| British Pound Benefits From Jump in 2Q GDP, Euro Maintains Rally Ahead of Stress Test Results (DailyFX) The British Pound extended the rally from the previous day and rallied to a fresh weekly high of 1.5412 during the European trade as the advanced 2Q GDP report for the U.K. reinforced an improved outlook for future growth, and the GBP/USD is likely to maintain the upward trending channel from the June low as the recovery gathers pace. finance.yahoo.com |
Dollar recovers; focus turns to payrolls from ECB (at MarketWatch) The U.S. dollar pared losses to sit nearly unchanged against the euro and other major rivals on Thursday, as traders were hesitant to make large bets ahead of Friday s U.S. payrolls report for July, which is expected to show private employers hired while overall payrolls dropped. us.rd.yahoo.com |
NZ dollar near top of six-month range The New Zealand dollar is near the top of its six-month range ahead of Thursday's monetary policy statement, and will probably hold around its current level this week. Six of eight economists and strategists in a BusinessDesk... nzherald.co.nz |
Currencies: Dollar falls to 6-month low versus euro [at MarketWatch] - The greenback loses more ground after a gauge of U.S. manufacturing weakens, adding to speculation that the Federal Reserve may provide further stimulus. us.rd.yahoo.com |
QE2 poised to heighten Asian currency dilemma Growing expectations that a fresh round of quantitative easing looms in the US and Singapore's decision to tighten monetary policy sent the dollar to multiyear lows against several Asia-Pacific currencies. us.rd.yahoo.com |