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Canada

Repeat:W/Jobs Back,Canadians Buy Autos --Bucking Global Trend

Canadians are out of step with the rest of the industrialized world, confidently buying new motor vehicles when sales in the United States and many other countries are falling....

Fri, 09/03/2010 - 01:35

FX Update

ASIA FX: US Dollar Stuck in Tight Ranges Before Payrolls Data

The U.S. dollar traded sideways within narrow ranges in Asia Friday, as players waited for the release of tonight's U.S. non-farm payrolls data for August. The FX market started the session with tinge of risk...

Fri, 09/03/2010 - 00:24

North America

ASIA FX: US Dollar Mixed, Greek Woes Still Pulling Euro Down

SINGAPORE, April 22 (MNI) - The U.S. dollar was mixed in Asia Thursday, as weaker yen crosses dragged it lower versus the Japanese currency although it held firm on the euro, with concerns about Greece's fiscal situation and a bailout plan still whittling away at the currency's value.

By midday here, dollar-yen was at Y92.80 compared with where it had started the session, at Y93.05 and down from Y93.14 near the U.S. close overnight.

Euro-dollar was at $1.3386 after a $1.3374 to $1.3397 morning range, and down from $1.3400 traded ahead of the U.S. close overnight.

US Senate Budget Panel Leaders Say Long-Term Outlook Is Grim

By John Shaw

FXWRAP: Dlr Slips vs Euro Despite Greek Woes, Steady vs Yen

By Dennis Pettit

NEW YORK, April 21 (MNI) - The dollar was nursing slight losses vs. the euro late in the Wednesday trading session, but only after scoring solid gains overnight, while the greenback held steady vs. the yen.

Euro-dollar was changing hands at $1.3400 area in afternoon dealings Wednesday, modestly above the $1.3370 level seen early in the U.S. session, the euro locked inside a narrow $1.3360/1.3410 range, seeing its low of the day early in the session before regaining some poise later in the day.

US Senate Budget Chief To Unveil Tighter Budget Than Obama

By John Shaw

WASHINGTON (MNI) - Senate Budget Committee Chairman Kent Conrad will formally unveil Wednesday afternoon a five-year fiscal plan that he says will guide budget deficits down from $1.4 trillion in fiscal year 2010 to $545 billion in FY15.

Text: US's Geithner Applauds Senate Ag Comte Ok of Derivs Bill

WASHINGTON (MNI) - The following is the text of a statement by U.S. Treasury Secretary Timothy Geithner in response to the passage of the derivatives bill through the Senate Agriculture Committee:

The U.S. Department of the Treasury today released the following statement from Secretary Tim Geithner on the Senate Agriculture Committee's passage of the The Wall Street Transparency and Accountability Act of 2010:

US Senate Agr Panel Oks Derivatives Reg Bill on 13 to 8 Vote

By John Shaw

WASHINGTON (MNI) - The Senate Agriculture Committee Wednesday approved a bill by the chairman of the panel, Senator Blanche Lincoln, to toughen regulation of the over-the-counter derivatives market.

US 'Benjamins' Will Have Many New Clues to Authenticity

By Denny Gulino

WASHINGTON (MNI) - The wags were saying the new U.S. $100 bill would have Ben Bernanke's picture on it and that North Korea was also holding its own news conference to debut its version, but no, the unveiling Wednesday morning showed the old Benjamin Franklin is still there, but in new, high-tech surroundings.

IMF Offl: 'Useful,Desirable' for China Currency to Appreciate

By Heather Scott

WASHINGTON (MNI) - China currency appreciation, as part of a move to boost domestic consumption and reduce savings, would be "desirable" for that nation's own interests, but also "useful" in supporting the adjustment advanced economies must make, a senior IMF official said Wednesday.