| Dollar Losses on Growth Concerns Restrained by Euro Uncertainty (DailyFX) The fundamental outlook for the US and its currency continue to deteriorate with each passing week. This isn’t necessarily unusual in the context of a global leveling off in economic activity; but as the proxy for the rest of the world, the United States inequities are magnified by discriminating investors. finance.yahoo.com |
Euro rises about 1% versus dollar, to $1.33 (at MarketWatch) The euro rose above the $1.33 level on Friday as the dollar fell broadly after disappointing U.S. payrolls data. The risks are tilting towards the less optimistic scenarios, for the U.S. economy, said David Watt, senior fixed-income and currency strategist at RBC Capital Markets. us.rd.yahoo.com |
BNP changes forecast on dollar, euro, yen [at MarketWatch] - BNP Paribas raised its forecast for the euro and commodity currencies on Friday, saying that Japan s intervention in foreign-exchange markets will increase global liquidity and appetite for risk, boosting the outlook for several currencies against the U.S. dollar and Japanese yen. us.rd.yahoo.com |
FOREX: Dollar Recovery on Euro Selling and Mild Risk Aversion Stalled as Market Awaits Definitive Trend [DailyFX] - It was a wild ride for the US dollar Thursday; and at one point, many traders would be drawn into the speculative belief that a larger reversal was at hand. However, the ground that the greenback would recover through the session fell well short of crossing the necessary technical thresholds to trigger meaningful retracements, much less encourage an underlying trend shift. finance.yahoo.com |
Japan MOF Sakurai: won't comment on forex Japan's deputy finance minister Mitsuru Sakurai said on Thursday he would not comment on foreign exchange issues, when asked about currency movements. us.rd.yahoo.com |