| EUR/USD: Trading the European Central Bank Interest Rate Decision (Daily FX) The European Central Bank is widely expected to hold the benchmark interest rate at 1.00% in September as central bank President Jean-Claude Trichet anticipates economic activity to improve going into the following year, and long-term expectations for higher borrowing costs may continue to support the rally in the euro as market participants speculate the Governing Council to tighten policy over the next 12 months. us.rd.yahoo.com |
Barbie's belt tightens: Cost cuts help Mattel 3Q (AP) Barbie's budget seems to be paying off. Mattel Inc.'s belt-tightening helped the No. 1 toymaker report a profit decline of just 3 percent Friday despite a steeper drop in sales, and the company voiced hopes the upcoming holiday season might not be as terrible as some fear. us.rd.yahoo.com |
Fed did not intervene in FX market in Q3: NY Fed (Reuters) U.S. monetary authorities did not intervene in the foreign exchange markets in the third quarter as the dollar fell broadly against major and emerging market currencies, the Federal Reserve Bank of New York said. us.rd.yahoo.com |
The Best Times to Trade the 24-hour Forex Market (TradingMarkets.com) Forex traders never sleep, or at least it would appear that way, with markets open 24/7. Here's an overview of Forex hours and when's the best times to trade this 24-hour market. us.rd.yahoo.com |
Dollar gains broadly on anxieties about China (AP) The dollar rose against European currencies Tuesday but fell versus the yen as China moved to slow down lending at its banks. us.rd.yahoo.com |