Dollar Holds, Yen Slips, Euro Worries Persist
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The dollar holds steady and the yuan's impact has been greatly exaggerated - it's time for your FX Fix.
With the yen gaining appeal as a funding currency for trades, it hit a five-month low against the euro. [CNBC]
Ahead of a speech by New York Fed President Bill Dudley, the dollar stabilized against the yen and the euro. [fxstreet.com]
The British pound held near a 10-week high ahead of an inflation report and the release of Bank of England meeting minutes. [Reuters]
The Chinese yuan's impact on global economic imbalances has been completely overblown, says Stephen Roach, formerly a top exec at Morgan Stanley. [CNBC]
A majority of investors in a Barclays Capital survey expect another euro zone country to restructure its debt, and they are bullish on the dollar. [WSJ]
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