| Currencies: Euro nears $1.29 after U.S. data, Spanish auction (at MarketWatch) The U.S. dollar falls to a two-month low against the euro after a successful auction of Spanish debt neutralizes near-term worries about Europe s sovereign debt woes. us.rd.yahoo.com |
Euro Bounces on U.S. Housing Data (at TheStreet.com) In an atypical reaction, the euro strengthened on weaker-than-expected U.S. housing news. us.rd.yahoo.com |
NZ dollar falls as Wall St dips The New Zealand dollar fell back under 72 US cents as Wall Street traders returned from their holiday in a downbeat mood amid the reignited fears about the state of Europe's financial sector. The Dow Jones Industrial Average fell... nzherald.co.nz |
India weighs rupee brake The Reserve Bank of India says it may intervene in the currency markets to shield exporters as capital inflows this year fuelled a rally in the rupee, making it Asia's best performer in the past month.The local currency gained... nzherald.co.nz |
Gloom, anger spreads as European economies teeter DUBLIN - Anger and fear about Europe's seemingly unstoppable debt crisis coursed through the continent yesterday. Striking workers shut down much of Portugal, Ireland proposed its deepest budget cuts in history and seething Italian... nzherald.co.nz |