| 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 |
Euro erases gains versus dollar (at MarketWatch) The dollar recovered from earlier losses versus the euro in early U.S. trading on Monday amid less optimism indicated in the stock markets. The euro changed hands at $1.2944, up slightly from $1.2942 in North American trade late Friday. 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 |
Currencies: Euro rallies 1% vs dollar after Basel rules [at MarketWatch] - An agreement by global regulators on the size of bank capital reserves and another round of strong Chinese economic data inspire traders to pile into risk-oriented currencies, sinking the U.S. dollar and other perceived safe havens. us.rd.yahoo.com |
Trichet opposes deal on EU budget rules Jean-Claude Trichet, president of the European Central Bank, has refused to endorse the full package of eurozone sanctions decided by European Union finance ministers this week. us.rd.yahoo.com |