| Euro, British Pound Advance Following Relaxed Rules For Basel III (DailyFX) The Euro extended the advance from the previous week and rallied to fresh monthly high of 1.3035 as investors raised their appetite for risk, but near-term rally appears to be tapering off ahead as global policy makers take further steps to increase financial regulation. finance.yahoo.com |
U.S. Dollar Continues to Appreciate Ahead of FOMC Interest Rate Decision (DailyFX) The British Pound weakened against the greenback for the second-day, with the exchange rate slipping to a low of 1.5736 during the European trade, and the GBP/USD appears to have carved a short-term top as the daily RSI falls back from oversold territory. finance.yahoo.com |
FOREX-Dollar on the defensive near 5-wk low as FOMC looms [at Reuters] - * Market thinks Fed will not begin QE just yet but cautious * Intervention fear keeps yen buying in check * Australian dollar below 2-year peak after RBA minutes us.rd.yahoo.com |
Need forex flexibility for rebalancing growth-U.S. [at Reuters] - Allowing currency exchange rates to respond to market conditions is vital to ongoing efforts to rebalance global growth and will be on the agenda when finance chiefs meet Friday and Saturday, a senior U.S. us.rd.yahoo.com |
Euro’s Late Reversal May be Start of Larger Correction Against Dollar The Euro set fresh 9-month high against the US Dollar, but a late-Friday reversal warns that the single currency may be on the cusp of a much larger correction following substantial gains. finance.yahoo.com |