Yen Sinks, Pound Drops, Aussie Gains
By: Kelley Holland | News Writer
Hints that monetary stimulus from the Bank of Japan may come sooner than expected sent the yen to a 3 1/2 year low against the dollar. [CNBC]
A report on British industrial and manufacturing production data was weaker than expected, sending the pound lower. [FT]
The euro continued to hover near 1.3000 as investors searched for clues to whether the euro zone economy is beginning a recovery or vulnerable to Italy's political instability and France's financial frailty. [dailyfx.com]
Investors lowered their expectations for an interest rate cut in Australia, and the Australian dollar rose. [WSJ]
Rising U.S. stocks bolstered investor sentiment, and the New Zealand dollar lifted. [WSJ]
Broad U.S. dollar gains and concerns about North Korea provocations sent the South Korean won lower. [brecorder.com]
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