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Dollar Drags, Brazil's Real Sags

Tuesday, 7 Jun 2011 | 9:35 AM ET

The dollar is dragging again, and the real is returning to earth. Here's your Tuesday FX fix.

Japan's finance minister warned against speculative yen buying after the yen rose sharply against the dollar overnight. [WSJ]

A Chinese forex regulator warned about the risks of excessive dollar holdings, and the dollar weakened.[fxstreet.com]

In fact,nobody likes the dollar. Again. [WSJ]

Eurogroup's Jean-Claude Juncker said the euro is overvalued, but it's trading up anyway. [ibtimes.com]

Could the eurozone be amplifying crises rather than muting them? [FT]

The Brazilian real weakened on concerns about Europe and a domestic political scandal. [WSJ]

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