. stock exchanges and foreign exchange trading, officials said.
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The council blacklisted North Korea's primary foreign exchange bank, the Foreign Trade Bank, in August last year.
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Recent data showed net foreign exchange sales by China's commercial banks in August fell to the lowest in about a year, but net foreign exchange sales by the People's Bank of China in August hit the highest in six months, as the central bank sought to support the yuan.
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Capital outflows from China have begun to ease, according to recent data from the State Administration of Foreign Exchange (SAFE), with net foreign exchange sales by commercial banks in March only slightly up at $36.4 billion, and considerably lower than $54.4 billion in net sales earlier in January.
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Analysts said an important consideration behind the Chinese government's decision to impose more vigilant checks on outbound investment deals was to safeguard Beijing's foreign exchange reserves after the world's largest stockpile of foreign exchange fell by $837 billion from its $3.99 trillion peak at the end of June 2014.
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The U.S. Treasury, as part of its semiannual report on foreign exchange policies of major U.S. trading partners, said it was "concerned" by recent analysis from the U.S. Council of Foreign Relations "suggesting that Taiwan may have engaged in substantial undisclosed foreign exchange intervention in the swap market".
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Deleveraging beyond 2018 is forecasted given an expected recovery in operational cash flows although foreign-exchange risk remains.
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Crude sales account for more than 90 percent of foreign exchange earnings and two-thirds of government revenue.
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"In the December quarter alone, the foreign exchange impact was $6 billion to our revenue line," he said.
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Han is the Moscow-based chief representative of Foreign Trade Bank (FTB), North Korea's primary foreign exchange bank.
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And based on trends in early April it overestimated the fiscal-year-end foreign-exchange reserves by $3bn.
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The government may tap its foreign exchange reserves account to fund part of the package, the sources said.
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Crude oil sales make up two-thirds of Nigeria's government revenues and most of its foreign exchange earnings.
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Ishihara also said financial market moves, including foreign exchange, have been rough since the start of the year.
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Azerbaijan in December floated the manat, after burning through more than half its foreign exchange reserves last year.
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"A lot of drain on the foreign exchange is from the need to buy imported fuel," he said.
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Foreign-exchange reserves, say, are slim relative to the scale of local-currency assets held by flighty investors.
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Reported results were negatively affected by foreign exchange movements against CKHH's reporting currency of the Hong Kong dollar.
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Reported results were negatively affected by foreign-exchange movements against CKHH's reporting currency of the Hong Kong dollar.
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Turning to the dollar, HSBC's foreign exchange strategist said these effects will all drive the U.S. currency higher.
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You'll pay 0.4% on foreign exchange and £3 per international transfer, but there's no top-up limit anymore.
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This, coupled with foreign exchange rate risks, could have a negative impact on the profitability of Kazakh companies.
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With huge infrastructure projects the priority, the central bank is frugal when doling out foreign exchange on imports.
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In foreign exchange, the rand was stable, retreating only slightly from a three-week high touched on Friday.
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Kenya is the world's leading exporter of black tea, which is one of its major foreign exchange earners.
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Ethiopia suffers from massive debt and faces an acute foreign exchange crisis after exports fell short of targets.
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On the trade front, analysts are also keeping an eye Chinese foreign exchange reserves, scheduled for release overnight.
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Revenue growth remained overall subdued and negatively affected by foreign exchange fluctuations, but was strongest in insurance operations.
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The People's Bank of China said it would take counter-cyclical measures to keep foreign exchange markets stable.
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"The market's a little bit soft, for sure, but secondarily, foreign exchange and commodity prices, and specifically memory."
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It overlaps with other data and, in some cases, allows for double counting of commercial foreign exchange assets.
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The reshuffle of the composition of foreign exchange data, however, brings the PBOC into line with international practice.
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ANZ's institutional business involves services such as trade financing, foreign exchange and cash management, mostly for corporate clients.
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The bank said in a statement that the measure is aimed at discouraging growth of foreign exchange liabilities.
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He became a foreign exchange broker at 17 and was a power player at Lehman Brothers by 24.
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China's reserves of foreign exchange dropped to under $3trn in January, the lowest level in nearly six years.
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Organic sales - excluding M&A and foreign exchange impact - rose 4 percent on strong sales of Pringles snacks.
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Total Chinese foreign exchange reserves currently are reported at $3.1 trillion, according to the International Monetary Fund (IMF).
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That means looking at index, data and analytics businesses, as well as foreign exchange and commodities, he said.
