Currencies

Wen Rebuffs U.S. Calls for Higher Yuan, Risking Retaliation From Congress Chinese Premier Wen Jiabao rebuffed calls for the yuan to appreciate, risking a further downturn in relations with the U.S. where lawmakers and economists say his stance is hampering a global recovery.

Dollar, Yen Weaken as Investors Seek Currencies Linked to Economic Growth The dollar and yen fell versus all of their major counterparts as concern eased Greece would default and European and U.S. reports signaled the economic recovery is accelerating, fueling appetite for riskier assets.

Futures Traders Increase Wagers on Euro Decline Against Dollar to Record Futures traders placed the biggest bets on record that the euro will decline against the dollar even as European officials mulled guaranteed debt sales to help Greece survive a budget crisis that may threaten the monetary union.

Canada's Dollar Approaches Parity With U.S. For First Time Since July 2008 Canada’s dollar came the closest to parity with its U.S. counterpart since July 2008 as traders bet faster-than-forecast job creation increases odds that the central bank will raise interest rates.

Goldman Sachs Says Buy the Euro Against the Dollar, May Advance to $1.45 Investors should buy the euro against the dollar, betting it may rise to $1.45, as sentiment toward Greece improves, Goldman Sachs Group Inc. said.

Yen to Drop to 100 as Deflation Spurs BOJ to Add Cash, CIB's Kotecha Says The yen is likely to weaken to 100 per dollar, a level last seen in April, as the Bank of Japan pumps money into the financial system to combat deflation, according to Credit Agricole Corporate and Investment Bank.

Pimco Says Chile Peso Not `One-Sided Bet' Investors See After Earthquake Chile’s peso will begin weakening late this year as the country’s worst earthquake in 50 years slows economic growth and record-low interest rates sap demand for fixed-income assets, Pacific Investment Management Co.’s Guillermo Osses said.

Mexico Peso Posts Fifth Weekly Gain on Signs U.S. Economy Is Recovering Mexico’s peso had its fifth weekly gain, the longest winning streak since August, as signs of a U.S. economic recovery boosted export prospects for the Latin American country.

Euro May Break Resistance to 5-Week High Against Yen: Technical Analysis The euro may rise to a five-week high against the yen after breaking through a key level of resistance, Ueda Harlow Ltd. said.

Swiss Franc Strengthens to Below 1.46 Per Euro for First Time in One Year The Swiss franc strengthened to below 1.46 per euro for the first time in more than a year.

Pound Rises for a Second Day Against Dollar as Britain's House Prices Jump The pound climbed for a second day against the dollar on speculation this year’s drop was excessive as a report showed house prices rose at the fastest pace in seven years, mitigating concern about the economy.

ECB's Nowotny Sees `Debt-Spiral' Threat Unless Governments Reduce Deficits European Central Bank council member Ewald Nowotny said that some euro-region governments may face a “debt spiral” if they don’t starting cutting their budget deficits next year.