| Euro lower in choppy action after test results (at MarketWatch) The European single currency was lower versus the U.S. dollar after initially rebounding in the wake of European bank stress-test results. The single currency temporarily erased a loss to trade slightly above $1.2900 versus the dollar, virtually flat on the day, then slipped back into negative territory to trade at $1.2829 in recent action. us.rd.yahoo.com |
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 |
Strong yen prompts Government action TOKYO - Japan intervened in the foreign-exchange market yesterday for the first time since 2004, after a surge in the yen to the strongest against the dollar in 15 years threatened to stunt the nation's economic recovery.Finance... nzherald.co.nz |
Base Metals Lower as Dollar Index Rises [at TheStreet.com] - Base metals were lower Thursday on a higher dollar index. us.rd.yahoo.com |
Why America is going to win the global currency battle Currencies dominated this year's annual meetings of the International Monetary Fund. More precisely, two currencies did: the dollar and the renminbi, the former because it was deemed too weak and the latter because it was deemed too inflexible. us.rd.yahoo.com |