| EUR/USD: Trading the European Central Bank Interest Rate Decision (Daily FX) The European Central Bank is widely expected to hold the benchmark interest rate at 1.00% in September as central bank President Jean-Claude Trichet anticipates economic activity to improve going into the following year, and long-term expectations for higher borrowing costs may continue to support the rally in the euro as market participants speculate the Governing Council to tighten policy over the next 12 months. us.rd.yahoo.com |
Sugar prices hover at highest level in 28 years (AP) The price of sugar rose Wednesday, hovering at levels not seen in 28 years, as concerns about a global sugar shortage escalated. us.rd.yahoo.com |
Fed did not intervene in FX market in Q3: NY Fed (Reuters) U.S. monetary authorities did not intervene in the foreign exchange markets in the third quarter as the dollar fell broadly against major and emerging market currencies, the Federal Reserve Bank of New York said. us.rd.yahoo.com |
GBP/JPY Presents Scalping Opportunity Ahead Of BoE Rate Decision (Daily FX) The GBP/JPY after earlier support is back under pressure as risk aversion has returned on the back of the U.S. government extending the TARP program until October, 2010 and is considering increasing commitment to TALF. U.S. us.rd.yahoo.com |
Dollar gains broadly on anxieties about China (AP) The dollar rose against European currencies Tuesday but fell versus the yen as China moved to slow down lending at its banks. us.rd.yahoo.com |