The Bank of England's Monetary Policy Committee judged that recent economic weakness had reduced the chance that interest rates would need to rise in the near term, minutes to the BoE's July meeting showed on Wednesday. more...

The risk that the United States will lose its AAA credit rating in the next three months has risen considerably, even if lawmakers reach an agreement to raise the country's debt ceiling later this month, an S&P official said on Thursday. more...

The long-term fundamental factors like talk of a technical default in the U.S., a weakening Dow index and insipid economy, which have contributed to US dollar weakness, have not disappeared, so long-term downward pressure remains. more...