| British Pound at Risk as Yield Expectations Decline (DailyFX) British Pound at Risk as Yield Expectations Decline Fundamental Forecast for British Pound: Bearish - U.K. GDP nearly doubled expectations of 0.6% growing 1.1% in the second quarter - BoE Voted 7-1 to keep rates unchanged at 0.50% according to minutes - June’s budget deficit was wider than expected at 20.9B - Retail sales improved by 0.7% in June surpassing estimates of 0.5% The British Pound ended the week higher as improving fundamentals offset dimming interest rate expectations but uncertainty over growth and monetary policy could expose the sterling to broader trends going forward. finance.yahoo.com |
Forex & Commodities: Dollar Drifts Near 3-1/2 Month Low (at CNBC) The dollar drifted on Friday as investors stayed cautious ahead of U.S. payroll numbers following an unexpected rise in U.S. jobless claims and poor retail data overnight. us.rd.yahoo.com |
More countries intervening to keep currencies down [at Reuters] - More governments around the world are moving to keep their currencies from appreciating as a way of boosting their economic recovery, and as Japan intervened in the currency market on Wednesday for the first time in six years to curb the surging yen. us.rd.yahoo.com |
Bernard Hickey : Standing aside not an option during currency wars Is New Zealand ready for the currency wars that are breaking out all over the globe? Our policymakers seem remarkably relaxed about the implications of the turmoil that threatens to push our currency through US80c in the coming months... nzherald.co.nz |
Inside Money : Reserve Bank fights inflation, launches board game The Reserve Bank (RB) does a lot of big, important stuff for New Zealand's financial system that most of us don't really understand.And during the global financial crisis (GFC) the Bank got to show off its importance by doing... nzherald.co.nz |