The News Review:

- WRLD FREX: Dollar Dominates As Commodity Currencies Sell ff
- WRLD FREX: Dollar Sold Vs All Major Currencies
- FREX-Euro slides ahead of ECB refi op; Fed awaited

WRLD FREX: Dollar Dominates As Commodity Currencies Sell ff
Wall Street Journal
dollar is broadly higher late Monday morning on renewed risk aversion with the commodity currencies such as the Canadian and Australian dollars in particular are selling off sharply as commodity prices recede. The euro has trimmed its losses somewhat as market players reverse an earlier rush into short positions against the common currency. The Australian dollar is trading around 79.
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WRLD FREX: Dollar Sold Vs All Major Currencies
Wall Street Journal
Moody’s said California’s A2 general obligation rating as well as the ratings for lease debt and other state-backed debt are on Watchlist for possible downgrade. Concerns on California stem from an expected budget gap and announcements by the state controller that without solutions the state won’t be able to meet all its financial obligations in July. “The state set no limits on spending and we’re heading that way across the.
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FREX-Euro slides ahead of ECB refi op; Fed awaited
Reuters India
9 * Market wary before Fed meeting U. debt auctions (Changes byline adds quote updates prices) By Farah Master LNDN June 22 (Reuters) – The euro fell against the dollarand yen on Monday and higher-yielding and commodity-linkedcurrencies also slipped on investor concern for global growthprospects. The euro came under pressure as the market awaited theEuropean Central Bank’s first ever one-year refinancingoperation on Wednesday aimed at getting banks lending again andreducing the cost of borrowing for banks firms and consumers. “I think the market is just cautious ahead of the ECBrefinancing operation and what it will mean for rates” saidAudrey Childe-Freeman currency strategist at Brown BrothersHarriman.