Saudi Arabia, oil importer?

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Toyota says it will get back to full production by December and Japanese stocks rally

Automakers led Japanese stocks higher today after Toyota Motor (TM) said it expects car production to return to normal by December at the latest. The company expects to begin raising production to regular levels beginning in July in Japan and in August at overseas plants as it recovers from supply-chain disruptions caused by Japan’s earthquake and tsunami.

Bets against the dollar look like they’ve still got time to run

Bets against the dollar look like they’ve still got time to run

Normally I’d be looking for currency traders to reverse their negative bets on the U.S. dollar right about here. But the looming end to the Federal Reserve’s program of quantitative easing, QE2, in June and the timing of any budget deal in Washington makes calling the timing of this reversal much harder. I’d say the odds favor traders letting the current trend run for a while yet—before they take profits and start to bet on a bounce.