| China revs up renminbi expansion (at Financial Times) China s quest to transform the renminbi into an international reserve currency - and thereby challenge America s dominance of the global monetary system - may take decades, if it happens at all. us.rd.yahoo.com |
CANADA FX DEBT-C$ slides to 3-wk low, bonds soar on gloomy data (at Reuters) * C$ falls to 95.67 U.S. cents, up from session low * Bond prices soar on flight to safety * Canada trade deficit widens; to drag on Q2 growth us.rd.yahoo.com |
US Dollar Forecast to Lose Further on Forex Futures, Options Sentiment [DailyFX] - FX Options and Futures traders remain heavily net-short US Dollars, and current momentum favors continued USD weakness. This is especially true against the Australian Dollar, New Zealand Dollar, and Swiss Franc; options and futures traders alike have aggressively bet on and hedged against further Greenback weakness. finance.yahoo.com |
[$$] China to EU: Tone Down Yuan Criticism [at The Wall Street Journal] - China to EU: Tone Down Yuan Criticism Chinese premier Wen Jiabao asked European Union leaders to tone down their attacks on Beijing in an escalating battle over the value of the world s key currencies, amid a meeting of Asian and European leaders in Brussels. us.rd.yahoo.com |
Australian, New Zealand dollar down about 1% The currencies of Australia, New Zealand and Canada all fell notably early Tuesday after China unexpectedly lifted its deposit and lending rates by a quarter point -- its first policy tightening since December 2007. us.rd.yahoo.com |