| Treasurys, dollar up after productivity (at MarketWatch) Long-term Treasury prices rose and the dollar remained higher on Tuesday after a report showed U.S. productivity fell 0.9% and unit labor costs rose 0.2% in the second quarter. Yields on 10-year notes , which move inversely to prices, fell 2 basis points to 2.81%. us.rd.yahoo.com |
Dollar sinks to fresh 15-year low against yen (CNNMoney.com) The Japanese yen surged to a fresh 15-year high against the U.S. dollar Tuesday, after the Japanese government failed to say it would take steps to curb the currency s strength amid growing concerns about the pace of the recovery. finance.yahoo.com |
G20 to discuss exchange rates: Treasury aide [at MarketWatch] - Finance ministers and central bankers from the G20 will discuss exchange rates as part of their continued effort to achieve better balance in global growth, a senior Treasury official said Tuesday. us.rd.yahoo.com |
Euro’s Late Reversal May be Start of Larger Correction Against Dollar The Euro set fresh 9-month high against the US Dollar, but a late-Friday reversal warns that the single currency may be on the cusp of a much larger correction following substantial gains. finance.yahoo.com |
South Korea’s Problems With Fed’s Monetary Easing The Federal Reserve’s decision to pump $600 billion into the American economy has put South Korean government officials in a difficult spot. nytimes.com |