Euro Lifts, Yen Slips, China Weighs on the Aussie
The yen keeps slipping and housing data awaits - it's time for your FX Fix.
The euro hit a five-month high against the yen as investors added to bearish bets on the Japanese currency. [CNBC]
Traders awaited a new existing home sales report, and the dollar fell slightly. [Reuters]
A counteroffensive may be emerging in the so-called currency war as developing economies weaken and western money-printing goes on hold. [CNBC]
China's central bank guided the yuan weaker, but it rose against the dollar anyway as traders took profits. [WSJ]
Concerns about a slowdown in China continued to weigh on the Australian dollar. [WSJ]
The British pound edged lower after the release of the minutes from the Bank of England's recent monetary policy meeting. [RTT]
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