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Pound Slides, Kiwi Tumbles, Aussie Slips

Wednesday, 20 Feb 2013 | 8:03 AM ET
CNBC

Japan's prime minister backed away from the idea of a foreign bond fund, a day after the finance minister expressed that view, and the yen rose. [CNBC]

The Bank of England's monetary policy committee was split on more bond purchases earlier this month, meeting minutes show, and the pound fell. [CNBC]

New Zealand's central bank governor threatened intervention in the forex markets, saying the New Zealand dollar is overvalued, and it fell. [FT]

The Confidence Board Leading Indicators for Australia fell slightly, and the Australian dollar weakened. [dailyfx.com]

Arguing against active management of exchange rates, German Chancellor Angela Merkel said a euro between $1.30 and $1.40 was normal. [CNBC]

Swiss investor sentiment rose sharply on expectations that the Swiss franc will weaken in the months ahead. [CNBC]

Egypt's central bank sold $37.6 million to banks, but had offered to sell $40 million, and the rate was slightly lower than the last sale. [CNBC]

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