| Dollar rises on EU stress tests (CNNMoney.com) Investors are considering European stress test results, as stocks remain volatile, worries about a sluggish U.S. economic recovery persist and confidence in the euro zone and nations abroad increases. finance.yahoo.com |
Short View: (at Financial Times) Faced with a choice between the ugly sisters that make up the main world currencies, none of the options is pretty. No wonder investors are proving fickle in their choices. In the past two months the dollar has plunged more than 7 per cent against the Japanese yen, while the euro has gone from being regarded as a basket case to soar 11 per cent against the greenback. us.rd.yahoo.com |
Forex Strategy Outlook: Euro/US Dollar Volatility Bodes Well for Breakout Systems [DailyFX] - A noteworthy jump in forex market volatility expectations suggests that the Euro, US Dollar, and Japanese Yen will continue to see moderate price swings in the week ahead. In our last report we claimed that exceedingly slow exchange rate moves pointed to breakouts across key pairs. finance.yahoo.com |
China s Wen: Major exchange rates should be stable [at Reuters] - Exchange rates of major reserve currencies should be relatively stable, China s Prime Minister Wen Jiabao said on Monday, at the opening of a two-day summit of European Union and Asian leaders in Brussels. us.rd.yahoo.com |
Colombia cenbank modifies forex intervention rules * Peso falls on central bank's announcement * Colombia streamlines rules for intervention BOGOTA, Oct 15 - Colombia's central bank said it modified its foreign exchange intervention rules to make it easier for the bank to enter the market more directly and help control the rising peso. us.rd.yahoo.com |