Daily FNArena News - FYI

The US Dollar is weak against the euro and the British pound and is unlikely to recover soon according to both Danske Bank and SVB Financial Group.

Australia will wait keenly to hear on Tuesday night just what goodies will be handed out, while the US, UK and Europe all make rate decisions.

Investment consultants GaveKal have been asked just what might the upset the current purple patch in global economies and equity markets.

While quarterly earnings were a litle better than estimated, brokers remain cautious on Telecome New Zealand given the uncertainty of regulatory issues.

Hedge funds may now post the biggest risk of a crisis since the 1998 collapse of LTCM, the Fed warns.

Weekly musings of your editor.

The RBA surprised no one this morning by holding the cash rate steady this month.

ANZ Bank sees a changing of circumstances for the Australian dollar, suggesting the US dollar and not economic fundamentals is likely to drive the currency short-term.

Will Australia’s biggest deal to date get over the line? Things are looking desperate in Martin Place. Little desperation is expected from the RBA however.

Weekly musings from your editor.