Currencies

Dollar, Yen Weaken as Fed Outlook Boosts Asian Stocks, Commodity Prices The dollar fell against most of its major counterparts before a report forecast to show wholesale prices declined for the first time in five months, backing the Federal Reserve’s pledge to keep interest rates near zero.

Senate Pressure May Force Obama to Take Stronger Stance on Yuan's Value The latest push by U.S. lawmakers to target China’s currency policy may force President Barack Obama to take a stronger stance against how the yuan is valued, senators and analysts said.

Feldstein Sees Greece Euro-Exit Pressure as Government Deficit Plan Fails Harvard University Professor Martin Feldstein, who warned almost two decades ago that the euro would prove an “economic liability,” said Greece’s austerity plan will fail and the country may quit the single currency to fix its fiscal crisis.

Fed Officials Signal Recovery Isn't Strong Enough to Warrant Higher Rates Federal Reserve officials signaled the U.S. recovery isn’t strong enough to stoke inflation, reduce unemployment quickly or justify an end to record-low interest rates.

Producer Prices in U.S. Probably Dropped in February as Fuel Costs Cooled Wholesale prices in the U.S. probably fell in February, held back by lower petroleum costs and signaling there are few inflation pressures building in the early stages of the economic recovery.

Bernanke to Tell Congress Fed `Uniquely Suited' for Oversight of Big Banks Federal Reserve Chairman Ben S. Bernanke said the central bank is best qualified to oversee the largest financial institutions and should retain its oversight of smaller banks as well.

Treasury Curve Is Poised to Flatten to September's Low: Technical Analysis The yield gap between 2- and 10- year Treasury notes may narrow to the least since September after failing to rise through the 40-day moving average, according to Credit Suisse, citing trading patterns.

Stiglitz Says Fed `Misjudged,' Stimulus Withdrawal Risks Hurting Housing The Federal Reserve’s decision to let its mortgage-debt purchase programs end this month risks driving up home-loan rates and worsening the housing crisis, Nobel laureate Joseph Stiglitz said.

Russia Wields Three-Pronged Policy Fix to Cap Ruble, Steer Uneven Recovery Russia, the biggest economy still cutting interest rates, will probably deploy a three-pronged strategy to steer an uneven recovery as the ruble soars, inflation hovers at a 12-year low and bank liquidity swells.

Bean Says U.K. Inflation `Surprisingly Resilient' as Pickup Keeps Momentum Bank of England Deputy Governor Charles Bean said price pressures in the U.K. have been unexpectedly strong, suggesting that a sustained recovery could fuel faster inflation.

U.K. Public-Sector Workers Plan to Strike March 24 Over Compensation Cuts U.K. public-sector workers plan to strike March 24, when the government is due to release the budget, over cuts in compensation for those who lose their jobs in upcoming spending reductions, the Public and Commercial Services union said.

British Investment Banks' `Indian Summer' May Not Be Repeated, KPMG Says The “Indian summer” experienced by U.K. investment banks in 2009 was based on volatile markets and government stimulus, a combination unlikely to be repeated, according to accountancy firm KPMG.