Currency traders are having their worst start to a year since 2010 as a dearth of trends in major foreign-exchange markets crushes their investment strategies.
The Australian dollar’s rally this month will be short-lived as demand for the nation’s chief export wanes with China stockpiling record amounts of iron-ore, according to Insight Investment Management Ltd.
Aston Villa hired Norwich’s Paul Lambert as its manager, the Premier League club said in a statment on its website.
Jose Mourinho maintained his unbeaten home record in English Premier League soccer as Chelsea defeated Aston Villa 2-1.
Chris Hughton was named manager of Norwich City, succeeding Paul Lambert at the English Premier League soccer club.
Norwich City said Paul Lambert offered to quit as manager but the English Premier League club has not accepted his resignation.
The following is a roundup of soccer stories from U.K. newspapers, with clickable Internet links.
Aston Villa striker Christian Benteke may miss as long as six weeks of the soccer season after injuring his hip.
Sweden’s government abandoned its hands-off stance on the krona and New Zealand announced it sold the kiwi, joining a growing band of countries to escalate their response to strengthening currencies.
The Australian dollar fell to the lowest level since 2011 as the nation’s shrinking interest-rate advantage over its peers damps the allure of the currency.
"There are not many currency pairs that have trended in the same direction in January and February."
- Paul Lambert on Feb 20, 2014