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.

Papandreou Says Obama Is `Supportive' of Measures to Stem Deficit Crisis Greek Prime Minister George Papandreou said U.S. President Barack Obama expressed support for measures being taken to deal with Greece’s financial crisis.

Posen Says Bank of England Hopes Bond Plan Has `Done it' as Economy Grows Bank of England officials are counting on their 200 billion-pound ($300 billion) bond-purchase program to have succeeded in restoring the economy to growth, policy maker Adam Posen said.

Romania's Rating Outlook Raised to Stable at S&P on Budgetary Commitment Romania’s credit rating outlook was raised to stable at Standard & Poor’s after the government showed its commitment to fulfilling the budgetary terms of an international bailout.