| China s SAFE says big surpluses unsustainable (at MarketWatch) China s foreign exchange regulator on Friday said the process of balancing international payments was complex and warned that large current-account surpluses were unsustainable. The State Administration of Foreign Exchange said in a statement that it struggled to balance international payments and the rapid growth in foreign exchange reserves, particularly as China s current-account-surplus-to-gross-domestic-product ratio swelled above 5% since 2005 and jumped to a record 11% in 2007. us.rd.yahoo.com |
Currencies: Yen and euro gain more ground against dollar (at MarketWatch) The yen and euro strengthen against the U.S. dollar as investors continue to shy away from the greenback in the wake of ongoing concerns over a slowdown in global growth. us.rd.yahoo.com |
Currencies: Dollar falls as ISM s gain supports risk-taking [at MarketWatch] - Investors eschew the dollar in favor of higher-risk assets, after a key barometer of U.S. manufacturing comes in significantly stronger than forecast. us.rd.yahoo.com |
EMERGING MARKETS-Latam stocks down before Fed, Chile's peso up * Brazil markets closed for public holiday * Mexico's IPC down 0.3 pct, peso strengthens 0.13 pct * Chile's peso gains 1.36 percent on proxy trade, copper us.rd.yahoo.com |
FOREX-Dollar set to snap 5-week losing run as shorts trimmed * Dollar index heads for first weekly gain since mid-Sept * FX Concepts see euro topping out between $1.43-$1.45 * Geithner urges G20 not to use FX for economic advantage us.rd.yahoo.com |