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Dollar Bounces, Won is a Winner

Monday, 2 May 2011 | 8:09 AM ET

The dollar rose on the Bin Laden news, and South Korea's trade surplus lifted the won — time for your FX Fix.

The dollar is jumping on news of Osama Bin Laden's killing by U.S. forces, but traders don't expect the bounce to last. [Reuters]

After touching $1.10, the Australian dollar gave back ground on the Bin Laden news. [Sydney Morning Herald]

Better than expected manufacturing data pushed the euro higher after slipping against the dollar. [fxstreet.com]

South Korea's robust trade surplus pushed the won to a 32-month high against the dollar. [WSJ]

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