Monthly Archives: August 2015

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