Currencies

Dollar Posts Weekly Gain Against Euro After Signs of Economic Recovery Dim The dollar rose against the euro this week as speculation the economic recovery is faltering boosted demand for the safety of the U.S. currency.

IMF Softens Language on Characterizing Exchange Rates Before China Report The International Monetary Fund is softening the language used to characterize exchange rates ahead of the lender’s first report in three years on China’s economy.

Dollar May Decline Against Yen as Fed to Keep U.S. Rates Low, RBS Predicts The dollar may fall to a four-month low against the yen on expectations U.S. policy makers will refrain from raising interest rates, according to Royal Bank of Scotland Group Plc, the world’s fourth-largest currency trader.

Canada's Dollar Heads for Weekly Decline Amid Signs Recovery Is Faltering Canada’s dollar rose, paring a weekly decline that’s been driven by signs the economic recovery is faltering and a drop in crude oil below $67.

Brazil's Real Gains Against Dollar on Signs of Economic Recovery, Stocks Brazil’s real rose, paring losses for the week, on speculation the economy is recovering after reports this week that industrial production expanded for a fifth month and exports grew more than expected.

Payrolls in U.S. Decline More Than Forecast; Unemployment Climbs to 9.5% Employers in the U.S. cut more jobs than forecast in June and the unemployment rate rose to the highest in almost 26 years, limiting wages and threatening to erode the consumer spending essential to an economic recovery.

U.K. Pound Declines Versus Dollar, Euro as Service Industry Growth Slowed The pound fell against the dollar, capping its first weekly decline in a month, after a report showed the U.K. services industry grew at a slower pace in June.

Swedish Krona to Rebound Should It Hold Below 11 per Euro, UniCredit Says Sweden’s krona will rebound should it hold below 11 per euro, a level where options traders have placed orders to sell the currency, according to UniCredit Markets & Investment Banking.

HSBC's Swiss Private Bank Asked Clients to Surrender Secrecy Protection HSBC Holdings Plc’s Swiss private bank last September asked clients and independent money managers to surrender their right to banking secrecy protection in order to keep securities invested in 28 countries.

Polish Zloty Strengthens After Central Banker Noga Sees Currency Gaining The Polish zloty advanced against the euro, posting its biggest weekly gain in three months, after a central bank policy maker said the currency is likely to appreciate in value.