Unrest in Egypt, Safety in Dollars
The dollar is strengtheningas conditions deteriorate in Egypt and investors look for safe havens. Just don't ask about the trade deficit. [RTTNews]
The Royal Bank of Australia's governor is happy with current interest rates, but Aussie dollar investors disagree. [The Australian.com]
China's yuan should play a bigger role in a restructured global monetary system, the IMF said. [Reuters]
Busy doings in Beijing: The ongoing fight against inflation could be hazardous to the health of forex traders' positions, and meanwhile China is taking baby stepstoward making the yuan a global currency. [FT, NYT]
Maybe the third time is a charm. Vietnam devalued the dong. Again. [Reuters]
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