| Milk tumbles 15 per cent in web auction The drop in prices at Fonterra's latest online auction was expected, just not so fast, says Westpac chief economist Brendan O'Donovan."We'd been anticipating wholesale prices to come off 15 per cent over coming months, we'd didn't... nzherald.co.nz |
Swiss central bank takes SFr14bn forex hit (at Financial Times) The Swiss National Bank on Wednesday revealed the cost of its massive foreign exchange interventions to restrain the value of the franc, with losses of more than SFr14bn in the first half of this year. us.rd.yahoo.com |
Dollar holds loss vs yen, euro after Fed minutes [at Reuters] - The dollar held declines versus the Japanese yen and the euro on Tuesday after the release of minutes of the central bank s last policy meeting. us.rd.yahoo.com |
EMERGING MARKETS-Brazil real off; Colombia peso down on FX plan [at Reuters] - * Colombian peso falls 1 pct on cenbank intervention plan * Weak U.S. manufacturing data prompts regional losses * Brazil s real down 0.4 pct; Chilean peso drops 0.2 pct us.rd.yahoo.com |
FOREX-Dollar falls, Geithner beats drum for econ rebalancing * Geithner calls for G20 not to block currency appreciation * Also calls for 4 pct cap on BOP imbalances * Doubts remain on coordinated G20 action on FX us.rd.yahoo.com |