Risk Is On and Dollar's In the Dumps
Risk is in fashion and the U.S. dollar is not, but it's anchors aweigh for the Aussie — time for your Thursday FX Fix.
Low interest rates and the Standard & Poor's outlook change are driving the dollar index to August 2008 levels. [Reuters]
The yuan is hitting a record high against the dollar. [CNBC]
So is the Russian ruble, which has high oil prices as well as dollar weakness on its side. [CNBC]
Even the yen is holding steady against the dollar and the Swiss franc is stronger. [WSJ]
Think the Australian dollar is high? Get used to it. Australia's foreign minister says the country will not "manipulate" its currency. [dailyfx.com]
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm.
"Money in Motion Currency Trading" repeats on Saturdays at 7pm.