| BoE Leaves Benchmark Interest Rate Unchanged in August (DailyFX) As widely expected, the Bank of England left its key overnight lending rate and asset purchase program unchanged in August. The British pound was relatively unchanged following the rate decision as traders priced in a zero percent chance for a rate hike prior to the decision, according to the Credit Suisse overnight index swaps. finance.yahoo.com |
Currencies: Dollar up as Weber s liquidity remarks hit euro (at MarketWatch) The U.S. dollar is higher versus most major rivals, while the euro slumps after German central bank chief Axel Weber signals the ECB will maintain its emergency lending support through the end of the year. us.rd.yahoo.com |
Euro Has no Emotional Appeal: Ex-ECB Official [at CNBC] - Europe faces an important challenge in creating greater awareness of the importance of a stable currency, but to achieve that goal, its citizens will need to grow more attached to the euro, Otmar Issing, former European Central Bank chief economist, told CNBC. us.rd.yahoo.com |
QE2 poised to heighten Asian currency dilemma Growing expectations that a fresh round of quantitative easing looms in the US and Singapore's decision to tighten monetary policy sent the dollar to multiyear lows against several Asia-Pacific currencies. us.rd.yahoo.com |
Currencies: Dollar edges higher vs. major rivals The dollar gains on its major rivals on hopes that next week's U.S. Federal Reserve meeting might result in smaller easing steps than some investors had feared. us.rd.yahoo.com |