The Pound Gets Pounded and the Aussie Dollar Is Dancing
It's a rough day for the British pound, but the sun is shining down under — it's time for your FX Fix.
The British pound hit a 2011 low against a basket of other currencies, thanks to an uncertain economic outlook and sales of the pound to buy Australian dollars and deal with flood repairs. [Reuters]
Did buyers of Japanese equities drive the yen's post-quake surge on March 16? [WSJ]
A decent upward revision in fourth quarter US GDP is helping the dollar. Finally. [IBTimes]
EU summit takeaway: Finland and Germany are stubborn, and now the euro is lower. [forexnewsnow.com]
Apparently investors have shrugged off natural disasters in Australia earlier this year. The Aussie is close to a 29-year high against the U.S. dollar.
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