| Euro Holds Narrow Range Following Stress Test, British Pound Extends Near-Term Rally (DailyFX) Uncertainties surrounding the results of the EU bank stress test pushed the single-currency to a low of 1.2888 during the European trade, and the exchange rate may push lower going into the North American session as investors maintain a cautious outlook for the region. finance.yahoo.com |
Currencies: Dollar firm ahead of Fed meeting (at MarketWatch) The U.S. dollar edged higher on Monday, as traders awaited this week s meeting of the Federal Reserve against a backdrop of rising worries about the staying power of the economic recovery. us.rd.yahoo.com |
GBPUSD Halts 5-Day Avdance as the M4 Money Supply Unexpectedly Declines [DailyFX] - Great Britain’s M4 money supply for the month of August disappointed as figures unexpectedly dropped 0.2 percent after climbing 0.4 percent amid economists’ expectations of a 0.2 percent rise. finance.yahoo.com |
Currencies: Dollar gains as euro-zone worries revived [at MarketWatch] - The U.S. dollar rises to start the week, lifted by profit-taking on recent gains by the euro and other major currencies, analysts say. us.rd.yahoo.com |
UPDATE - Australian dollar hits parity with US dollar The Australian dollar rose above parity against its U.S. counterpart on Friday for the first time since becoming a freely-traded currency, extending a bull run that appears well-entrenched because of Australia's higher rates and robust, resource-driven growth. us.rd.yahoo.com |