| China: Forex holdings doing comparatively well (at MarketWatch) China s State Administration of Foreign Exchange, which manages the nation s massive foreign-exchange reserve holdings, says its funds have survived the financial crisis without significant losses and that they would continue to earn strong returns in the long term. us.rd.yahoo.com |
Opening Comment 07.20 (DailyFX) The ability for the Euro to hold onto recent gains even with all of the potentially currency negative developments over the past few sessions has been more than impressive, and it seems as though the demand from various Middle Eastern and sovereign names will not be denied. finance.yahoo.com |
Treasurys, dollar up vs euro after spending, PCE (at MarketWatch) Treasury prices held onto gains and the dollar stayed higher against the euro on Monday after U.S. data showed personal spending rose 0.4% in July, while the report s measure of inflation increased 0.2%. us.rd.yahoo.com |
Japan business lobby urges govt to take steps on yen [at Reuters] - The head of Japan s most powerful business lobby urged the government to take steps to halt the rising yen, including intervening in the currency markets, after the yen hit a fresh 15-year high against the dollar on Tuesday. us.rd.yahoo.com |
Euro flat vs dollar, traders cite Mid-east selling The euro gave up earlier gains against the dollar to trade flat on the day, with traders citing Middle East accounts as large sellers after the currency pushed above $1.40. us.rd.yahoo.com |