Euro Lifts, Dollar Slips
The euro is strengthening on solid GDP reports, but the latest CPI data fails to inflate the dollar — it's time for your FX Fix.
Debt worries? What debt worries? Strong GDP figures in France and Germany are lifting the euro. [Reuters]
The Australian dollar moved sharply higher on the data from Europe. [WSJ]
The dollar is slipping after U.S. inflation numbers didn't build a case for higher interest rates. [CNBC]
The Bank of Korea held interest rates steady, surprising traders, and the won slipped. [WSJ]
Goldman Sachs and Morgan Stanley are launching yuan-denominated private-equity funds. [WSJ]
Hong Kong will set up a yuan fixing rate, which should boost offshore yuan trading. [WSJ]
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