In currency trading, the peso was slightly lower against the U . S . dollar in heavy morning trading, weighed down by banks maintaining their U . S . currency positions, traders said.
22.
As currency traders know roughly how much holding a currency position will make or cost on a daily basis, specific trades are put on based on this; these are referred to as carry trades.
23.
Describing MTC as being lucky, Cameron said the company took a decision early last year to hedge its currency position throughout 1997 when the ringgit was at RM2 . 47 to the US dollar.
24.
Firstly-- as a consequence of the crisis in Thailand-- some companies in Indonesia started to cover part of their open currency positions, in view of the increased uncertainty about the expected depreciation level of the rupiah.
25.
Edward Bartholomew of J . P . Morgan's index group said he began work on the index only after noticing U . S . investors " running real dedicated money, not just dabbling in local currency positions ."
26.
In other European currencies, the dollar fell sharply against the Swiss franc, a movement that may have found impetus in the euro's strength against the dollar as well as some unwinding of other currency positions involving the franc, analysts said.
27.
Following recent U . S . economic data that some market participants viewed as grounds for cautious optimism of a U . S . economic recovery, analysts found little in the Fed statement to warrant a significant readjustment of currency positions.
28.
Companies usually hedge their currency position by locking in a particular currency price at a given date through a futures contract or by buying the rights to buy or sell a currency at a certain price if it goes in an undesired direction.
29.
The dollar has posted gains this week alongside equity markets as currency positions are recast in the face of changing perceptions about the relative resiliency of the U . S . economy, according to Paul Podolsky, chief strategist with Fleet Bank in Boston.
30.
Then the Xenobian Government announces that " in view of their foreign currency position, all outstanding import licences are suspended . . . until the end of the year . " Fortunately, Dickinson returns and is able to find other foreign customers for the ploughs.
