| Canadian Dollar Still Looks To Crude For Direction Despite Rising Yield Expectations (DailyFX) The Canadian dollar is in the midst of a four day rally as the commodity dollar gained over 400 pips against the greenback. A stronger than expected employment report for June sent the “loonie’ higher across the board ahead of the U.S. session. finance.yahoo.com |
Currencies: Dollar down; Irish auction underpins euro (at MarketWatch) The U.S. dollar is lower versus most major rivals, with the euro finding support after an auction of Irish government debt met solid demand. us.rd.yahoo.com |
Euro Holds Steady Ahead of FOMC Minutes, British Pound Under Pressure [DailyFX] - The Euro maintained a narrow range throughout the overnight trade, with price action holding below the 100-Day SMA at 1.2711, but the single-currency could face increased volatility later on today as the Federal Reserve is scheduled to release its policy meeting minutes at 18:00 GMT. finance.yahoo.com |
The eurozone is wrong to look for the exit In May 2009, the European Central Bank lowered its interest rate for a final time to 1 per cent but rejected calls to adopt a zero rate policy. At the time, I heard the following explanation: what really mattered for the economy was not the official interest rate but the actual money market rates. us.rd.yahoo.com |
Fed speculation takes wind out of Wall St sails Speculation that the Federal Reserve may not act as decisively as some investors hope took the wind out of Wall Street's sails after US stocks appeared set to extend their recent rally.In mid afternoon trading, the Dow Jones industrial... nzherald.co.nz |