| Forex Weekly Trading Forecast - 07.19.10 (DailyFX) US Dollar Struggles to Keep its Safe Haven Roots as Fundamentals Dim Euro Strength at Risk Ahead of Stress Tests, Dow Jones Reversal Japanese Yen May Strengthen Further As Risk Sentiment Falters British Pound Looks to Improved Demand and Growth for Support Canadian Dollar Looks to BoC Rate Decision, Inflation for Next Moves Australian Dollar Momentum Turns Down, Risks of Further Declines New Zealand Dollar At Risk As Pessimism Grows Gold Traders Look to the EU Stress Test to Gauge Market’s Health finance.yahoo.com |
Bollard lifts OCR, future hikes likely to be less The Reserve Bank has lifted the official cash rate from 2.75 to 3 per cent this morning. The move, though widely expected, is a sign that the economy is still growing enough for bank Governor Alan Bollard to keep winding back... nzherald.co.nz |
Japan Gears Up to Push Down the Yen [at New York Times] - Prime Minister Naoto Kan said Japanese officials were in talks with their counterparts overseas to lay the groundwork for a possible intervention on currency markets. us.rd.yahoo.com |
Dollar falls to 5-month low against euro [AP] - The dollar fell to a 5-month low against the euro on Friday and lost ground against other major currencies as traders looked for investments that could get them better returns. finance.yahoo.com |
Dollar eases after rising toward US75c The New Zealand dollar spent most of today regrouping at slightly lower levels after rising to within a whisker of US75c as a surprise easing by the Bank of Japan rekindled risk appetite and prompted buying of currencies and assets... nzherald.co.nz |