| British Pound Extends Advance on BoE Comments, Euro Holds Tight Range (DailyFX) The British pound extended the rally from the previous day and advanced to a high of 1.5290 during the European trade as policy makers in the U.K. held a hawkish outlook for future policy, and increased speculation for a rate hike later this year may continue to push the GBP/USD higher over the near-term as the central bank sees scope to normalize monetary policy in the second-half of the year. finance.yahoo.com |
Euro Finds Pivot Point Against Dollar (at Forbes) The US dollar is behaving dramatically different against many of the other currencies so far today. The buck is soaring versus the loonie, dropping rapidly against the pound and consolidating against the euro. us.rd.yahoo.com |
FOREX-Euro falls to record low vs Swiss franc [at Reuters] - The euro fell to a record low against the Swiss franc on Tuesday amid a rise in risk aversion after a Wall Street Journal report highlighted shortcomings of European bank stress tests in July. us.rd.yahoo.com |
Australian dollar climbs above 95 U.S. cents [at Reuters] - The Australian dollar extended gains on Tuesday, rising above 95 U.S. cents for the first time since July 30, 2008, according to Reuters data. us.rd.yahoo.com |
Dublin accepts ECB demands Ireland refrained from taking action against private investors in its banks that could have sent further shocks across the eurozone in exchange for the European Central Bank continuing "a liberal attitude" to supporting its financial system, according to the Irish central bank governor. us.rd.yahoo.com |