Currencies

Yen Falls Against Euro on Speculation BOJ to Take More Credit-Easing Steps The yen fell for a third day against the euro on speculation the Bank of Japan will take further steps to add funds into its financial system as the world’s second-largest economy struggles with deflation.

Feldstein Says Euro's Declines Are a Result of `Panic Selling' Over Greece Harvard University Professor Martin Feldstein said the euro’s 4.6 percent decline against the dollar this year has been “panic selling” stemming from the financial crisis in Greece.

Euro May Break Resistance to 5-Week High Against Yen: Technical Analysis The euro may rise to a five-week high against the yen after breaking through a key level of resistance, Ueda Harlow Ltd. said.

Dollar to Keep Reserve Role If Markets Stay Sound, Standard & Poor's Says The dollar will retain its status as the world’s reserve currency as long as U.S. financial markets are sound and government spending is sustainable, Standard & Poor’s said.

Venezuela Bolivar May Sink as Low as 9 Per Dollar This Year, Barclays Says Venezuela’s bolivar may fall as low as 9 per dollar in the “worst scenario” as the government refrains from selling U.S. currency in the unregulated market to preserve foreign reserves, Barclays Plc said.

Canada Dollar Gains for 10th Day Before Jobs Report as Stocks, Crude Rise Canada’s dollar traded near the strongest level in five months against the greenback as crude oil and stocks gained before a report tomorrow forecast to show the nation’s economy added jobs in February.

Mexico Peso Gains to Three-Month High on Demand for High-Yielding Assets Mexico’s peso rose to the strongest level since December as a rally in U.S. stocks fueled demand for higher-yielding emerging-market assets.

Swiss Franc Weakens Against Euro; SNB Says It Will Prevent Excessive Gains The Swiss franc weakened from its strongest level in a year against the euro after the central bank said it will slow the currency’s appreciation to protect Switzerland’s economic recovery.

British Pound Strengthens Against Dollar, Euro After BOE Inflation Survey The pound strengthened, snapping a three-day decline against the dollar and the euro, after U.K. inflation expectations climbed to the highest since November 2008, fueling speculation interest rates may rise.

Hildebrand Says Swiss Central Bank Will Tighten Policy Stance Eventually Swiss central bank head Philipp Hildebrand said officials won’t keep interest rates close to zero indefinitely as the economy shows signs of recovery.

Goldman Sachs Lowers Forecasts for Euro on Growth, Pound on U.K. Election Goldman Sachs Group Inc. cut its forecasts for the euro against Norway’s krone, the Swiss franc, the Swedish krona and Polish zloty, citing an “increasing focus on growth differentiation.”