Sovereign bond yields fell in many cases significantly for a second straight month, while short-term interest rate changes were minimal during May.  The Swiss franc and kiwi performed well during the month.  Against the euro, the dollar traded in a nearly ten-cent range of $1.4939 to $1.3968, closing 2.9% higher on balance.  Dollar/yen dipped briefly [...]

The Bank of Canada last raised its overnight target interest rate on September 8, 2010.  Increases of 25 basis points each had been implemented at three straight meetings In early June, mid-July and early September.  Amid slower growth, policy was then paused, but today's meeting concluded with a stronger signal that more increases are coming.  [...]

The dollar at 15:00 GMT was down 1.0% against the kiwi, 0.8% versus the loonie, 0.7% against the euro, 0.2% against the Aussie dollar and 0.1% relative to the yuan.  The greenback has risen overnight by 0.4% against the yen and 0.1% against sterling and the Swiss franc. Equities rose 2.2% in Hong Kong, 2.0% [...]