| Australia Keeps Rates on Hold, Says Loose Monetary Policy ''Appropriate'' (Euro Open) (Daily FX) The Australian Dollar fell as the Reserve Bank of Australia kept interest rates on hold at 3% and said that accommodative monetary policy remains "appropriate", upsetting expectations of traders that had been looking for a more hawkish outcome. us.rd.yahoo.com |
New Zealand Dollar Gains as Inflation Outperforms But Rate Hikes Look Suspect (Euro Open) (Daily FX) The New Zealand Dollar surged as a better-than-expected third quarter inflation report stoked expectations that interest rates will rise ahead of schedule but the central bank?s recent actions hint that may not be the case. us.rd.yahoo.com |
Euro up to $1.4873 in European trade (AP) The euro was slightly higher against the dollar Friday after Germany reported that growth in its economy, Europe's biggest, accelerated in the third quarter. us.rd.yahoo.com |
Dollar slips in light post-holiday trading (AP) The dollar edged down slightly in thin post-Christmas holiday trading Monday as data showed shoppers spent a little more this season. us.rd.yahoo.com |
US NAR Existing Home Sales Down by Most in Over 40 Years as Prices Rise (Daily FX) US existing home plunged 16.7 percent during the month of December according to the National Association of Realtors - the sharpest drop in over 40 years - which dragged the annual rate down to a 4-month low of 5.45 million from 6.54 million. us.rd.yahoo.com |