| Dollar up; euro slips on Portugal downgrade (at MarketWatch) The U.S. dollar was mostly higher Tuesday, with the euro losing ground in the wake of a downgrade of Portugal’s sovereign credit rating and a steeper-than-expected fall by a gauge of German investors’ economic expectations. us.rd.yahoo.com |
Mickey D Serves Up Renminbi (at Forbes) China takes another small step towards liberalizing its currency with a yuan-denominated bond sale by McDonald s. us.rd.yahoo.com |
MONEY MARKETS-Traders bet on Sept 2011 Fed hike [at Reuters] - * U.S. rate futures up hike expectations for next year * Banks to repay 225 bln euros in maturing loans in Sept * ECB liquidity extension will help cushion expiring loans us.rd.yahoo.com |
Singapore move hits dollar, India intervenes Singapore widened the trading band for its currency in response to increasing market volatility and India intervened to temper a rising rupee as foreign exchange tensions persisted ahead of a key G20 meeting. finance.yahoo.com |
NZ dollar outperforms aussie The New Zealand dollar outperformed the Australian dollar, which came under pressure when lower than expected inflation data reduced the chances of a rate rise next week.While the focus in this market is turning to the Reserve... nzherald.co.nz |