Loonie Is Up, Risk Is Off
The Canadian dollar gets a lift, but risk sentiment is off. Time for your freak-out Friday FX Fix.
Investors worried about global growth are moving out of the euro and British pound and into the dollar and yen. [dailyfx.com]
The pound was also hit by disappointing British industrial output. [FT]
European Central Bank President Jean-Claude Trichet signaled a probable July rate hike, all right, but the euro slipped. [Reuters]
The loonie rose on a solid Canadian employment report. [WSJ]
The Royal Bank of New Zealand got all hawkish in a statement yesterday, and the kiwi is on the rise. [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.