| Australia Keeps Rates on Hold, Says Loose Monetary Policy ''Appropriate'' (Euro Open) (Daily FX) The Australian Dollar fell as the Reserve Bank of Australia kept interest rates on hold at 3% and said that accommodative monetary policy remains "appropriate", upsetting expectations of traders that had been looking for a more hawkish outcome. us.rd.yahoo.com |
Euro hits new 14-month high vs dollar (AP) The 16-nation euro hit a new 14-month high against the dollar on Thursday after the Federal Reserve indicated it was in no rush to raise interest rates. us.rd.yahoo.com |
Euro up to $1.4873 in European trade (AP) The euro was slightly higher against the dollar Friday after Germany reported that growth in its economy, Europe's biggest, accelerated in the third quarter. us.rd.yahoo.com |
China won't be pressured over yuan peg: Wen (Reuters) Chinese Premier Wen Jiabao on Sunday struck a defiant note about the country's controversial exchange rate policy, saying the government would not give into foreign demands to let the yuan rise. us.rd.yahoo.com |
US NAR Existing Home Sales Down by Most in Over 40 Years as Prices Rise (Daily FX) US existing home plunged 16.7 percent during the month of December according to the National Association of Realtors - the sharpest drop in over 40 years - which dragged the annual rate down to a 4-month low of 5.45 million from 6.54 million. us.rd.yahoo.com |