| 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 |
China revs up renminbi expansion (at Financial Times) China s quest to transform the renminbi into an international reserve currency - and thereby challenge America s dominance of the global monetary system - may take decades, if it happens at all. us.rd.yahoo.com |
NZ dollar drifts lower in quiet trade The New Zealand dollar eased slightly today as equity markets weakened on renewed fears about the strength of European banks.By 5pm, the NZ dollar was buying US71.70c from US71.94c at 8am and US72.32c at 5pm yesterday. It fell... nzherald.co.nz |
Fed policy hint weighs on stocks as dollar slides [AP] - World stock markets fell Wednesday while the euro spiked above $1.34 for the first time in nearly five months as the Federal Reserve s hint that it is ready to provide more assistance to the flagging U.S. economy continued to dominate trading. finance.yahoo.com |
NZ dollar falls to fortnight low The New Zealand dollar fell to a fortnight low against its Australian counterpart in a generally unspectacular overnight session.Euro zone concerns continued to dominant the market, while a larger-than-expected dip in new claims... nzherald.co.nz |