Pound Is Weighed Down, Dollar Is Drooping
Moody's comments weigh down the pound and the dollar continues its drop. Your FX fix, right here.
The British pound slumped after Moody's warned that slow growth could dent Britain's rating. [FT]
In a speech, Bernanke gave no hint there would be a QE3. The dollar fell anyway. [Reuters]
The Australian dollar is having a worse time of it, falling one percent against the U.S. dollar on worries about a global growth. [Reuters]
PIMCO, the bond fund giant, is launching a foreign currency ETF. [businessinsider.com]
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