| OCR hike tipped for next week The Reserve Bank is tipped to raise the Official Cash Rate next week, despite lower than expected economic growth.Westpac economists expect Reserve Bank governor Alan Bollard will hike the rate by 25 basis points to 3 per cent... nzherald.co.nz |
Gold adds to gains as dollar falls (at MarketWatch) Gold prices jumped more than $10 on Friday, shooting up as the U.S. dollar continued a steep decline after weaker-than-expected U.S. jobs data. The precious metal often gains when investors seek a safe haven. us.rd.yahoo.com |
New concerns over Ireland give dollar a lift [at MarketWatch] - The dollar heads to a weekly loss against the euro, but is up 1.8% versus the Japanese yen. us.rd.yahoo.com |
Obama Presses China to Let Currency Rise Pres Obama increases pressure on China to immediately revalue its currency, devoting most of two-hour meeting with Chinese Prime Min Wen Jiabao to issue and reportedly sending message that if China does not comply, president may take other steps to protect American interests; for his part, Wen sticks to his familiar talking points about gradual 'reform' of China's currency policy, leaving it unclear whether Obama's message will change China's course; unusual focus on this single issue at such h... query.nytimes.com |
NZ dollar falls on weak data, then recovers The New Zealand dollar fell after weaker than expected retail sales data suggested interest rates will stay on hold for longer then recovered as the US dollar fell and Singapore moved to widen the band its currency trades in.The... nzherald.co.nz |