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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]

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