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Dollar Index Slips, Asian Currencies Rise

The dollar index hits a speed bump and the loonie lifts off - it's time for your FX Fix.

The dollar index hit a one-month low as investors unwound short positions in the yen and the euro gained. [CNBC]

The Canadian dollar gained on the greenback amid signs of a global economic recovery. [topforexnews.com]

Strong manufacturing data from the U.S. and China lifted emerging Asian currencies. [economictimes.com]

Australia's central bank left interest rates unchanged, as expected, but left the door open to a May rate cut. [CNBC]

Egypt's politics are heightening the risk of a sudden devalutaion of the pound and a currency crisis, analysts say. [CNBC]

Officials in Shanghai plan to launch a program to allow foreign hedge funds and others to raise yuan funds on in mainland China for overseas investment. [WSJ]

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