The dollar inched up against the yen in Tokyo Friday as traders bought the currency to settle their accounts before the holidays.

CHICAGO – Dec 20/07 – SNS — Following is the currency futures comment from Alaron Trading Corp.

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The US government declined to name China a currency “manipulator” but said in a report Wednesday that the Chinese yuan remains severely undervalued against the dollar.

CHICAGO – Dec 19/07 – SNS — Following is the currency futures comment from Alaron Trading Corp. The BP opened lower at 2.0025 as news that the last rate cut decision wan unanimous, 9-0 and could lead the way to further rate cuts in 08′.

Reuters – Turkish warplanes bombed areas in
northern Iraq on Sunday for the second day in a row but caused
no casualties, an Iraqi Kurdish official said.

AP – Turkish fighter jets bombed Kurdish rebel targets in northern Iraq on Sunday, a spokesman for security forces in the Kurdish-run region said.

AFP – US commander General David Petraeus Sunday hailed “fragile” progress towards damping down sectarian bloodshed in Iraq but cautioned against a faster withdrawal of US forces.

AFP – The US ambassador to Baghdad, Ryan Crocker, on Sunday was cautious in acknowledging Iran’s role in helping curb the bloodshed in Iraq, but he also said Tehran could trigger chaos there if it wanted.

Reuters – The U.S. ambassador to Iraq praised
Iran on Sunday for helping to curb Shi’ite militia violence in
Iraq on Sunday, using some of the warmest language Washington
has employed toward its arch foe over Iraq.