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The dollar is firmer after China rebutted yesterday's Bloomberg story alleging that it was pondering a reduction on U.S. Treasury purchases. USD-JPY broke a run of three consecutive declines, which printed a seven-week low at 111.27 yesterday, in recouping to the upper 111.0s. China's State Administration of Foreign Exchange said that the Bloomberg report was based on "false" information. The remark saw the yield on the 10-year T-note tick lower while giving the dollar a lift. The narrow trade-weighted USD index recovered to within a few pips of 92.47 after seeing a low of 91.92 yesterday.





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