| British Pound Rallies For Ninth Day, Euro Breaks Above 1.3250 (DailyFX) The British Pound extended the sharp rally from the previous day, with the exchange rate advancing to a six-month high 1.5967 during the overnight trade, and the GBP/USD may continue to retrace the decline from earlier this year as market participants speculate the Bank of England to normalize monetary policy going into the following year. finance.yahoo.com |
FOREX-Dollar soft, hovers near 15-yr low vs yen (at Reuters) * Traders say dollar/yen may re-test 15-yr low of 84.72 yen * Euro hits 7-week low vs yen near 109 yen * Kan and Shirakawa likely to meet next Monday-govt source us.rd.yahoo.com |
Euro bailout fund chief expects to make no loans [at Reuters] - The head of the euro zone s financial safety net said on Tuesday he does not expect states to tap the fund, which was set up earlier this year at the height of market panic over the euro zone s debt crisis. us.rd.yahoo.com |
Weak economy has nations waging currency wars Washington - Fears of a full-blown currency war flared as the US dollar fell to an eight-month low against the euro and the US stepped up pressure on China to let its currency rise.The escalating tension threatened to dominate... nzherald.co.nz |
FOREX: Dollar Ends the Week on the Verge of Reversal as FX Policy, GDP and FOMC Decision Loom It was a quiet end to an otherwise active week for the dollar and broader capital markets Friday. Nonetheless, this bout of restrained activity does not alter the reality that volatility surged through the middle of the week and the steadfast advance in risk appetite since the beginning of September nearly collapsed. finance.yahoo.com |