| NZ dollar rises on weak US figures The New Zealand dollar made a late run against the United States currency, which had earlier slumped to a 15-month low caused by weak United States home building sentiment.Selling interests failed to stop the NZ dollar's push... nzherald.co.nz |
Dollar hits multi-month lows as consumers weak (AP) A worsening picture of U.S. consumer spending drove the dollar lower Tuesday. It sank to multi-month lows against the euro, pound, yen and Swiss franc. finance.yahoo.com |
Sales and Inventory Reports Turn Markets Higher The gains on retail sales and business inventories were kept in check by new worries about the European economy. nytimes.com |
BOE s Posen: Clear case for more asset purchases [at MarketWatch] - The British pound tumbled Tuesday after Bank of England Monetary Policy Committee member Adam Posen said there is a clear case to be made in favor of the central bank making additional purchases of British government bonds, or gilts. us.rd.yahoo.com |
Eurozone bond investors accused of overreacting Investors in eurozone bond markets stand accused of letting "animal spirits" affect their judgment on the risk of a European debt default, creating a situation where financial markets could force weaker countries into excessive budget cutting. us.rd.yahoo.com |