Currencies

Dollar Falls on Bets U.S. Jobless Rate of 10.2% Will Keep Fed Rate Low The dollar fell against the euro on speculation the Federal Reserve will keep borrowing costs near zero into next year after the U.S. unemployment rate exceeded 10 percent for the first time since 1983.

Canada's Dollar Tumbles as Employers Unexpectedly Cut Payrolls in October Canada’s dollar fell after employers unexpectedly cut jobs in October and a report in Washington showed the U.S. unemployment rate rose to a 26-year high, casting doubt on the economic recovery’s strength.

Darling Says G-20 Needs a Plan to Avoid `Catastrophic' Asset-Price Bubbles U.K. Chancellor of the Exchequer Alistair Darling said the Group of 20 nations should develop a way to tackle asset-price bubbles as the world’s leading economies recover.

World's Central Banks Signal End to `Largesse' as Depression Threat Fades The world’s biggest central banks are starting to unwind emergency measures introduced earlier this year to stave off a second Great Depression.

Mexico's Peso Falls on U.S. Jobless, Biggest Weekly Decline Since Sept. Mexico’s peso fell, capping the biggest weekly decline since September, on rising unemployment in the U.S. and investor concern the country won’t be able to stave off its first credit-rating downgrade since 1995.

Brazil Real Posts Best Weekly Gain in 3 Months as Tax Fails to Stem Rally Brazil’s currency posted its biggest weekly gain in three months, heightening speculation the government may be planning measures to curb dollar inflows after a tax on stocks and bonds failed to reduce gains in the real.

Yuan, SDRs Won't Replace Dollar as Reserve Currency, Pimco Executives Says The International Monetary Fund’s Special Drawing Rights or the broader use of currencies including the yuan won’t replace the global reserve position of the U.S. dollar, according to Pacific Investment Management Co. executives.

Latvia Spares Currency, Devalues Economy to Secure Path to Euro Adoption Electronics and clothing stores at the Galerijas Centrs in Riga’s old town fly banners offering discounts of as much as 50 percent.

Euro `Back in Play,' to Breach $1.50, Citigroup Says: Technical Analysis The euro may climb as much as 3 percent against the dollar after finding support at its 55-day moving average, Citigroup Inc. said, citing trading patterns.

BOE May Tackle Inflation Before ECB, Helping Lift the Pound, SocGen Says The Bank of England may be forced to react to contain inflation before the European Central Bank, which may help lift the pound in coming months, according to Societe Generale SA.

South African Rand Poised for Best Week Since August on Gold, Reserves The rand gained, posting its biggest weekly climb in more than three months, as gold rose and South African reserves data supported a central banker’s remark that policy makers won’t try to weaken the currency.

Norwegian Krone `Storm' Prolongs Manufacturing Crisis After Rate Increase Norway’s biggest industry group warned the krone’s 7.2 percent advance against the euro since July is eroding profits at manufacturers like Norsk Hydro ASA, Europe’s second-largest aluminum producer, and says further gains will create “big problems” for the export-reliant economy.