Euro Stalls, Aussie Dollar Falls
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Traders are wondering how much more room the euro has to rise, and trade-deficit numbers are hitting the Australian dollar — it's time for your FX Fix.
Say what? The Chinese raised benchmark interest rates a quarter of a point, as expected, but they did it when the Hong Kong and Chinese markets were closed. [WSJ]
The Australian dollar fell after the Chinese move, and also after disappointing trade figures were released. [WSJ]
Ben Bernanke's comments on inflation vigilance are lifting the dollar. [forextradinglb.com]
Not so the euro, which is sagging as traders wonder how much more room it has to rise. [Reuters]
The British pound, though, is firming after a report of strong service-sector activity. [BBC]
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