| Currencies: Dollar recovers; focus turns to payrolls from ECB (at MarketWatch) The U.S. dollar pared losses to sit nearly unchanged against the euro and other major rivals on Thursday, as traders were hesitant to make large bets ahead of Friday s U.S. payrolls report for July, which is expected to show private employers hired while overall payrolls dropped. us.rd.yahoo.com |
Economic Report: U.K. retail sales jump, lift British pound (at MarketWatch) British retail sales jumped in July, government data show, surpassing expectations and providing a lift for the British pound. us.rd.yahoo.com |
Dollar cuts losses vs euro, yen after Chicago PMI [at Reuters] - The dollar further trimmed losses against the euro and yen on Thursday after data showing business activity in the U.S. Midwest rose more than expected. us.rd.yahoo.com |
China: G20 must focus on economy, not currency The upcoming G-20 summit of major economies should focus on the global recovery rather than individual currencies, a Chinese diplomat said Wednesday, as Beijing tries to defuse pressure to ease its exchange rate controls. finance.yahoo.com |
MONEY MARKETS-U.S. rate futures fall, ECB lends more * U.S. Eurodollar futures slump as traders pare QE2 bets * Euro interbank rates rise to 15-month highs * Banks increase liquidity take-up at ECB tender us.rd.yahoo.com |