| Euro, British Pound Lose Ground as Economic Outlook Falters (Daily FX) The British pound halted the four-day rally and pared gains from the previous week to reach a low of 1.6521 against the greenback, and the GBP/USD may continue to retrace the September advance as the economic outlook for the U.K. remains weak. us.rd.yahoo.com |
Euro slightly lower as earnings season starts (AP) The euro was slightly lower against the dollar Monday as investors looked ahead to upcoming third-quarter earnings reports for more clues on the state of the global economy. us.rd.yahoo.com |
Energy prices on the rise despite huge supply (AP) The dollar's sway over energy markets was on full display Wednesday, with oil and gasoline futures rising sharply as the U.S. currency tumbled to 15-month lows. us.rd.yahoo.com |
Swiss Franc Halts Two-Day Slide, British Pound Maintains Narrow Range (Daily FX) The Swiss Franc halted the two-day decline against the greenback, with the exchange rate tumbling to a low of 1.0412 on Wednesday, while the British Pound pared the overnight decline to hold within the previous day’s range. us.rd.yahoo.com |
Australian Dollar on Shaky Ground as Carry Trade Follows S&P Lower (Daily FX) Australian Dollar on Shaky Ground as Carry Trade Follows S&P Lower Fundamental Forecast for Australian Dollar: Neutral - Australian dollar forecast to depreciate on forex futures and options sentiment - Bullish Australian Vehicle Sales nonetheless boosts outlook for domestic interest rates - Australian Dollar technical outlook somewhat mixed and at odds with USD-bullish forecasts The Australian Dollar was among the worst-performing currencies through a difficult week for the US S&P 500 and other major indices, falling considerably on the pullback in financial market risk sentiment. us.rd.yahoo.com |