British Pound Sinks and the Dollar Sags
The British pound is sinking, and the World Bank is down on the dollar. Here's your daily FX Fix.
The dollar was lower against most major currencies this morning as investors' risk appetite returned - sort of. [WSJ]
The British pound sagged after the Bank of England released minutes from its May meeting. [FT]
The euro moved lower on concerns about Greece. Talk now is of a "soft" restructuring. [Reuters]
Moody's downgraded several top Australian banks, but the Australian dollar is stronger anyway. [WSJ]
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