| FOREX-Euro falls in subdued trade, dollar steady (at Reuters) * Euro down 0.3 percent at $1.2522 * Euro faces resistance near $1.2595 and $1.2620 * Trade subdued with U.S. markets closed for holiday us.rd.yahoo.com |
Yen weakens after officials sharpen warnings (at MarketWatch) The U.S. dollar gains against its Japanese counterpart amid reports that Prime Minister Naoto Kan called the yen s rise rough, even though he stopped short of indicating any action would be taken to weaken the Japanese currency. us.rd.yahoo.com |
Currencies: Dollar gains on euro, yen after Bernanke (at MarketWatch) The greenback had been more mixed in the wake of not-so-bad U.S. GDP data. us.rd.yahoo.com |
Trichet: Excess forex volatility bad for stability European Central Bank President Jean-Claude Trichet on Thursday said "excess volatility" in foreign-exchange rates is "adverse" for economic stability. Asked about the euro's recent rise, Trichet reiterated that he shares the view of U.S. officials that a strong dollar is in the interest of the United States. us.rd.yahoo.com |
Currencies: Dollar stays down after Beige Book Greenback gives back most of the gains logged in the wake of China's tightening move. us.rd.yahoo.com |