| Treasurys gain, dollar stays up after GDP (at MarketWatch) Treasury prices climbed slightly and the dollar pared gains after a report said the U.S. economy grew 2.4% in the second quarter, a little lower than many analysts expected, but following a first-quarter that was revised much higher than initially reported. us.rd.yahoo.com |
Treasurys up, dollar pares gain after confidence (at MarketWatch) The dollar pared gains against the euro and Treasury prices stayed higher on Friday after the Reuters/University of Michigan index of consumer sentiment came in at 69.6 in July. The euro traded at $1.2823, from $1.2817 before the data and from $1.2834 late Thursday. us.rd.yahoo.com |
Japan silent on intervention talk after yen s drop [AP] - Japanese authorities were silent after a sudden jump in the dollar against the yen Friday that traders initially said was due to the Bank of Japan intervening to weaken the Japanese currency. finance.yahoo.com |
Euro is too strong at $1.4-Eurogroup President The euro exchange rate against the dollar is too strong at $1.4, as the dollar does not reflect the economic fundamentals of the United States, the chairman of euro zone finance ministers Jean-Claude Juncker said on Friday. us.rd.yahoo.com |
Turkey’s Rapidly Rising Currency Has Downside The lira’s strength is a point of national pride, but a rapidly growing current account deficit, diminishing tourism and other signs show it is taking a toll. nytimes.com |