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The Dollar Gets No Respect, and Moody's Is Down on Greece

Traders are "short" the dollar, and Moody's has downgraded Greece - a lot. Your daily FX fix, right here.

The dollar's still in the dumps: hedge funds and FX dealers have increased their bets against the dollar to record levels. [FT]

The dollar isn't just down against the major currencies. The Vietnamese dong rose 2% against the dollar in the last week after the central bank took steps to curb inflation. [CNBC]

Moody's downgraded Greece's debt by three notches. Big deal, said euro traders, and the euro rose to a four-month high against the dollar. [CNBC]

Is a significant New Zealand rate cut in the offing? Traders sure seem to think so. [FT]

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