| Euro May Gain as German IFO Rises But Long-Term Outlook Favors Downside (Euro Open) (Daily FX) The Euro may see near-term gains in European hours as Germany?s IFO indicator of business confidence shows that companies? 6-month economic outlook improved for the eighth consecutive month in August, but the likely path of interest rates favors the downside in the long-term outlook. us.rd.yahoo.com |
Disagreement over dollar's direction The New Zealand dollar is ripe for a turn - although traders' disagree markedly over which way they could go.At 5pm the NZ dollar was buying US70.73c, easing from US70.88c at the 8am today and a 13-month high of US71.55c on Thursday.Westpac... nzherald.co.nz |
NZ dollar on the rise The New Zealand dollar rose against the greenback as a rally in stocks and commodities eroded the safe-haven appeal of the United States currency.By 8am the kiwi was buying US72.63c from US71.92c at 5pm yesterday. The NZ dollar... nzherald.co.nz |
US Factory Orders Rise for Second Month (Daily FX) The US Commerce Department reported that factory orders rose 0.6 percent in October, marking the second straight increase following September's rise of 1.6 percent. The data was better than expected, since forecasts had called for no change in light of the 0.6 percent decline in durable goods orders during the same period. us.rd.yahoo.com |
Why you need to pay attention to Greece's economic woes (CNNMoney.com) Could Europe kill the chances of a global economic recovery? There are growing concerns about the health of several European nations, most particularly Greece. Standard & Poor's, Moody's Investor Serivice and Fitch Ratings all downgraded their credit ratings for Greece last month. us.rd.yahoo.com |