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Egypt's foreign exchange reserves more than halved to $16.56 billion in March from around $36 billion in 2011.
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Ralph Lauren said it expects fiscal 2020 revenue, excluding fluctuations in foreign exchange, to rise 2% to 3%.
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On foreign exchange markets, the euro fell 1.5% to a 20-month low of $1.0503 before recovering slightly.
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Last month it announced plans to extend its profit-sharing scheme to foreign-exchange derivatives and repurchase agreements.
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It calls for potentially doubling U.S. annual agricultural exports to China, and addresses some Chinese foreign-exchange issues.
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The foreign-exchange regime, which allocates currency to industries the government wants to support, is riddled with graft.
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The launch date for a similar 30-minute extension for foreign exchange trading hours will also be Aug.
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"Dollar traders were not impressed," said Kathy Lien, managing director for foreign exchange strategy at BK Asset Management.
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And we did that because we didn't want to expose our customers to huge swings in foreign exchange.
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"What a panic situation," said Kaneo Ogino, director at foreign exchange research firm Global-info Co in Tokyo.
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Analysts said that was a sign the foreign-exchange market was calling the debate a win for Clinton.
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The China Foreign Exchange Trade System, a unit of China's central bank, was not immediately available for comment.
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In August, the dollar value of China's foreign-exchange reserves increased for the seventh month in a row.
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The central bank is due to publish the level of foreign exchange reserves in August at 1200 GMT.
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These foreign-exchange reserves have grown from $1 trillion in 1995 to a staggering $11 trillion in 2016.
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And their arrival will push down account charges and fees for extras such as overdrafts and foreign exchange.
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They think speculative markets in commodities and foreign exchange futures serve a useful purpose for the real economy.
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Foreign exchange gains are also likely to add "a few billion yuan" to each carrier's earnings, analysts said.
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The agreement should help bring greater stability to foreign exchange and capital markets in India, the statement added.
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Premium accounts get unlimited interbank foreign exchange when you spend, transfer and exchange money with your Revolut account.
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His nation is impoverished, people are going hungry, and he could soon run out of foreign exchange reserves.
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There's no clear winner in the foreign exchange space as big players like TransferWise only cover some currencies.
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So foreign exchange gains have helped cushion some of the blow to Canadian oil producers and mining companies.
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"In the December quarter alone, the foreign exchange impact was $5 billion to our revenue line," he said.
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Reliance on crude oil sales for around 90% of foreign exchange earnings led to neglect of other sectors.
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"It means that there's a little less pressure on foreign exchange," he told CNBC's "Squawk Box" on Monday.
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UAE Exchange bought Travelex, the world's largest foreign exchange specialist, in 2016 for 800 million pounds ($1.03 billion).
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It has also been in talks with Deutsche Boerse about selling its foreign exchange electronic trading platform FXall.
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High foreign debt exposure ups gearing, and consequently capital (and foreign-exchange) volatility to rising global interest rates.
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The G7 leaders are also expected to reaffirm their previous commitment to stability in the foreign exchange market.
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But we can't get past the Judy Funnie meets "our dream foreign exchange student character on Daria" vibes.
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Citigroup's corporate bank provides cash management, foreign exchange, derivatives and financing to corporations, banks and public sector clients.
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Major state-owned banks were seen selling dollars in the onshore foreign-exchange market, according to three traders.
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Organic growth - adjusted for factors including foreign exchange rates, new accounting rules and capital gains - was 3.8 percent.
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Weaker currencies in Uganda, Tanzania and Kenya last year drove up prices and led to foreign exchange losses.
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"We are active in the foreign exchange market at all market hours," Maechler said, according to prepared remarks.
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Underlying earnings, excluding non-cash impairments and the impact of foreign exchange, slumped 94 percent to $26 million.
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His comments jolted a somnolent foreign exchange market, where the greenback had held steady against most major currencies.
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The finance ministry is expected to publish the volume of foreign-exchange purchases for February on Feb 5.
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"The dollar is vulnerable to downside," said Douglas Borthwick, managing director at Chapdelaine Foreign Exchange in New York.
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However, organic revenue - a widely watched measure that excludes fluctuation in foreign exchange rates and mergers - rose 2.8%.
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It would also deter foreign investors, worsening the short-run foreign-exchange picture and long-run growth prospects.
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The central bank will soon publish rules for foreign exchange auctions to intervene in spot and forward markets.
