| Strategist Hits Out at Rivals on Euro Calls (at CNBC) David Bloom is the global head of foreign exchange strategy at HSBC and earlier this year found himself going against the trend when the euro went into freefall. With other houses predicting parity for euro-dollar, Bloom refused to follow. us.rd.yahoo.com |
Currencies: Euro down back under $1.30 after home-price data (at MarketWatch) The U.S. dollar recovers against the euro as a report shows U.S. home prices improved in May more than many analysts had expected, tempering worries that a housing-market slump would limit economic growth. us.rd.yahoo.com |
De La Rue, Currency Maker, Investigated in Britain The company, De La Rue, said the British authorities had been asked to look into “deliberately falsified” tests on paper used to make bank notes. nytimes.com |
Currencies: U.S. dollar weakens ahead of FOMC [at MarketWatch] - The dollar comes under selling pressure ahead of the Federal Reserve s interest-rate decision, while the euro finds modest support as Ireland s closely watched debt auction meets with solid demand. us.rd.yahoo.com |
Euro Dragged Down Toward Key Psychological Level Investors cast their votes of disapproval for the Irish bailout plan by bashing the euro, and worries of further contagion sent spreads on peripheral and other European debt wider. us.rd.yahoo.com |