Pound Is Weighed Down, Dollar Is Drooping

Wednesday, 8 Jun 2011 | 7:50 AM ET

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]

The Chinese yuan is being guided higher for a third day. [WSJ]

PIMCO, the bond fund giant, is launching a foreign currency ETF. [businessinsider.com]


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