Currencies

Euro May Decline Against Yen Amid Signs Greece's Debt Crisis Will Linger The euro may fall against the yen for a second day amid signs Greece’s debt crisis will linger, damping demand for the 16-nation currency.

Dollar Favorite Currency of Hedge Fund Managers, Real Second, Survey Says The U.S. dollar is the favorite currency of hedge-fund managers, with the Brazilian real a “distant second,” according to a survey by TrimTabs Investment Research and BarclayHedge.

Canadian Dollar Gains for Eighth Consecutive Session on Outlook for Growth Canada’s dollar rose for an eighth consecutive day, its longest streak in five and a half years, as gains in stocks and persistent strength in commodity prices drove investors into currencies tied to economic growth.

Employers See Little Change in U.S. Second-Quarter Payrolls, Survey Shows The number of U.S. employers planning to keep staffing levels unchanged held at a record high for a second consecutive quarter, signaling sustained job creation will take time as the economy recovers, a private survey showed.

Dollar May Reach 8-Week High Versus Yen, Forecast Says: Technical Analysis The dollar may rise to an eight-week high of 92.30 yen after at least two gauges of daily momentum became positive, Forecast Pte said, citing trading patterns.

Chilean Peso Declines, Snaps Post-Quake Climb as Price of Copper Slumps Chile’s peso slid for the first time in six days as a drop in copper curbed a rally that had been fueled by speculation the government will repatriate overseas savings to fund reconstruction after last month’s earthquake.

Buy Mexican Peso, Government Bonds `on Dips' Amid Yield Search, RBS Says Investors should buy Mexico’s peso and government bonds should their values decline, RBS Securities Inc. said.

Pound's Slide to Help U.K. Outpace Euro Economies, Goldman's Nielsen Says The pound’s drop last week to a 10- month low may help the U.K. economy grow faster than the region sharing the euro, which is hobbled by budget deficits and aging populations, according to Goldman Sachs Group Inc.

U.K. Pound Drops on Waning Housing Recovery, Fitch Budget Deficit Concern The pound fell, approaching the lowest level against the dollar in 10 months, as a report showed the U.K. housing recovery may be flagging and Fitch Ratings said Britain’s government needs to accelerate budget cuts.

Barker Sees `Grounds for Optimism' on Britain's Recovery as Risks Diminish Bank of England policy maker Kate Barker said she is optimistic that the U.K. economy is recovering and that it faces fewer threats than before.

U.K. Treasury Minister Myners Says Banks Haven't Learned Lesson From Crash U.K. Treasury Minister Paul Myners said banks haven’t learned their lessons from the credit crunch, arguing market discipline must go hand-in-hand with government action to restore public faith in financial institutions.