LONDON - THE global economic crisis has driven investors to the forex markets where turnover has soared to a staggering four trillion dollars a day - equal to what Germany produces in a year. Overall, daily global foreign exchange market turnover grew 20 percent to some four trillion dollars (S$5.3 trillion) by April 2010 from 3.3 trillion dollars three years earlier, according to a Bank of ...
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Shanghais foreign-exchange market should control price setting for Chinas yuan, Zhang Jianhua , director of the research department at the Peoples Bank of China, said today.
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A rise in foreign portfolio investment and overseas remittance in Vietnam over the first six months has significantly increased supplies on the foreign exchange market, the central bank said Monday.
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