Dollar Corrects, Yen Slips, Rand Falls
By: Kelley Holland | News Writer
The dollar corrected higher, rising against all its major counterparts, after Thursday's selloff. [dailyfx.com]
Japanese Prime Minister Shinzo Abe said the Bank of Japan should add employment to its existing mandate, and the yen slipped further against the dollar. [CNBC]
A disappointing U.K. industrial production report sent the British pound lower. [dailyfx.com]
The Chinese yuan closed near a record high after strong economic reports and indications that the central bank would tolerate the currency's appreciation. [CNBC]
Fitch downgraded South Africa's sovereign debt, and the rand fell. [bdlive.co.za]
For currency hedge funds, the good times have stopped rolling. [WSJ]
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