| Spain is caught up in self-delusion (at Financial Times) A basic problem in the eurozone s periphery is that it is experiencing a commonplace emerging market-style crisis - yet its policymakers are oblivious to that fact. This recent observation, from an old hand in emerging markets at the International Monetary Fund, is perhaps nowhere truer than in Spain, where a virtual sudden stop in foreign bank lending has forced the country to become highly dependent on European Central Bank borrowing to stay afloat. us.rd.yahoo.com |
Dollar hits 15-year low against yen (CNNMoney.com) The dollar fell to a 15-year low against the Japanese yen Wednesday, as investors flocked to safe-haven trades after weak economic data was released by China and the Federal Reserve posted a bearish outlook. finance.yahoo.com |
Euro extends gains, rises 1 pct vs dollar [at Reuters] - The euro extended gains against a broadly lower dollar on Wednesday after the U.S. Federal Reserve signalled it could conduct more monetary easing the previous day. us.rd.yahoo.com |
Australian Dollar: Long-Term Outlook [at TheStreet.com] - With a gain of about 7% against the U.S. dollar, the Australian dollar trails only the Japanese yen s 10% rise. us.rd.yahoo.com |
Currencies: Dollar regains ground but stays in recent ranges The U.S. dollar edges higher against most of its currency rivals, set to recoup some of the losses suffered a day earlier, us.rd.yahoo.com |