| US Dollar Forecast to Fall Further versus Euro, British Pound (DailyFX) Noteworthy US Dollar declines have been met with similarly aggressive bets on and hedges against further USD weakness, and our short-term trading bias has accordingly turned bearish the US currency. finance.yahoo.com |
FOREX-Euro slips from 2-month high versus U.S. dollar (at Reuters) * Euro reverses gains after hitting $1.3029 * Bank stress tests, auction jitters weigh on euro * Yen down on intervention risk us.rd.yahoo.com |
Borrowing by Euro Zone Companies Falls 1.3% (at New York Times) A 2.8 percent increase in lending to households offset the decline in corporate borrowing, so total credit to the private sector rose 0.9 percent. us.rd.yahoo.com |
Dollar, Yen Slump as Chinese Data, Basel III Accord Boost Risky Assets [DailyFX] - The US Dollar and the Japanese Yen slumped as robust Chinese economic data and the unveiling of the Basel III regulatory framework sent risky assets higher. Stock index futures hint more of the same ahead, but vulnerabilities remain. finance.yahoo.com |
Brian Fallow: Parties poles apart on currency control Exchange rate intervention has joined the growing list of economic policy differences between the Government and the Labour Opposition.In 2004 when the Reserve Bank sought, and was given, a wider mandate to intervene in the foreign... nzherald.co.nz |