Yen Lifts, Dollar Dips, Tokyo Makes a Promise


Japan's finance minister said Tokyo will buy European rescue bonds, and the improved sentiment toward the euro zone lifted the euro against the dollar. [WSJ]

Investors who had sold the yen on expectations of aggressive monetary easing took profits on their trades, and the euro and dollar sagged against the yen. [CNBC]

With the euro zone crisis apparently calming, British pound investors are refocusing on the British economy - and the pound is faltering. [WSJ]

Australia posted its widest trade deficit in almost five years, and the Australian dollar slipped. [WSJ]

Norway's credit indicator rose and manufacturing output contracted less, potentially reducing the likelihood of an interest rate hike and making krone trading choppy. []

China's central bank set its strongest midpoint in eight months for the yuan, which closed just short of its all-time high. [CNBC]

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