| NZ terms of trade fall 9pc The rising New Zealand dollar and falling prices for dairy exports were key factors in New Zealand's June quarter terms of trade falling 9 per cent.Publishing the data today, Statistics New Zealand (SNZ) said the latest decline... nzherald.co.nz |
British Pound Holds Ground as Bank of England Maintains Current Policy, Euro Remains Bid Ahead of ECB Press Conference (Daily FX) The Bank of England held the benchmark interest rate at 0.50% and maintained its GBP 175B asset purchase program in October, with the British pound advancing for the second day to reach a high of 1.6095 during the European trade, and long-term expectations for higher borrowing costs may drive the currency higher over the near-term as the MPC expects the emergency program to end in the following month. us.rd.yahoo.com |
EU business: strong euro could hurt economy (AP) European businesses called Wednesday on EU economy officials to push China to allow their currency rise against the euro, saying the strong euro could hurt Europe's economic recovery. us.rd.yahoo.com |
Australian Dollar / US Dollar (Daily FX) The US dollar is mostly higher to begin the week. The AUDUSD ideally remains below 8915 on its way to the mid 80s. us.rd.yahoo.com |
Oil falls on stronger dollar (CNNMoney.com) Oil hovered around $77 a barrel Tuesday after OPEC said crude inventories remain high enough to meet demand. us.rd.yahoo.com |