Easing Hints Dent the Pound, Dollar Lifts
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Investors holding euros opted to take profits on their positions, stalling the currency's rally. [CNBC]
Risk-related currencies weakened and the dollar rose in a period of consolidation in the FX market. [CNBC]
The British pound continued its slide against the dollar amid hints of further easing from the Bank of England following last week's disappointing GDP report. [dailyfx.com]
Japan raised its fiscal 2013 GDP forecast, and the yen firmed after an earlier dip. [RTT]
With investors growing optimistic about the euro zone, safe-haven demand for the Swiss franc has tailed off the the currency looks more like a two-way trade again. [fxstreet.com]
With the expiration nearing of monthly FX futures contracts, the Brazilian real opened slightly stronger against the dollar. [WSJ]
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