| Euro rises to level not seen since EU-IMF bailout (at MarketWatch) The euro regains the $1.30 mark and then some, as doubts about the U.S. credit rating undercut the dollar. Japan s yen extended a move higher against the greenback as well. us.rd.yahoo.com |
European banks will manage debt repayments (at Financial Times) Eurozone banks face a manageable task to replace an estimated €1,300bn of debt finance that is due to be repaid over the next three and a half years, the European Central Bank said on Thursday. us.rd.yahoo.com |
NZ dollar settles at lower levels The New Zealand dollar consolidated after falling more than half a US cent today on news that the economy expanded less than expected in the second quarter.The lower than expected growth figure implies interest rates will remain... nzherald.co.nz |
Stage set for worldwide currency war The International Monetary Fund's latest outlook is framed against a backdrop of growing concern about the risk of a global currency war.Japan last month intervened for the first time in six years to restrain the yen, while China... nzherald.co.nz |
Treasury yields, dollar stay down after Beige Book The dollar pared losses slightly and Treasury prices held onto modest gains on Wednesday, pushing yield down, after the Federal Reserve's Beige Book said U.S. economic activity "continued to rise, albeit at a modest pace" through early October. us.rd.yahoo.com |