The dollar held a two-day gain versus the yen amid speculation Federal Reserve Chairman Ben S. Bernanke will today provide more information about when U.S. policy makers will start to reduce bond purchases.
Thailand’s baht fell to within 0.4 percent of a nine-month low and bonds dropped as investors wait for a signal from the Federal Reserve on the future of its stimulus program that has spurred fund flows to emerging markets.
Germany’s bonds dropped for a second day as investors weighed what Federal Reserve Chairman Ben S. Bernanke will say about the central bank’s asset-purchase program when he holds a press conference tomorrow.
UniCredit SpA, Intesa Sanpaolo SpA and Commerzbank AG are among banks in Europe most susceptible to stress because they didn’t deleverage enough, according to a study by Switzerland’s Independent Credit View.
The euro has overtaken Sweden’s krona as this year’s best performing major currency, revealing how far European Central Bank President Mario Draghi is falling behind his contemporaries in the foreign-exchange wars.