Dollar Falls, Germany Stalls
It's Fed-watch time for dollar traders, and it's Germany time for investors awaiting a decision on European Central Bank leadership. Time for your FX Fix.
The dollar is sagging, again, on expectations that the Federal Reserve will not change its loose monetary policy. [CNBC]
Some of them might even strike a deal to allow joint appreciation of their currencies. [WSJ]
Stronger than expected economic reports in Britain pushed the pound higher. [WSJ]
Standard & Poor's cut its rating outlook on Japan's sovereign debt. Currency traders yawned. [Reuters]
Italy's Mario Draghi won approval from France's Nicolas Sarkozy to become the next head of the European Central Bank, but Berlin wants you to know that no one gets the job without their sayso. [Reuters]
UBS may not hold onto its spot as the second-best currency dealer, behind only Deutsche Bank. [WSJ]
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