| U.K. pound falls after S&P affirms AAA rating (at MarketWatch) The British pound lost ground against the U.S. dollar on Monday after Standard & Poor s affirmed its AAA sovereign credit rating, but also maintained a negative outlook. The pound fell to $1.5022 down from $1.5067 Friday, after being higher before S&P s announcement. us.rd.yahoo.com |
FOREX-Yen rises as Japanese investors, exporters buy (at Reuters) * Talk of Japanese investors and exporters buying yen * More Japanese exporter dlr offers seen at Y86.50-Y89.00 * Japan margin traders net long USD/JPY position $1.46 bln us.rd.yahoo.com |
NZ dollar falls further The New Zealand dollar fell further overnight, following yesterday's bail out of South Canterbury Finance (SCF) and Monday's evidence of weaker business confidence.The rate of decline eased after midnight, but the kiwi still reached... nzherald.co.nz |
Debating The True Value Of The Chinese Yuan Hot money is fleeing low interest rates in the U.S. and Western Europe for China, India, and South Korea where the returns are much higher. It's forcing those currencies up against the dollar and the euro, hurting exports and creating property bubbles. us.rd.yahoo.com |
Crude oil rises as G-20 talks weigh on dollar Crude-oil futures rise Monday as the dollar resumes its decline, hitting a 15-year low against the Japanese yen, after the weekend’s Group of 20 gathering produced little reason to hold on to it. us.rd.yahoo.com |