Forex News: Sentiment in Asian markets bolstered by New York Times report U.S. government considering plan to take over one or both of major GSEs - Fannie Mae and Freddie Mac - and place them in conservatorship if their problems worsen: stocks turn up; Kospi ends +2.0%, Taiwan +2.4% after some early, choppy price action; Nikkei closes off 0.2%. USD up vs JPY, EUR with USD/JPY at 107.17, EUR/USD down at 1.5779. Gold at $942.80/oz, down $3.60 on NY close. On data front, June's consumer sentiment worsened for third straight month; index down 1.3 points to 32.6, a new record low, from May's 33.9. India WPI +11.89% Y/Y in week ended Jun 28 vs 11.63% previous week, +11.73% tipped in Dow Jones poll. Malaysia's May industrial output +2.5% on-year, slowest annual rise in 9 months, suggesting GDP growth may have slowed in 2Q, economists say. REINZ report shows NZ June house prices down 1.5% vs May; median house price NZ$340,000, down 2.2% Y/Y vs May's 1.4% decline; number of homes sold down 1.5% M/M to 4,305; will likely support expectations RBNZ will cut rates soon.
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