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Rupee down by 3 paise against US dollar in early trade Mumbai, Apr 7 (PTI) The Indian rupee fell marginally by 3 paise to Rs 44.20 against the US dollar in early trade on the Interbank Foreign Exchange today, weighed down by a weak trend in the stock market, but steady FII inflows restricted the losses. The rupee had strengthened by 25 paise to close at a five-and-half month high of Rs 44.17/18 per dollar in the previous session, buoyed by healthy … Read more on PTI via Yahoo! India News FX Headlines: ECB Hikes Rates, BoE Keeps Rates on Hold As expected, the European Central Bank increased their key interest rate to 1.25 percent, while the stumbling British economy has forced…. Click Here to Read More

Forex: EUR/JPY bounces at 116.70 and breaks above 117.50 FXstreet.com (Barcelona) – Euro Yen pullback from 117.50 high on early Asian session found support at 116.70 ahead of the European session opening, and the pair bounced up on generalized Euro Read more on Nasdaq GBP/USD Performance Chart as at 5:00 p.m. Singapore time, 1/04/11 Forex Focus is  brought  to you by IG Markets -  Forex Trading   Read more… Read more on The Edge…. Click Here to Read More

US Dollar and Japanese Yen Likely to Fall Further Continued Japanese Yen and US Dollar declines have been met with fairly aggressive crowd buying, giving contrarian signal to sell into USD and JPY declines. Read more on Daily FX Icap sees results in line with expectations LONDON (MarketWatch) — U.K. inter-dealer broker Icap PLC said Thursday that its results for the fiscal year should be in line with prior expectations after a “solid performance” in the fiscal fourth-quarter. The group said political and economic uncertainties in the Middle East and North Africa as well as the disaster in Japan have contributed to volatility in financial markets and that its … Read more on…. Click Here to Read More

Rupee falls by 16 paise on strong dollar demand Mumbai, Mar 28 (PTI) The rupee snapped its six-session winning streak today faling by 16 paise against the US currency due to fresh dollar demand from importers despite bullish equities and increased capital inflows. Read more on Press Trust of India USD/CHF Classical 03.28 USD/CHF: The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Read more on Daily FX Euro touches 4-1/2 month high vs sterling LONDON, March 28 (Reuters) – The euro rose to touch itshighest in four and a half months against sterling on Monday,with traders saying it was lifted…. Click Here to Read More

Portugal rejects austerity, PM to quit Portugal has again voted against renewed austerity measures, prompting the resignation of the nation’s PM. Read more on BigPond News Portuguese PM quits after MPs reject austerity plan Portuguese Prime Minister Jose Socrates resigned on the eve of a key EU summit on the eurozone debt crisis after parliament rejected his new austerity plan, increasing Lisbon’s chances of seeking a bailout. Read more on Brisbane Times Egypt Stock Market Resumes Plunge After Reopening Egypt’s stock market plunges for second time in 2 days after its reopening following uprising Read more on ABC…. Click Here to Read More

Forex: GBP/USD, 1.6125 key level to watch – Charmer Charts FXstreet.com (Barcelona) – GBP/USD has been trading on a weaker tone through the Asian session. Following the meritorious rebound from lows at 1.5875, the price could barely overstretch a few Read more on Nasdaq European stocks plunge on Japan crisis; DAX tumbles 4.8% Forex Pros – European stock markets plunged on Tuesday, as mounting fears over Japan’s escalating nuclear crisis sparked a global selloff in equities, while U.S. futures indexes pointed to a Read more on Nasdaq Forex: AUD/USD hovers around 1.0100 FXstreet.com (Barcelona) – Aussie is back approaching 1.0110 with hourly indicators heading south after…. Click Here to Read More

Dollar hits all-time low against yen The dollar hit an all-time low against a strengthening Japanese yen on Wednesday, as global uncertainty and the prospect of more cash flowing into Japan pushed its currency higher. Read more on CNN Money Economists Bemoan Brazil Interest Rates to Central Bank Brazil’s top economists doubt the country’s mix of tight monetary and fiscal policy will work to kee Read more on Forbes Australian Dollar Plunges-Nears January Low The long awaited break may be underway in the AUDUSD. A drop under 9803 would shift focus to the December 2010 low (9537) and 200 day average. Short term resistance comes in at 9925 and 9970. I continue to favor short…. Click Here to Read More