Morning forex briefing
The USD is about unchanged to start
the New York session after loosing ground overnight on follow-through selling.
In Asia, rhetoric from Treasury Secretary Paulson kept traders nervous ahead
of the close and the USD was on the defensive for most of the session. Traders
are watching developments in Asia closely for clues to the near-term direction
in the USD and Paulson’s remarks were benign; he said that FX rates were not
discussed in his meeting with the Chinese—