Dollar Reverses Course, Pound Steadies
Investors warily awaited data on U.S. inflation, and the dollar index retreated from recent highs. [CNBC]
Japan's parliament approved the new pro-stimulus Bank of Japan leadership, and the yen steadied. [CNBC]
Euro zone inflation was confirmed at 1.8 percent, allowing the European Central Bank to stay accommodative, and the euro rose slightly. [dailyfx.com]
The Australian dollar closed in on the 100-yen level as strong economic reports buoyed the currency. [CNBC]
Bank of England Governor Mervyn King said the pound is now properly valued, and it rose slightly off recent lows. [FT]
Portugal will receive its next tranche of aid, and a one-year extension on meeting its deadline for implementing spending cuts. [fxstreet.com]
The Korean won fell for a seventh straight day on dollar buying by foreigners. [brecorder.com]
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Terms Dictionary. Top currency strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about - email us at firstname.lastname@example.org.