| Canadian Dollar Pares Last Week’s Decline, New Zealand Dollar Underperforms (DailyFX) The Canadian dollar pared the sharp decline from the previous week and is the best performing currency against the greenback on Monday, while the New Zealand dollar continued to retrace the advance from earlier this month, with the exchange rate slipping to a low of 0.7035. finance.yahoo.com |
Japan stays out of FX mkt in July as yen rises vs dlr (at Reuters) Japan s Ministry of Finance said on Friday it did not intervene in the foreign exchange market from June 29 to July 28, when the yen touched its highest level against the dollar since December. us.rd.yahoo.com |
Japan Counted on Cheap Yen. Oops. Toyota, world's largest automaker, is struggling to match sales of other automakers as yen continues to rise and price of manufacturing its cars becomes increasingly expensive; analysts say that Toyota's production setup, which depends heavily on Japanese factories and suppliers rather than overseas production, is to blame; note that for every yen to dollar that Japanese currency gains Toyota loses 30 billion yen or $355 million in operating profit; automaker plans to expand overseas as part of... query.nytimes.com |
RPT-FOREX-Dollar jumps vs yen, intervention rumours swirl [at Reuters] - * Dollar/yen jumps nearly 1%, traders suspect intervention * No confirmation, trader says MOF/BOJ may be changing method us.rd.yahoo.com |
Treasurys turn up, dollar drops after jobs sink Treasury prices recovered and the dollar turned down against the euro on Friday after the Labor Department said that U.S. private employers added 65,000 jobs in September, less than economists had forecast. us.rd.yahoo.com |