Friday News Summary

China forex reserves climb for fifth straight month – Financial Times

China’s foreign exchange reserves expanded for the fifth straight month in June to hit their highest level since October 2016. Data from the People’s Bank of China (PBoC) show reserves crept up to $3.056tn last month, up $3.22bn in the month, but just … Read More…

FOREX-Dollar gains against yen as Bank of Japan boosts bond buying – Reuters

TOKYO, July 7 The dollar gained in Asian trading on Friday, getting a leg up against the yen after the Bank of Japan increased its purchases of Japanese government bonds in a move aimed at stemming a rise in yields. The dollar was on track for weekly …Daily MailForexLive Read More…

Report: Malaysian involved in RM19 billion forex scam in China – Free Malaysia Today

PETALING JAYA: A Malaysian man is said to have been involved in a large-scale forex investment scheme which is believed to have received some RM19 billion from 400,000 investors in China within six months, China Press reported. However, the scheme …Coconuts Read More…

Asian markets pressured after softer US close and rise in bond yields – CNBC

Stocks in Asia were softer in Friday trade following the weaker close stateside and as global bond yields rose overnight. The Nikkei 225 declined 0.11 percent and the Kospi was off 0.25 percent. Down Under, the S&P/ASX 200 tumbled 1.29 percent, with … Read More…

Forex reserves rise to $21.36bln – The News International

KARACHI Pakistan’s foreign exchange reserves rose slightly to $21.367 billion during the week ended June 30 from $21.358 billion a week ago, the central bank said on Thursday. However, the forex reserves held by the State Bank of Pakistan fell $233 … Read More…

CySEC Reminds Cyprus CIFs of Amended Forex Regulations in Poland – Finance Magnates

Poland’s financial regulatory body, the Polish Financial Supervision Authority (KNF), has recently announced another tranche of regulation reforms pertaining to investment firms offering brokerage services in the country’s forex market. The modified … Read More…

HDFC Bank expands forex offering in AP, Telangana – Times of India

With Hajj Umrah Forex card, we are offering pilgrims to Hajj and Umrah a customised product to suit their ever-evolving requirements. They can make payments in a safe and easy manner, and also avail of the exclusive deals offered on the card. Further … Read More…