UPDATE – Japan frets about strong yen s impact on exports (at Reuters)
(For more stories on the Japanese economy, click ) * Yen hits 8-month high vs dollar, nears Nov 14-year peak
FOREX-Dollar on defensive, eyes on U.S. GDP (at Reuters)
The dollar eked out small gains against the euro in early trade on Friday, but remained on the defensive near a three-month low against a basket of currencies on concerns U.S. growth may be disappointingly weak.
CANADA FX DEBT-C$ tracks oil, Toronto stocks higher (at Reuters)
* C$ edges up to 96.51 U.S. cents * Bond prices float higher * Next up: May GDP in Canada, Q2 GDP in U.S.
U.S. Dollar Forecast To Fall Further Against Euro, British Pound, and Japanese Yen (DailyFX)
EURUSD – Euro Forecast to Gain Versus U.S. Dollar GBPUSD – British Pound Turnaround May Be on the Horizon USDJPY – Japanese Yen Positioning Remains USDCHF – Swiss Franc May Continue to Strengthen against Dollar USDCAD – Canadian Dollar Forecast to Break Below Narrow Range GBPJPY – British Pound Forecast to Advance Against Yen View individual currency SSI charts in our FX Sentiment section
Currencies: Euro rises to level not seen since EU-IMF bailout (at MarketWatch)
The U.S. dollar fell to the lowest level in nearly three months versus the euro on Thursday amid positive confidence data for Europe and more downbeat comments about the U.S. credit rating.
