Euro Zone Slows, Safe Haven Yen Gets a Lift
Manufacturing indicators abound, and Myanmar sets the kyat free — it's time for your FX Fix.
The euro zone manufacturing sector shrank for an eighth straight month, but the euro held steady. [Reuters]
British manufacturing, though, grew at its fastest rate in ten months, making more monetary stimulus less likely. [CNBC]
Myanmar set a reference rate of 818 kyat per dollar on the first day of its managed floating currency regime. [CNBC]
Japanese exporters remain bearish despite recent weakness in the yen. [FT]
Despite stronger than expected Chinese data, concerns about the global economy sent the Australian dollar lower and lifted the yen. [Reuters]
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