| Spain Sells 6 Billion Euros of Treasury Bills, U.K. Data Continues to Disappoints (DailyFX) Spain sold 4.25 billion euros of 12 month bills at a yield of 2.22 percent, and went onto sell 1.72 billion euros of 18 month bills at 2.33 percent. In turn, this lead Spanish 10 year bonds to fall 3 basis points to 4.37 percent. finance.yahoo.com |
British Pound Breaks Through 1.5800, Euro Pares Friday’s Decline To Hold Above 1.3000 (DailyFX) The British Pound rallied against the greenback for the eighth day, with the exchange rate rising to a high of 1.5818, and the GBP/USD may continue to trend higher over the near-term as the Bank of England drops its dovish outlook for inflation. finance.yahoo.com |
NZD/USD May Present Scalping Opportunity Ahead of RBNZ Rate Decision. [DailyFX] - The NZD/USD was sunk in early trading by a unexpected decline in retail sales which added to the case for an RBNZ rate hold as tomorrow’s policy meeting. However, a broad based ant-dollar rally sent the pair soaring erasing earlier losses and threatening resistance level. finance.yahoo.com |
Euro slips as Moody’s cuts Anglo Irish debt [at MarketWatch] - The U.S. dollar gains back some ground, while the euro slips in choppy conditions after ratings agency Moody’s cuts its rating on Anglo Irish Bank’s unguaranteed senior debt. us.rd.yahoo.com |
Forex: U.S. Dollar Mix On Thin Trading, Euro Holds Tight Range The Euro fell back from a high of 1.4006 during the overnight trade to maintain the narrow range from the end of the previous week, and the exchange rate may hold steady throughout the day as the economic docket remains fairly light for Monday. finance.yahoo.com |