| US Dollar May Finally See Break from Summer Ranges as Liquidity Returns (Daily FX) The US dollar, British pound, and commodity dollars face potential for major moves and significant breakouts from summer ranges next week due to the combination of the post-holiday return of liquidity, rate decisions from the Reserve Bank of New Zealand, Bank of England, and Bank of Canada, along with Australian employment and US consumer confidence reports. us.rd.yahoo.com |
IMF says global economic recovery has begun (Reuters) The International Monetary Fund on Thursday declared that a global economic recovery has begun led by Asia, also cautioning that the strength of the rebound depended on a rebalancing of global growth. us.rd.yahoo.com |
Euro Poised to Test Yearly High, British Pound Continues to Trend Sideways (Daily FX) The euro rallied against the greenback for the second day, with the exchange rate rising to a high of 1.4996 during the overnight trading session, and the single-currency looks poised to test the yearly high at 1.5064 this week as market participants ramp up expectations for higher borrowing costs in the region. us.rd.yahoo.com |
Japanese Yen Forecast Dims Ahead of Critical Event Risk (Daily FX) Japanese Yen Forecast Dims Ahead of Critical Event Risk Fundamental Forecast for Japanese Yen: Bearish - Japanese government announces fourth stimulus package - Markets nonetheless ignore Japan’s fiscal plans - View our monthly US Dollar/Japanese Yen Exchange Rate Forecast The Japanese Yen was the top-performing G10 currency to round out the week’s trade, breaking its long-standing correlation to major risky asset classes and finishing higher despite relative outperformance in the US S&P 500. us.rd.yahoo.com |
Dollar enjoys late rally, climbs over US71c The New Zealand dollar bounced back this afternoon, after falling against the greenback as the US market was affected by US President Barack Obama's plan to curb bank risk-taking.The NZ dollar also lost ground on the wake of uncertainty... nzherald.co.nz |