Shah Rukh Khan summoned for the THIRD time for Forex violation!

Shah Rukh Khan summoned for the THIRD time for Forex violation!

This would be the second round of questioning of SRK by ED after 2011 on the KRSPL deal for the alleged forex violation of around Rs 100 crore.
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NZD/USD stalls recovery just below 0.6800

FXStreet (Mumbai) – The NZD bulls jump back into the bid ahead of the US open, now driving NZD/USD towards 0.68 barrier on the back of a renewed selling seen in the US dollar.NZD/USD breaks through hourly 200-SMACurrently, the NZD/USD pair trades 0.06% higher at fresh session highs of 0.6794, havingSee Original Article

USD/CHF fast approaching 2-1/2 month highs

FXStreet (Mumbai) – The offered tone on the CHF once again gathered pace in Europe, pushing the USD/CHF higher and closer to its highest level since August 12. Resistance at 0.9844The spot is within touching distance from the resistance at 0.9844 (Sep 25 high). The bid tone on the pair appears stronSee Original Article

UK GDP going through summer slowdown – ING

FXStreet (Delhi) – James Knightley Senior Economist at ING, notes that the UK business surveys suggested that growth slowed in 3Q15 with sterling strength and external weakness hurting exports and a wet summer dampening consumer spending. Key Quotes“This is mainly due to the deterioration seen iSee Original Article