| Pattern of ECB debt purchases emerges (at Financial Times) The European Central Bank bought €4bn in eurozone bonds last week, the same as in the previous two weeks, indicating it had fallen into a pattern of low-level intervention in sovereign debt markets. us.rd.yahoo.com |
Treasurys pare gain, dollar up after claims (at MarketWatch) Treasury prices pared a loss and the U.S. dollar s gains shrunk after the Labor Department said jobless claims rose 2,000 to 484,000 in the latest week, while economists expected claims to decline. us.rd.yahoo.com |
Currencies: Dollar turns lower vs euro after Bernanke (at MarketWatch) The dollar turns back down against the euro, in erratic trading after Fed Chairman Bernanke says the central bank has set no trigger for further monetary-policy easing and sees continued economic growth in the U.S. us.rd.yahoo.com |
ECB's Trichet: currencies must reflect fundamentals It is more important than ever that exchange rates reflect economic fundamentals and excessive volatility of such rates is best avoided, European Central Bank President Jean-Claude Trichet said on Thursday. us.rd.yahoo.com |
Australian dollar extends gains to 2 pct vs US dlr The Australian dollar extended gains to rise 2 percent versus the U.S. currency on Wednesday as an increase in risk appetite spurred demand for higher-yielding currencies. us.rd.yahoo.com |