By Chris Fournier The loonie advanced against 7 of its 16 most-traded
counterparts tracked by Bloomberg, while the New Zealand and Australian dollars
were the best-performing major currencies. The U.S. dollar and yen weakened on
speculation Europe will help Greece contain its budget
Feb. 9 (Bloomberg) -- The euro rose the most in almost a month versus the
dollar on speculation European officials meeting this week will agree to assist
Greece in tackling its budget deficit. Japan’s currency slid the most against
the euro in more than two months after a European Central
By Chris Fournier The loonie rose against half of its 16 most-traded
counterparts tracked by Bloomberg, while the New Zealand and Australian dollars
were the best-performing major currencies. The U.S. dollar and yen weakened on
speculation Europe will help Greece contain its budget
Talking Points • Japanese Yen: Down Across the Board
• Pound: Trade Deficit Widens as Imports Jump
• Euro: President Trichet Heads to EU Summit Ahead of
Schedule • US Dollar: Wholesale Inventories, IBD/TIPP
Economic Optimism on Tap British Pound Gives
By Lisa Twaronite , MarketWatch The dollar index /quotes/comstock/11j!i:dxy0 (
DXY 80.16 , -0.14 , -0.17% ) , which tracks the greenback against a
trade-weighted basket of six major currencies, fell to 80.091 from 80.309 in
late North American trading on Monday. But most
Key Overnight Developments • UK Retail Sales Growth Worst in 15 Years in
January, Says BRC • RICS Survey Hints UK House Prices May Decline as Supply
Swells • Euro Rebounds Against US Dollar on Greece Bailout Speculation Critical
Levels The Euro and the British
Feb. 9 (Bloomberg) -- The yen fell for the first time in four days against the
euro on speculation Japanese companies sold the currency to take advantage of
its 3 percent advance in the past week. The yen declined for a third day versus
the dollar on the prospect that Japan’s importers
• Euro Finds Little Consolation from EU Finance Ministers’ Greek Guarantees at
G7 • Japanese Yen: Lending Troubles another Road Sign to the Next ‘Lost Decade’
• Commodity Currency Policymakers Start Rolling Back Emergency Aid Dollar
Advances for a Fourth Consecutive Session
Importers are struggling to cope with weakness in the Australian dollar after
the 11-month rally that drove it as high as 94 US cents came to an abrupt end
over the last few days. Turmoil on international markets, triggered in large
part by debt default fears in parts of Europe, has fed
By Ron Harui The European currency’s 50-day moving average, currently at
$1.4324, dropped below its 200-day moving average of $1.4351 today, creating a
dead-cross pattern. The euro slid 11.9 percent in less than two months after
the last such cross occurred, dropping from $1.3998 on
Talking Points • Japanese Yen: Down Across the Board
• Pound: Trade Deficit Widens as Imports Jump
• Euro: President Trichet Heads to EU Summit Ahead of
Schedule • US Dollar: Wholesale Inventories, IBD/TIPP
Economic Optimism on Tap British Pound Gives
