| Japanese Yen May Falter as Speculation For BoJ Intervention Resurfaces (DailyFX) Japanese Yen May Falter as Speculation For BoJ Intervention Resurfaces Fundamental Forecast for the Japanese Yen: Neutral - Fed Chairman Bernanke Stirs Up Risk Aversion - USD/JPY: Remain Long, Targeting Advance to 88.80 - USDJPY – Japanese Yen Outlook Positive Amidst Sentiment Shift The Japanese Yen weakened against most of its major counterparts following a rise in risk appetite paired with speculation for a currency intervention, and the USD/JPY may continue to retrace the decline from earlier this month as policy makers in the world’s second largest economy see scope to ease policy further in the second-half of 2010. finance.yahoo.com |
French budget deficit narrows in June (at MarketWatch) The French budget deficit was 61.7 billion euros at the end of June compared to 82.4 billion euros a year earlier, the budget ministry said Friday, according to news reports. Separately, the French customs agency reported that the nation s foreign trade deficit narrowed to 3.8 billion euros in June from 5.2 billion euros in May, Dow Jones Newswires reported, compared to forecasts for a gap of 4.5 billion euros. us.rd.yahoo.com |
Forex & Commodities: Yen Under Pressure on Intervention Fears [at CNBC] - Fears of further Japanese intervention helped to keep the yen near its lows for the month on Friday. us.rd.yahoo.com |
Mexico stocks, peso up after U.S. data [at MarketWatch] - Mexican stocks end at best level since late April; peso rises us.rd.yahoo.com |
NZ dollar gains on US news The New Zealand dollar gained as the minutes from the last Federal Open Market Committee meeting stoked speculation the central bank will embark on a second round of asset purchases when it meets next month.The Fed said "members... nzherald.co.nz |