Dollar Slides, Pound Lifts, Jobs Data Looms
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After the Federal Reserve confirmed that it will continue its bond buying plan, the dollar hit its weakest level in more than five weeks. [FT]
Disappointing German retail sales data and a fourth-quarter loss for Deutsche Bank sent the euro below the 14-month high set a day earlier. [CNBC]
The British pound continued to correct its losses since the beginning of the year, helped by a better than expected report on home prices. [dailyfx.com]
With weakness in the euro zone economy, investors are starting to question how much higher the euro can rise before materially denting exports. [WSJ]
Weakness in Asian currencies like the Australian dollar and Korean won curbed the rise of the Chinese yuan despite solid corporate demand. [CNBC]
London offshore yuan trading rose 150% in the first half of 2012 from a year earlier. [WSJ]
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