Euro Lifts, Kiwis Fly
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Asian investor appetite is boosting the euro and sending kiwis skyward. Time for your FX Fix.
The euro was lifted by reports of Asian interest in Euro bailout bonds. [marketwatch.com]
The British pound rose against the dollar on word of slightly higher inflation. [Reuters]
The dollar weakened overnight as investors awaited the GDP revision. [dailyfx.com]
Even so, dollar bears are getting nervous about the impact of the end of QE2. [FT]
A report that the China Investment Corp. might be in the market for New Zealand dollars sent the kiwi soaring. [nbr.co.nz]
Fun while it lasted: the Hong Kong dollar is weaker now that the Hong Kong piece of the Glencore IPO is over. [WSJ]
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