China's Banks Warned, British Pound Slapped
China's banks are unexpectedly fragile and the Royal Bank of Australia is a dove - it's time for your FX Fix.
Moody's is warning about the quality of Chinese bank loans. [marketwatch.com]
The dollar is bouncing back on worries about China and talk that U.S. companies will repatriate funds. [Reuters]
Worries about Chinese banks and dovish comments from the Royal Bank of Australia are hitting the Australian dollar. [WSJ]
It's the best of times, the worst of times in the euro zone. [Reuters]
Eleven of fifteen economists polled expect Malaysia's central bank to raise interest rates this week. [CNBC]
Barclays Capital cut its forecast for the British pound and no longer expects it to strengthen this year. [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.