| European Central Bank Says Interest Rate Remains “Appropriate,” Bank of England Maintains Policy (DailyFX) The European Central Bank held the interest rate at 1.00% and said monetary remains “appropriate” as President Jean-Claude Trichet expects to see an “uneven” recovery, and the Governing Council may look to support the economy throughout the second-half of the year as the outlook remains clouded with “uncertainty.” finance.yahoo.com |
FX OUTLOOK-Dollar set to extend gains in week ahead (at Reuters) The dollar and yen should extend gains next week as worries the global economy is losing steam burnish the currencies safe-haven appeal. us.rd.yahoo.com |
Forex: British Pound Extends Advance as BoE Curbs Speculation For Additional QE, U.S. Dollar Shows Little Reaction to 2Q GDP Report [DailyFX] - The British Pound rallied to a fresh high of 1.5921 during the European trade as the Bank of England talked down speculation for an expansion in quantitative easing, and the exchange rate may continue to push higher throughout the day as it retraces the decline from earlier this week. finance.yahoo.com |
Making eurozone safe from failure In a three-part series concluding today, the FT has explained how the eurozone's sovereign debt crisis earlier this year could come to pass, and the choices that now face its leaders. us.rd.yahoo.com |
Treasury yields, dollar up after new-home sales The dollar extended gains slightly and Treasury prices stayed down on Wednesday after a report showed the pace of new home sales rose 6.6% to 307,000 in September. The dollar index , which measures the U.S. unit against a basket of six major currencies, rose to 77.991, from 77.897 before the data and up from 77.670 in late North American trading on Tuesday. us.rd.yahoo.com |