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.