Currencies

Euro Falls Versus Dollar as Some Finance Ministers Rule Out Aid for Greece The euro snapped three days of gains versus the dollar after some European finance ministers ruled out aid for Greece as the nation seeks to narrow the largest budget deficit in the common-currency region.

U.S., U.K. Moving Closer to Losing Their AAA Debt Ratings, Moody's Says The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.

Pound Bears Bet More Than When Soros Beat BOE on Greece-Like U.K. Deficit Futures traders are more bearish than ever on sterling amid concern that the currency’s worst annual start in 13 years will continue as the U.K.’s budget deficit approaches the Greek shortfall that roiled the euro.

Wen's Rejection of Stronger Yuan Draws `Head in Sand' Retort From Grassley China’s Premier Wen Jiabao rebuffed calls for the yuan to appreciate, risking a further deterioration in relations with the U.S. where lawmakers and economists say his stance is hampering a global recovery.

Swap Rates Jump as Jobs Signal Central Bank Will Move Soon: Canada Credit Investors are betting Bank of Canada Governor Mark Carney will move earlier than previously thought to raise borrowing costs, pushing rates on derivatives linked to monetary policy to the highest in more than a year.

Chile, Peru and Argentina: Latin American Local Bond and Currency Preview The following events and economic reports may influence trading in Latin American local bonds and currencies today. Bond yields and exchange rates are from the previous session.

Commercial Mortgage Debt Rallies as TALF Draws to a Close: Credit Markets Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery.

Dollar May Climb `Substantially' Against Yen on Any BOJ Easing, UBS Says The dollar may strengthen against the yen should the Bank of Japan loosen policy further at this week’s meeting, according to UBS AG.

British Pound Weakens on `Hung Parliament' Concern, Moody's Rating Risk The pound snapped a two-day gain against the dollar as a poll showed no parliamentary majority will emerge in the next election and Moody’s Investors Service said the U.K. has moved closer to losing its AAA credit rating.

Czech Euro Adoption Is Possible in 2015 at Earliest, Finance Minister Says The Czech Republic may be able to adopt the euro in 2015 if it meets the European Union’s demand and cuts the budget deficit to within the bloc’s limits in the next three years, Finance Minister Eduard Janota said.