News Snapshot:
FILE PHOTO: Chinese 100 yuan banknotes are seen on a counter of a branch of a commercial bank in Beijing A look at the day ahead in European and global markets from Vidya Ranganathan. The U.S. dollar's protracted smile is making China and Japan uncomfortable. China, unencumbered as it is by global pacts and commitments on market rates, has reacted swiftly this week. State banks have sold dollars to slow the yuan's decline, and the mid-point for daily trade has also been adjusted. The next cab off the rank is Japan's finance ministry, and top yen diplomat Masato Kanda is...