Brazil forex rebound on Greece hopes

Mexican peso and Brazilian real on Wednesday recovered part of recent losses on hopes Germany and France would work together to keep Greece in the euro zone, avoiding an escalation of the European debt crisis.
Also supporting the real was foreign investors' appetite for domestic stocks, which became more appealing in the past few days after a Greece-inspired sell-off.

Hopes Greece would avoid a traumatic departure from the euro increased on Wednesday, however, after German Chancellor Angela Merkel and new French President Francois Hollande said in a joint news conference they want Greece to stay in the euro zone.

"Brazilian stocks became cheap after the sell-off caused by global risk aversion in the past few days. They are luring foreign investors today and that has an impact on the currency," said Mario Battistel, a currency manager at Fair brokerage in Sao Paulo.

FOREX-Euro near 3-1/2 month low vs dlr as Greece wrangles

* Euro in sight of Jan. 23 low, focus on $1.29 option barrier
* News of JPMorgan trading loss dents risky assets

* Aussie sags after China industrial output disappoints

* Dollar index hits two-month high as safety sought

Forex - AUD/USD falls 0.47%, trades at 1.0033

The aussie plunged 0.47% vs. the greenback, despite a series of announcements about the state of the US economy. The American producer price index did worse than expected, registering YoY and MoM growth rates at 1.9% and -0.2%, respectively. The consumer sentiment index from Reuters/University of Michigan will be released later on and it should rise to 76.5 from 76.4. China's retail sales, industrial production and M2 money supply all came short of expectations which could also be affecting the strength of commodity currencies such as the Australian dollar.

Brazil Central Bank U-Turn On Forex

After months of buying dollars, Brazil's central bank could reverse course

Major local market players see imminent intervention by the central bank to sell dollars

Central bank may be concerned about impact of weaker currency on inflation

India's central bank unveils steps to counter the rupee's decline

India's central bank unveils steps to counter the rupee's decline

Analysts say the measures will provide temporary support but won't reverse the rupee's trend
Foreign-currency earners must convert 50% of forex into rupees within two weeks
Banks' intraday position limits set at five times overnight limit

Cadila Healthcare Q4 Group Profit Dips On Forex Loss

Cadila Healthcare Q4 Group Profit Dips On Forex Loss

Cadila Healthcare Ltd., an global pharmaceutical company reported a lower net profit for the fourth quarter on forex loss. On a stand-alone basis, the company reported higher net profit for quarter.

Stand-alone Results

Forex: AUD/USD dips to 1.0050

High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex.