| Optimism pushes up world equities Stocks in the US rose as the fastest American retail sales growth in four years firmed optimism about the outlook for economic growth and the outlook for US corporate earnings improved.In late trading, the Dow Jones industrial... nzherald.co.nz |
Q+A-Will Japan intervene to curb yen rise? (at Reuters) A fall in the dollar has propelled the yen towards a 14-year peak hit late last year, raising market speculation on whether a further move higher will tempt authorities to intervene to curb the currency s strength. us.rd.yahoo.com |
Backlash prompts rethink on forex leverage [at Financial Times] - A US regulator has softened proposals on the use of borrowed money in retail foreign exchange trades in the face of an unprecedented pushback from dealers and small traders. us.rd.yahoo.com |
FT In depth: Yen intervention [at Financial Times] - Japan intervenes to weaken yenTokyo intervened in the currency markets for the first time in more than six years to weaken the yen, sending it nearly Y3 lower against the dollar to mitigate the threat its strength posed to Japan s export-reliant economyKan buys time to find long-term growth Just two days ago Naoto Kan, Japan s prime minister, was being treated like a currency wimp, with markets cheerfully discounting his cabinet s repeated warnings of potential bold action against the recent rapid rise of the yenLex: Yen interventionSo 82 was the line in the sand? us.rd.yahoo.com |
Dollar slides before G20 but gold and oil rise The dollar fell on Friday on speculation a U.S. plan that included letting undervalued currencies strengthen would gain support at a contentious weekend Group of 20 meeting, lifting gold and oil prices. finance.yahoo.com |