| Kiwi falls as US data fuels double-dip fears The New Zealand dollar fell back below 69 US cents after weak labour data stoked fears the global economy is heading for a double-dip recession.Some 125,000 jobs were shed from the US economy last month as temporary employment... nzherald.co.nz |
MONEY MARKETS-US 2-yr yield briefly touches record low (at Reuters) * U.S. 2-year notes briefly touch record lows * Auction of U.S. 4-week bills well bid * Bank of Canada hikes rates, as expected us.rd.yahoo.com |
Dollar rises vs yen on report Kan to speak on yen (at Reuters) The dollar edged up against the yen on Friday after Kyodo news agency reported Japanese Prime Minister Naoto Kan will hold a news conference on the government s steps to cope with the yen s strength later in the day. us.rd.yahoo.com |
Euro/dollar up 1.1 pct, tops 55-day MA [at Reuters] - The euro extended the day s gains to rise more than 1 percent against the dollar on Monday, topping its 55-day moving average for the first time in a week as upbeat Chinese data and an agreement on new banking rules boosted investor sentiment. us.rd.yahoo.com |
Fed must spend up to stop markets going into tailspin Central bankers would like to be able to get back to business as usual where they change the price of money rather than its quantity. That day seems a long way off on both sides of the Atlantic.The data this month that changed... nzherald.co.nz |