| MONEY MARKETS-Euro rates up on expected demand; U.S. flat (at Reuters) * Three-month euro Libor hits 9-1/2 month high * Excess liquidity falls after ECB operations this week * Market now eyeing result of bank stress test due in July us.rd.yahoo.com |
FOREX-Dollar on a knife-edge as Fed meets (at Reuters) * Dollar up on short-covering as Fed decision looms * Market deeply divided on whether Fed will ease * BOJ stands pat on monetary policy as expected us.rd.yahoo.com |
Downside Risks Remain for the GBPUSD as the Pair Struggles to Break Above the 200-day SMA (DailyFX) The British pound pared yesterday’s decline against the U.S. dollar, but now looks to find major resistance at the 200-day moving average. Failure to make a clear break above 1.5500 may lead to downside risks back towards 1.5370 over the next twenty four hours. finance.yahoo.com |
Stimulus sparks optimism overnight on world markets Optimists returned to equity markets in Europe and on Wall Street with a vengeance after the Bank of Japan cut interest rates and opened the door for more easing by other central banks.In the US, all three key share markets advanced.... nzherald.co.nz |
Aussie dollar hits parity with US The Australian dollar has finally hit parity with the US dollar.Trading during the afternoon in London pushed it through the barrier, to its highest level since it was floated in December 1983.The New Zealand dollar has been... nzherald.co.nz |