Dollar Falls Versus Yen; Paulson Watching Japanese Currency (Bloomberg.com)

Jan. 31 (Bloomberg) — The dollar fell the most against the yen in more than two months and declined versus the euro after U.S. Treasury Secretary Henry Paulson said he will be watching the Japanese currency “very carefully.”

Paulson hits at China currency reform (Financial Times)

The international community “will run out of patience with China” if it does not speed up currency reform, Hank Paulson, US Treasury secretary, told Congress on Wednesday, adding that he felt “frustrated” by the pace of change.

Canadian Currency Advances Against Dollar (Nasdaq)

(RTTNews) – The loonie saw strength against the dollar during trading on Wednesday. Though the Canadian currency slipped in the early morning hours, the loonie has been climbing steadily through the afternoon to a mark of 1.1758. The loonie remains within a monthly range against the buck.

Dollar grows in MICEX trading on U.S. GDP stats (Interfax)

MOSCOW. Jan 31 (Interfax) – The U.S. dollar gained three kopecks to 26.57 rubles/$1 in Moscow Interbank Currency Exchange (MICEX) trading on Wednesday thanks to good news about the growth of the U.S. economy in the fourth quarter.

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More US troops die in Iraq (AFP)

An Iraqi youth walks past the wreckage of a car at the site where a car bomb exploded in east Baghdad, killing one person. Insurgents have killed three more US troops in Iraq as brutal sectarian violence on the last day of Ashura, the holiest ceremony on the Shiite calendar, left dozens of people dead in the strife-torn country.(AFP/Ahmad Al-Rubaye)AFP – Insurgents have killed three more US troops in Iraq as brutal sectarian violence on the last day of Ashura, the holiest ceremony on the Shiite calendar, left dozens of people dead in the strife-torn country.


Investigators: Millions in Iraq aid wasted (AP)

People clean up after a car bomb blast in predominantly Shiite area in eastern Baghdad, Iraq, Thursday, Jan. 31, 2007. At least one person was killed and six were wounded in the blast.  (AP Photo/Khalid Mohammed )AP – The U.S. government wasted tens of millions of dollars in Iraq reconstruction aid, including scores of unaccounted-for weapons and a never-used camp for housing police trainers with an Olympic-size swimming pool, investigators say.


Greenback Rallied To NOK Early Wednesday (Nasdaq)

(RTTNews) – To the Norwegian currency, greenback rallied early trading New York Wednesday. At about 1:50 am ET, pair was worth 6.2785 but it then strengthened to 6.3125 by about 4:45 am ET. Pair remained higher amid Norwegian economic data came out at 4:00 am.

Euro Reversing Recent Gains Against Aussie (Nasdaq)

(RTTNews) – After a brief uptrend, the European currency ticked down against the Aussie into the overnight trading Wednesday. This came ahead of the German December retail sales and ILO unemployment rate data. However, amid the release, euro bounced back the loses completely.

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