Risk is On, and Asian Central Banks Are Moving In
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Asian central banks are intervening to stem their currencies' rise, but risk-on investors are not deterred. Get your daily FX Fix right here.
Central banks in Asia are taking steps to curb the rise in their currencies, which could choke off economic growth. [WSJ]
China will allow the yuan to be traded against more currencies. [CNBC]
Risk appetite is on in a big way, and the dollar and yen are suffering. [fxstreet.com]
Not so the euro, which hit a 15-month high against the dollar in the wake of the European Central Bank's widely anticipated interest rate hike. [Reuters]
Is Brazil resigned to a stronger real? Traders seem to think so. [WSJ]
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