Pound Takes a Hit, Aussie Lifts
By: Kelley Holland | News Writer
Bank of England Governor Mervyn King said inflation will stay above target for two years but tighter policy is not the answer, and the pound fell. [CNBC]
The yen rose against the dollar, but steadied against the euro, after a G7 statement aimed at calming currency tensions confused markets. [CNBC]
Euro zone industrial production slumped in December, but the monthly numbers suggested the worst could be over, and the euro rose. [WSJ]
Australian consumer confidence data jumped, lifting the Australian dollar. [actionforex.com]
The New Zealand dollar dipped against the Aussie after the strong Australian consumer confidence report. [WSJ]
Is the G7 wrangling obscuring a bigger potential currency war? [FT]
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