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Share tips & currency updates : Cracking a 2-day losing streak, the INR(rupee) went high by 18 paise to 66.75 in early trade on yesterday, as Asian currencies recovered amid reports that the Chinese central bank, PBoC, was intervening to support the tumbling yuan.

Trading in currency is the largest market on the planet. The magnitude of trading in currency exceeds all other equity markets in the world combined.

Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the latter part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000.trade4target systems are simply systems that base trades off of breakouts of recent consolidation areas.Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code "XAU"). The following table sets forth the gold price versus various assets and key statistics:

RBI launches New Digital Currency in India, in 2022, with an aim to provide an alternative to physical cash & develop the next-generation financial system of India.

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European currency gains on Wednesday helped Copper and peers maintain this week gains. Favoring the prices was the news of People Bank of China assistance to the economy.

The six member ECB or European Central Bank Executive Board and governors of 16 euro zone central banks would vote on where to set the interest rates. These short-term interest rates deeply influence currency valuations.

Shares of wind-energy major Suzlon Energy were down over 3% after the company after market hours Tuesday informed that it is seeking four-month extension of its Zero Coupon foreign currency convertible bonds due October 2012.

The rupee rose by 15 paise to 55.19 against the dollar in early trade today on the Interbank Foreign Exchange as the American unit weakened against euro and other currencies overseas.

Shares of wind-energy major Suzlon Energy were down over 3% after the company after market hours Tuesday informed that it is seeking four-month extension of its Zero Coupon foreign currency convertible bonds due October 2012.

Mario Draghi, chief, ECB, dismissed the talk of currency war but said he is watching the euro. Speaking at the European Parliament, he said that he expected the eurozone economy to recover this year although downside risks remain. He also warned that exchange rate is important for growth and stability. The euro remained unchanged above 1.33 to the dollar. The dollar index held above 80.50 levels. The yen continued to remain under pressure.... Get Full Report here- http://onlinetradingttips.blogspot.com

With rupee weakening against dollar Gold on the MCX is exhibiting a flat trend. Indian currency dropped by 23 paise to 53.10 against the dollar in early trade on Thursday.

The rupee fell by 24 paise to 53.80 against the dollar in early trade on Monday at the Interbank Foreign Exchange on month-end demand for the American currency from oil importers.

The rupee fell by 24 paise to 53.80 against the dollar in early trade on Monday at the Interbank Foreign Exchange on month-end demand for the American currency from oil importers.

The rupee rose by 9 paise to trade at fresh two-week high of 55.27 against the US currency in early trade on Monday on persistent dollar selling by exporters and some banks.

The rupee rose by 15 paise to 55.19 against the dollar in early trade today on the Interbank Foreign Exchange as the American unit weakened against euro and other currencies overseas.

The rupee rose by 9 paise to trade at fresh two-week high of 55.27 against the US currency in early trade on Monday on persistent dollar selling by exporters and some banks.

Being profitable in Forex requires a lot of work, dedication, practice, more than a good discipline, sharp knowledge of money management and understanding of the psychology of the currency market.

Shares of wind-energy major Suzlon Energy were down over 3% after the company after market hours Tuesday informed that it is seeking four-month extension of its Zero Coupon foreign currency convertible bonds due October 2012.