| Pundits predict more gloom for pound The pound's biggest five-month rally in 24 years is ending as the Bank of England floods the shrinking UK economy with newly printed cash and slowing inflation precludes higher interest rates to lure investors.The currency soared... nzherald.co.nz |
Japan finance minister hints at forex intervention (AP) Japan's finance minister said Tuesday the government may step into the foreign exchange market, backpedalling his recent comments suggesting he is against intervention to influence the currency's direction. us.rd.yahoo.com |
Retail gas prices nearing summer highs (AP) Retail gas prices are spiking to levels last seen in the heat of summer driving season, raising fears that consumers could cut back on holiday spending. us.rd.yahoo.com |
NZD/USD Presents Scalping Opportunity Ahead Of RBNZ Rate Decision (Daily FX) The NZD/USD has come under pressure as weak manufacturing data from Europe and concerns over sovereign credit ratings has fueled broad risk aversion. The RBNZ is scheduled to for tomorrow with the central bank expected to remain on hold. us.rd.yahoo.com |
U.S. Non-Farm Payrolls Disappoint, Dollar Weakens Across the Board (Daily FX) U.S. non-farm payrolls slumped 85K in December after rising a revised 4K in the previous month amid expectations for a flat reading, while the annual rate of unemployment held steady at 10.0% for the second consecutive month. us.rd.yahoo.com |