Dollar Slips, Aussie Lifts, Pound Lightens
The euro zone's composite PMI survey beat forecasts, but the euro zone remained in contraction, and the euro rose slightly, but quickly retreated. [CNBC]
The dollar fell against the yen following the confirmation hearings of two nominees for key Bank of Japan posts. [CNBC]
An improved U.K. services PMI sent the British pound higher. [dailyfx.com]
Australia's central bank held rates steady, and the Australian dollar rose only slightly since most investors expected no change. [CNBC]
The Australian rate decision, and a pickup in Australian retail sales, lifted the New Zealand dollar. [WSJ]
Cyprus, the next euro zone country likely to receive a bailout, agreed to an independent review of its money-laundering controls. [WSJ]
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