Low liquidity drives fresh emerging markets forex sell-off

Low liquidity drives fresh emerging markets forex sell-off

Low liquidity was one of the drivers behind some of the most volatile trading in the forex market this year, as the equities rout and the commodities
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Peru central bank sells $50 mln, sol slips to new 9-yr low

LIMA, Aug 24 (Reuters) – Peru’s central bank sold $50 million in the local spot market on Monday but the sol currency weakened 0.21 percent to finish trading at 3.276/3.280 per dollar – its lowest in…

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USD/CAD remains volatile, rebounds from 1.3150

FXStreet (Córdoba) – USD/CAD is trading back above 1.3200 and near multi-year highs as crude oil approaches again the lows. The pair peaked earlier at 1.3287, the highest level in 11 years and then reversed and dropped quickly to 1.3140, hitting a fresh daily low. From the lows it bounced back abovSee Original Article

Now it is all about Lockhart; change of tone now? – Rabobank

FXStreet (Guatemala) – Analysts at Rabobank noted that there is very little data releases have been scheduled today with only the release of the Chicago Fed activity index likely to be of any interest. Key Quotes:”The Fed’s Lockhart is due to make a speech late in the session.””Lockhart indicateSee Original Article

UPDATE 1-Britain says Iran sanctions could be lifted next spring

UPDATE 1-Britain says Iran sanctions could be lifted next spring

TEHRAN, Aug 24 (Reuters) – British Foreign Secretary Philip Hammond said on Monday he expected sanctions on Iran could start to be lifted as early as Spring next year.

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Germany sees limited fallout from China economic slowdown

BERLIN, Aug 24 (Reuters) – Germany sees only limited consequences for its economy, Europe’s largest, from an economic slowdown in China, an Economy Ministry spokeswoman said on Monday.

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Jaitley says China devaluation may have transient impact on India

NEW DELHI, Aug 24 (Reuters) – The devaluation of the Chinese yuan currency may have a transient impact on India, Finance Minister Arun Jaitley said on Monday.

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EUR/USD: Why is the buck getting bludgeoned?

So much for a late summer weekend at the beach to help calm traders' nerves. The massive wave of risk-off trade from Friday has carried over into the
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Chile peso slips to new 12-year low, breaks 700 per dollar barrier

Chile peso slips to new 12-year low, breaks 700 per dollar barrier

SANTIAGO, Aug 24 (Reuters) – Chile’s peso currency zipped past the 700 per U.S. dollar level Monday morning, to a new 12-year low, pressured by tumbling prices for copper, the South American nation’s…

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WRAPUP 2-China stocks give up year's gains as "national team" stays on bench

* Market disappointed by failure to cut bank reserve requirements

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EMERGING MARKETS-Emerging assets hit new multi-year lows on China contagion

LONDON, Aug 24 (Reuters) – Contagion from China’s equity malaise spread across emerging markets on Monday, driving a 4 percent tumble in the benchmark equity index while currencies fell 1-2 percent…

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Trade Idea: AUD/USD – Stand aside

Aussie dropped again today and previous support at 0.7216 was penetrated, suggesting medium term downtrend is still in progress and downside risk
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Markit acquires DealHub to enhance Forex offering

Markit acquires DealHub to enhance Forex offering

The acquisition will enable Markit to offer customers a comprehensive solution for Forex across venue connectivity, trading services, trade confirmation
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Yen at 3-month high vs dollar, euro eyes $1.15

LONDON, Aug 24 (Reuters) – The safe-haven yen jumped 1.3 percent to a three-month high against the dollar on Monday, as a sell-off in riskier assets gathered pace on growing worries about a slowdown…

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Britain says Iran sanctions could be lifted next spring

TEHRAN, Aug 24 (Reuters) – British Foreign Secretary Philip Hammond said on Monday he expected sanctions on Iran could start to be lifted as early as Spring next year.

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Rupee's rout: Here's why RBI should be careful before opening the forex warchest

During this time, India's forex reserves werent adequate, prompting the central bank to resort to other measures, like increasing margin money on
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