Euro Lifts, Kiwis Fly
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]
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.