| China upwardly revises first-quarter surplus (at MarketWatch) China upwardly revised its current account surplus for the first quarter to $53.6 billion, an increase of 31% from its earlier estimate of $40.9 billion, the State Administration of Foreign Exchange, the nation s foreign exchange regulator, said in a statement on its website Monday. us.rd.yahoo.com |
EUR/USD Slips Below 1.2800, European Central Bank Continues To See Subdued Price Growth (DailyFX) The Euro extended the decline from earlier this week, with the EUR/USD slipping to a fresh weekly low of 1.2798 during the overnight trade, and the exchange rate may continue to push lower going into the North American trade as the greenback continues to appreciate against most of its major currency counterparts. finance.yahoo.com |
Treasury yields up, dollar jumps after Bernanke (at MarketWatch) The dollar improved and Treasury prices remained under pressure on Friday after Federal Reserve Chairman Ben Bernanke said the central bank has set no trigger for further monetary-policy easing and he sees continued economic growth. us.rd.yahoo.com |
Stage set for worldwide currency war The International Monetary Fund's latest outlook is framed against a backdrop of growing concern about the risk of a global currency war.Japan last month intervened for the first time in six years to restrain the yen, while China... nzherald.co.nz |
Forex Options and Futures Sentiment Point to US Dollar Reversal FX Options sentiment has seen a noteworthy correction on recent US Dollar gains, and sharp moves suggest that the US currency may continue to recover against the Euro and other major forex counterparts. finance.yahoo.com |