| Currencies: Euro down back under $1.30 after home-price data (at MarketWatch) The U.S. dollar recovers against the euro as a report shows U.S. home prices improved in May more than many analysts had expected, tempering worries that a housing-market slump would limit economic growth. us.rd.yahoo.com |
U.S. dollar index rises more than 1 percent (at Reuters) The U.S. dollar jumped more than 1 percent against a basket of currencies on Tuesday on growing expectations the Federal Reserve is unlikely to announce any aggressive monetary easing measures at the end of its policy meeting later in the day. us.rd.yahoo.com |
Currencies: U.S. dollar weakens ahead of FOMC [at MarketWatch] - The dollar comes under selling pressure ahead of the Federal Reserve s interest-rate decision, while the euro finds modest support as Ireland s closely watched debt auction meets with solid demand. 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 |