Currencies

Dollar Strengthens After Dubai Debt Delay Fallout Spurs Demand for Safety The dollar rose against most major counterparts as Dubai’s attempt to delay debt spurred investors to sell higher-yielding assets funded with the currency.

Canada's Currency Weakens as Appetite for Higher-Yielding Assets Declines Canada’s currency touched the lowest level in almost three weeks as investors, shaken by Dubai’s attempt to reschedule its debt payments, sought to unwind bets in higher-yielding assets including commodity-linked currencies.

Goldman Sachs Says Bolthouse Won't Pay Fees to North Sea-Advised Lenders Wm. Bolthouse Farms Inc. won’t pay fees to some of its lenders for agreeing to change the terms of a credit agreement after they asked that their adviser also be compensated, people familiar with the transaction said.

Credit-Default Swap Reforms Roiled as Aiful, Cemex, Thomson Test Payments Wall Street’s system for determining payments on derivatives linked to the debt of defaulted companies is showing cracks less than a year after securities firms changed practices to avoid “Draconian” regulation.

Mexico's Peso Heads for Weekly Gain on Outlook Decision by Fitch Ratings Mexico’s peso headed for a weekly gain as Fitch Ratings’s decision to shift the country’s outlook to stable damped speculation there will be more downgrades.

Colombia Peso Plunges to Weakest Level in Three Weeks on Dubai Debt Crisis Colombia’s peso dropped to the weakest level in more than three weeks as Dubai’s proposal to delay debt payments pushed declines in commodities and drove investors away from higher-yielding, emerging-market assets.

Emerging Market Currencies, Stocks Slump as Dubai Dulls Allure of Yields Developing-nations’ stocks dropped the most in a month and currencies weakened as Dubai’s attempt to reschedule its debt drove investors away from higher-yielding assets and commodities retreated.

Pound Falls Against Dollar on Risk Aversion, Concern U.K. Growth Slows The pound declined against the dollar after a drop in stocks across the world prompted investors to sell U.K. assets and on speculation the government will downgrade its forecast for the economy.

Putin Says Dubai Is a `Blip' on Recovery Path, Ruble Drop Helps Exporters Prime Minister Vladimir Putin said market declines linked to Dubai’s debt warning are a “blip” that won’t derail a global economic recovery and may even help some domestic companies.