| Dollar slides as European banks pass tests (AP) The dollar dropped against the euro Friday after European regulators said only a handful of banks failed stress tests that measured how well they would fare if government debt problems and the region s economy worsened. finance.yahoo.com |
CANADA FX DEBT-C$ up but off 13-week high, bonds gain (at Reuters) * C$ rises to 98.37 U.S. cents * Bonds gain in safety bid * Flaherty not worried about C$ rise, cites strong economy us.rd.yahoo.com |
NZ dollar recovers as currencies rally The New Zealand dollar made its way slowly but surely higher today after it was knocked down this week by a gloomier than expected Reserve Bank of New Zealand (RBNZ) statement.But it lost ground against an unrelentingly strong... nzherald.co.nz |
NZ dollar falls on weak data The New Zealand dollar fell today on news of weak building consents and weak business confidence and as equity markets fell.The NZ dollar was US73.57c at 5pm from US73.90c at 8am and US73.89c at 5pm yesterday. It had pushed to... nzherald.co.nz |
Michael Pettis : Slow and steady only way for China to go The world must be patient with China. For years, the nation of 1.3 billion has dragged its feet on rebalancing its economy, raising anger around the globe.But the process was never going to be easy, and officials in Beijing were... nzherald.co.nz |