| Euro hits 2-mth high vs yen (at Reuters) The euro hit a two-month high against the yen on Wednesday as the resilience of the euro zone economy and solid European bank earnings released the previous day helped boost investor risk appetite. us.rd.yahoo.com |
British Pound Falls as BoE Cuts Economic Forecast, Euro Pares August Rally (DailyFX) Dovish rhetoric from the Bank of England weighed on the British Pound, with the exchange rate extending the previous day’s decline to reach a low of 1.5666 during the European trade, but the overnight decline appears to be tapering off as price action hold above the 20-Day SMA at 1.5603. finance.yahoo.com |
Fed supports optimism overnight on Wall St Wall Street drew cautious confidence from a US central bank statement that it was ready to bolster its support for the economic recovery if needed.The Federal Reserve made no shift in monetary policy at the end of its scheduled... nzherald.co.nz |
Geithner Calls for Global Cooperation on Currency The administration is looking to the I.M.F. to help bring about greater flexibility by China on exchange rates. nytimes.com |
Kiwis head to US, Britain to cash in on currency More New Zealanders are holidaying in Britain and the United States because of favourable exchange rates, say travel agencies.House of Travel retail director Brent Thomas says outbound travel by Kiwis to those countries is up... nzherald.co.nz |