| Euro dips vs dollar after German ZEW (at Reuters) The euro briefly dipped against the dollar on Tuesday after German ZEW institute s July headline index came in lower than expected, but losses were tempered as the current conditions index improved. us.rd.yahoo.com |
Big Mac Verdict: Undervalued The New Zealand dollar is slightly undervalued, according to the Economist 's latest Big Mac index.The index is its tongue-in-cheek application of the theory of purchasing power parity. At an exchange rate of US71.9c, a Big Mac... nzherald.co.nz |
UPDATE - Brazil seeks curbs to forex gain on Petrobras [at Reuters] - * Large Petrobras offering seen bringing dollar inflows * Brazil govt seeks to prevent steep forex appreciation * Real rises to highest since Dec. on inflows expectation us.rd.yahoo.com |
Mr. Geithner and China It was good to hear the Treasury secretary speak out against China’s currency policy. Now if he could get other countries to start complaining, too. nytimes.com |
Dollar rises to 1-month high vs Swiss franc The dollar rose to a one-month high against the Swiss franc on Wednesday as the U.S. currency gained broadly after a report that the Federal Reserve will unveil plans for only gradual Treasury purchases next week. us.rd.yahoo.com |