Foreign Exchange News Results

  • Danone 3Q Sales Boosted By Exchange Rate Impact -- Currency Comment

    Danone SA's (GPDNF) third-quarter sales were boosted by the appreciation of the Chinese renminbi, the Mexican peso and the British pound against the euro, while the U.S. dollar and other emerging currencies remained stable. The French food company said quarterly sales of 6.16 billion euros benefited from the positive impact of an exchange rate of 0.8%. Sales were up 3.8% organically on year, driven by 4.6% in value and 0.8% in volume.

  • Singapore Central Bank Surprises With Policy Tightening -- Update

    Singapore's central bank unexpectedly tightened its currency policy to cushion against inflationary pressures arising from strengthening global demand amid a global supply-chain crunch. The Monetary Authority of Singapore said Thursday that it will "slightly" increase the slope of the Singapore dollar nominal effective exchange rate policy band from the current slope of zero. Twelve of the 14 economists polled by The Wall Street Journal had expected the central bank to...

  • China's Forex Reserves Fell in September

    China's foreign-exchange reserves fell $31.5 billion in September from a month earlier, official data showed Thursday, as capital inflows rose and other currencies in the country's reserves weakened due to the dollar's appreciation. The nation's forex reserves--the world's largest--stood at $3.200 trillion at the end of September, down from $3.232 trillion at the end of August, according to the People's Bank of China. Economists polled by The Wall Street Journal had...

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