| As the Renminbi Goes ... Unless China makes a firm commitment to let its currency rise, it will have a hard time managing inflationary pressures and international resentment. nytimes.com |
Dollar index falls to 2-1/2 month low (at Reuters) The dollar index fell to a 2-1/2 month low on Friday, hit as the euro touched a two-month high versus the U.S. currency while recent weak U.S. data and dovish Federal Reserve minutes continued to take their toll. us.rd.yahoo.com |
NZ dollar heads down towards US 70c The New Zealand dollar fell to its lowest level against the yen in three months and headed down toward support at US70c as international events continued to dictate direction in a week with little in the local economic diary.The... nzherald.co.nz |
Trichet Says E.U. s Profligate Members Should Lose Vote [at New York Times] - Jean-Claude Trichet has suggested a sin-bin for members of the eurozone that contravene the financial laws of the region, which would have them facing temporary bans from political decision-making in the region, the president of the European Central Bank told The Financial Times. us.rd.yahoo.com |
FOREX: Dollar May Extend Gains on Risk Aversion, Fed Chatter in Focus The US Dollar may extend Asia-session gains as stock index futures point toward risk aversion ahead of a closely-watched set of speeches from Federal Reserve officials. finance.yahoo.com |