| Euro falls 1 percent versus dollar to session low (at Reuters) The euro extended losses against the dollar to trade more than 1 percent lower on Tuesday as the greenback was boosted by a growing view the Federal Reserve is unlikely to announce any aggressive easing measures at the end of its policy meeting later in the day. us.rd.yahoo.com |
Crude oil, gold drop as dollar rises on safe-haven (at MarketWatch) Crude oil and gold futures fell further on Tuesday, as concerns over global growth shook markets, lifting demand for the dollar as a safe haven. A report on U.S. existing-home sales for July will be released at 10 a.m. us.rd.yahoo.com |
Near-Term Japan Forex Intervention Unlikely [at TheStreet.com] - Don t expect more currency intervention from Japan at least until the country s finance minister explains the Sept. 15 intervention at an upcoming G7 meeting. us.rd.yahoo.com |
UPDATE - ECB's Trichet: euro zone needs stricter fiscal reforms * Budget sinners need quasi-automatic sanctions- Trichet * Structural reforms needed to increase growth potential * Euro zone inflation to remain moderate in 2011 us.rd.yahoo.com |
Weaker Dollar Seen as Unlikely to Cure Unemployment With many American companies manufacturing abroad, the effect on exports of a weak dollar is diminished. nytimes.com |