| Dollar hits multi-month lows as consumers weak (AP) A worsening picture of U.S. consumer spending drove the dollar lower Tuesday. It sank to multi-month lows against the euro, pound, yen and Swiss franc. 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 |
BOE s Posen: Clear case for more asset purchases [at MarketWatch] - The British pound tumbled Tuesday after Bank of England Monetary Policy Committee member Adam Posen said there is a clear case to be made in favor of the central bank making additional purchases of British government bonds, or gilts. us.rd.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 |