| FOREX-Euro falls from 2-month high after breaking $1.3000 (at Reuters) * Euro helped by rising European money market rates * Dollar falls to seven-month low vs yen * Drop in U.S. consumer sentiment weighs on dollar us.rd.yahoo.com |
U.S. Dollar Benefits From Risk Aversion, Japanese Yen Rallies To 15-Year High (DailyFX) Market participants continued to scale back their appetite for risk, with the EUR/USD extending the previous day’s decline to reach a fresh monthly low of 1.2603, and the shift in market sentiment may continue to drive the greenback higher throughout the day as it benefits from the rise in safe-haven flows. finance.yahoo.com |
Currencies: Dollar bounces regains some early losses [at MarketWatch] - The U.S. dollar recovers from earlier dip Thursday after the U.S. said that weekly jobless claims were lower than forecast. us.rd.yahoo.com |
British Pound Awaits Bank of England Minutes For Direction The British pound continued its northern journey against the U.S. dollar this week on the back of greenback weakness. As of late, quantitative easing concerns are weighing on the greenback, and the recent comments by the U.S. central bank head may add additional weight onto the buck as the outlook for the world’s largest economy remains unclear. finance.yahoo.com |
The Fed - Doing It Again As Ben Bernanke, the Fed chairman, tries to use monetary policy to aid the economy, he is getting the Obama treatment — and making the Obama response. nytimes.com |