| Euro Reverses Losses, As Traders Ignore Bearish Comments From ECB's Mersch (Daily FX) The Euro has reversed earlier losses derived from bearish comments from ECB member Mersch as equity markets have firmed. The single currency initially fell sharply on the policy maker?s remarks that the current recovery is not sustainable because it is dependant on public funds which offset bullish sentiment derived from the final German GDP figures confirming a 0.3% expansion in 2Q GDP. us.rd.yahoo.com |
Heavy demand pushes kiwi past US73c The New Zealand dollar surprised market watchers yesterday by barging through the US73c mark on strong demand from overseas buyers, stoking speculation a large acquisition of New Zealand assets is imminent.More action in foreign... nzherald.co.nz |
Oil dips below $80 as US dollar strengthens (AP) Oil prices dipped below $80 a barrel Thursday in Asia as the U.S. dollar strengthened. Benchmark crude for December delivery was down 60 cents to $79.80 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. us.rd.yahoo.com |
Japanese Yen to Fall Against US Dollar on Bond Yields Outlook (Daily FX) Japanese Yen to Fall Against US Dollar on Bond Yields Outlook Fundamental Forecast for Japanese Yen: Bearish - Bank of Japan Strikes Dovish Tone, Keeps Policy Unchanged - Japanese Firms Plan Record Spending Cuts in the Fourth Quarter us.rd.yahoo.com |
Daily Sound Bites 01.18 (Daily FX) DAILY SOUND BITES A daily review of comments from selected officials across the globe and their respective insights into global macro economics as related to the foreign exchange market .... us.rd.yahoo.com |