| British Pound Maintains Narrow Range, Euro Halts Three-Day Rally Following ECB Comments (DailyFX) The British Pound maintained the narrow range from earlier this week and pared the previous day’s decline to a reach a high of 1.5204 during the European trade, and the exchange rate may continue to trend sideways over the near-term as investors weigh the prospects for future policy. finance.yahoo.com |
Eurozone output data ease double-dip fears (at Financial Times) Both manufacturing and services output in the eurozone grew faster than expected in July, according to the latest purchasing managers indices, driven by a strong performance in both sectors in Germany and in the services industry in France. us.rd.yahoo.com |
Dollar falls as SCF deadline looms The New Zealand dollar fell as the deadline arrives for South Canterbury Finance, which is trying to stave off a collapse which would cost the government some $600 million. The country's second-biggest finance company has until... nzherald.co.nz |
Currencies: Euro tops $1.31 as Philly Fed stays negative [at MarketWatch] - Another sign of manufacturing weakness in the U.S. economy helps underct the dollar. A well-received auction of Spanish debt supports the euro as well, as the yen firms against the greenback. us.rd.yahoo.com |
Euro Out of the Spotlight but Dollar Crosswinds Could Weigh Euro Out of the Spotlight but Dollar Crosswinds Could Weigh Fundamental Forecast for Euro: Neutral - ECB President Trichet corrects Weber’s calls for an early stimulus exit - PMI readings offer a proxy for European growth , the results: uneven and overall discouraging - EURUSD takes the first, critical steps toward confirming a larger reversal Three months ago, the euro was in charge of its own future; and the most prolific fundamental trends were sourced from the stability of the European markets. finance.yahoo.com |