Dollar Bears Prowling, Kiwis Flying
The dollar hit new lows after Bernanke's comments, but New Zealand's central bank moves can't keep the kiwi down - time for your FX Fix.
Fed Chairman Ben Bernanke's comments yesterday have fully unleashed the dollar bears. [WSJ]
The Royal Bank of New Zealand left interest rates unchanged, but the kiwi is still flying high. [nasdaq.com]
The euro is within striking distance of $1.50 in the wake of Bernanke's discussion of U.S. economic weakness. [Reuters]
Japanese industrial production plummeted - of course - but even that wasn't enough to give the dollar anything to outperform. [forexyard.com]
Chile's peso has hit a three-year high, but the central bank may not step up its intervention until it moves even higher. [FT]
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