| Dollar makes late run against greenback The New Zealand dollar made a late run against the United States currency, which had earlier slumped to a 15-month low due to weak US homebuilding sentiment.Selling interests failed to stop the NZ dollar's push above US71c.Around... nzherald.co.nz |
Sterling: up but still down (at Financial Times) Sterling is up, but it is still down - and deserves to be both. The UK currency has risen 4.3 per cent on the Bank of England s trade weighted index since the beginning of March. It s hardly a full recovery from the slide that accompanied the financial crisis. us.rd.yahoo.com |
Summary Box: Bonds mixed after yen intervention [AP] - YEN INTERVENTION: Japan moved to stem the yen s rise. The Bank of Japan sold yen and bought dollars. WHERE TO PUT THE DOLLARS?: When central banks buy dollars, they usually stash them in Treasurys, considered one of the world s safest investments. finance.yahoo.com |
Currencies: Euro rises after ECB official’s comments [at MarketWatch] - The euro regains its footing after a European Central Bank official says special liquidity measures are on track to be withdrawn, eclipsing doubts tied to sovereign debt. us.rd.yahoo.com |
The eurozone is wrong to look for the exit In May 2009, the European Central Bank lowered its interest rate for a final time to 1 per cent but rejected calls to adopt a zero rate policy. At the time, I heard the following explanation: what really mattered for the economy was not the official interest rate but the actual money market rates. us.rd.yahoo.com |