Yen Slips, Loonie Dips, Euro Gets a Lift
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A better than expected euro zone PMI sent the euro higher against the yen and the dollar. [CNBC]
Investors covering positions after the yen's sharp rise over the past few days sent it lower against the dollar. [CNBC]
A record trade deficit in Japan added to downward pressure on the yen. [FT]
The Bank of Canada indicated that it may hold off on an interest rate hike this year, contrary to expectations, and the Canadian dollar fell. [WSJ]
An upbeat PMI report from China failed to lift the Australian dollar, but the New Zealand dollar moved close to a high touched earlier in the month.
Poor Polish retail sales reinforced expectations that the central bank will cut interest rates, and the zloty fell. [WSJ]
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