| Swiss central bank takes SFr14bn forex hit (at Financial Times) The Swiss National Bank on Wednesday revealed the cost of its massive foreign exchange interventions to restrain the value of the franc, with losses of more than SFr14bn in the first half of this year. us.rd.yahoo.com |
U.S. stock futures signal dip; eyes on data (at Reuters) * U.S. stock index futures pointed to a lower open on Wall Street on Tuesday following the previous session s strong gains, with futures for the S&P 500 down 0.41 percent, Dow Jones futures down 0.31 percent and Nasdaq 100 futures down 0.28 percent at 0755 GMT. * The dollar fell to a 3-month low against the euro on Tuesday, as the single currency gained support from solid euro zone data and corporate earnings, while the greenback fell on the perception that the U.S. growth outlook is deteriorating, forcing the Federal Reserve to keep interest rates low. us.rd.yahoo.com |
FT In depth: Yen intervention [at Financial Times] - Japan intervenes to weaken yenTokyo intervened in the currency markets for the first time in more than six years to weaken the yen, sending it nearly Y3 lower against the dollar to mitigate the threat its strength posed to Japan s export-reliant economyKan buys time to find long-term growth Just two days ago Naoto Kan, Japan s prime minister, was being treated like a currency wimp, with markets cheerfully discounting his cabinet s repeated warnings of potential bold action against the recent rapid rise of the yenLex: Yen interventionSo 82 was the line in the sand? us.rd.yahoo.com |
Kiwi steady in quiet start to week The New Zealand dollar remained subdued yesterday after a quiet start to the week's trading.BNZ said it expected the NZ dollar to spend most of the week trading within the range of US72c to US74c."It has been a relatively... nzherald.co.nz |
Dollar strengthens against the euro The dollar advanced against the euro for the second day running as investors took profits on bets against the US currency. us.rd.yahoo.com |