Greenback Has the Blues, British Pound Has a Bounce
The British pound is prancing, the dollar's in a funk, and the loonie is on a downdraft - time for your FX Fix.
Greenback blues: U.S. housing starts fell in April, bolstering the case for continued low interest rates. [CNBC]
The British pound is jumping after April inflation came in higher than expected. [AFP]
The Canadian dollar dipped after dismal U.S. housing data suggested weakness ahead for Canada's major trading partner. [Reuters]
Comments by the Bank of Japan are weighing on the yen. [actionforex.com]
Talk that two big Japanese companies could be making big overseas acquisitions isn't helping either, because of expected yen outflows. [WSJ]
CME Group introduced clearing for over-the-counter currency transactions by offering clearing for dollar-Chilean peso contracts. [FT]
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.