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Our financial markets are among the most stable while our currency is appropriately priced in foreign exchange markets.
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The enforcement directorate has ordered an investigation into Ringing Bells possible breach of the Foreign Exchange Management Act.
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The Bank of International Settlements estimates global spot foreign exchange market turnover at around $2 trillion per day.
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The stock, bond, and foreign exchange markets were closed on Wednesday for Diwali, the Hindu festival of lights.
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Separately, China's foreign exchange reserves rose for a fifth straight month in March, with the increase exceeding expectations.
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This could replace some imports, as well as provide the foreign exchange needed to pay for the rest.
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These involve, among others, car parts, air freight and financial benchmarks, such as LIBOR and foreign-exchange rates.
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Any trade hit would likely prompt a response from the Bank of Canada and the foreign-exchange market.
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The government said a weak currency and insufficient foreign exchange had hampered its ability to finance drug imports.
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"China's management of foreign exchange reserves is based on the principle of liquidity, safety and profitability," Yi said.
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The current environment for carry is "textbook", says Andreas Koenig, head of foreign exchange at Amundi Asset Management.
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Oil is Colombia's top export and source of foreign exchange, accounting for around a fifth of national income.
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A move to using gas could reduce the drain on foreign exchange that importing refined oil products requires.
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The FBI charged HSBC's global head of foreign-exchange cash trading with fraud in a currency-trading deal.
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Price controls have made growing sugar cane unprofitable and the country suffers from a shortage of foreign exchange.
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The central bank last month sold a net $55.4 billion worth of foreign exchange, the highest since January.
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Speaking at an event in São Paulo, he reaffirmed that the central bank has no foreign exchange target.
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Sri Lanka's stock, bond and foreign exchange markets will be closed on Thursday for a Buddhist religious holiday.
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Sheng argued that the central bank has been diversifying its foreign exchange reserves investment away from U.S. debt.
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Complex global supply chains and floating foreign exchange rates are among factors cited for the diminished Phillips relationship.
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In March the country's foreign-exchange reserves were not sufficient to pay for two months' worth of imports.
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Santander has launched a foreign exchange service that uses blockchain technology to make same-day international money transfers.
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The company, which owns the Reuters foreign exchange brokerage platform RTSL, said an outlying trade had been cancelled.
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The company had hedged 66% of its US dollar exposure through foreign-exchange forward swaps at end-0003.
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Gurus of the foreign-exchange markets agree that 2018 is likely to be another year of modest decline.
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Google, too, is still not immune to what's happening with foreign exchange rates and the general global economy.
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"Therefore, we can avoid from using excessive foreign exchange reserves to intervene in the forex market," Yu said.
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In foreign exchange, the dollar index, which tracks the greenback against a basket of currencies, stood at 94.063.
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Foreign exchange strategists in the poll lowered their outlook for Latin American major currencies from a month ago.
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With foreign exchange reserves at $3.1 trillion - the world's largest - China has the capacity to defend its currency.
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That review followed an internal review by the bank that led to the firing four foreign-exchange bankers.
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It sees unfavourable foreign exchange rates as having a 4-6 percent negative impact on the earnings number.
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To avoid the designation, the Reserve Bank of India may be looking to reduce its foreign exchange purchases.
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Rosenfeld told CNBC the recovery of emerging markets' economies and stabilizing foreign exchange helped Mondelez in the quarter.
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Sales and trading revenues also rose 22% for equities, but fell 12% for foreign exchange, rates and credit.
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The Enforcement Directorate, which investigates frauds involving foreign exchange transactions, was also conducting a probe, Mint newspaper said.
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The koruna exchange rate would thus now move according to supply and demand on the foreign exchange market.
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Euromoney's annual poll, watched closely by the foreign exchange industry, has traditionally been dominated by the big banks.
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Georgia's foreign exchange reserves rose to $2.569 billion as of June 1 from $2.457 billion a month earlier.
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Foreign exchange reserves had declined $13.7 billion from February through July, as BI sought to stabilise the rupiah.
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IAG Chief Executive Willie Walsh said they were "strong results despite significant fuel costs and foreign exchange headwinds".
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Unfavorable foreign exchange rate movements will likely continue to hamper reported top-line growth in the near term.
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ZURICH, Jan 7 (Reuters) - The Swiss National Bank's foreign exchange reserves fell last month, data showed on Thursday.
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Rating concerns include increased leverage driven by past domestic borrowing for shareholder initiatives combined with foreign exchange headwinds.
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