Dollar held its biggest decline vs yen in almost two weeks, after - TopicsExpress

Dollar held its biggest decline vs yen in almost two weeks, after U.S. housing data underscored the need for Fed support even as the central bank considers reducing its economic stimulus. * Today: European consumer confidence and French business confidence rise, according to economists; Netherlands sells bonds; ESM sells bills * NOTE: Click here to subscribe to the FX Daybook * Merkel pledges to keep Europe whole as she presses euro area to become as competitive as Germany * U.K.’s Chancellor Osborne gives details of how current administration will guarantee riskier mortgages to boost growth today * Half of economists surveyed by Bloomberg News say Fed will begin trimming its $85b in monthly bond purchases in September * China’s government sees 7% growth as bottom line for tolerance of economic slowdown, Chinese news organizations reports

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