Dollar Slides, Pound Lifts, Jobs Data Looms
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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