| FX Technical Weekly (Daily FX) The euro traded in a tight range 200 pip range this week against the US dollar and ended little changed. The 4 week range has tightened and breakout levels are 1.4450 and 1.4040. Of note from a technical perspective is the GBPJPY support line break. us.rd.yahoo.com |
EUR/USD: Trading the Change in German Unemployment (Daily FX) The euro may face increased selling pressures over the next 24 hours of trading as economists forecast German unemployment to rise 20K in September, and the downturn in the labor market is likely to increase the risks for a double-dip recession as Bundesbank President Axel Weber anticipates a "muted" recovery. us.rd.yahoo.com |
APEC ministers credit China with fueling recovery (AP) China won credit Thursday for the mix of stimulus spending and stable finances that has helped rekindle a global recovery, with U.S. Treasury Secretary Timothy Geithner and other leaders downplaying the issue of the weak Chinese currency. us.rd.yahoo.com |
NZ dollar climbs back over US72c The New Zealand dollar rose today as the bout of risk aversion triggered by Dubai's financial woes subsided.The NZ dollar was at US72.11c at 5pm from US71.39c at 8am and US71.05c at 5pm on Friday.ASB said the full impact of... nzherald.co.nz |
Kiwi dollar keeps falling The New Zealand dollar sank for the second day after US President Barack Obama flagged more regulations for banks' trading operations, driving down shares and sapping demand for riskier, or higher-yielding assets.President Obama... nzherald.co.nz |