European Politics Give Safe Havens a Lift
Singapore reports inflation and France's election roils Europe - it's time for your FX Fix.
European political uncertainties like the first round of the French election had the euro under pressure. [CNBC]
The Australian and New Zealand dollars eased after a soft producer inflation report boosted the odds of an Australian interest rate cut. [CNBC]
With political and economic uncertainty in Europe, the dollar and the yen were lifted by demand for safe havens. [RTT]
Inflation in Singapore jumped more than expected just weeks after the Monetary Authority surprised markets by tightening policy. [WSJ]
China's yuan ended lower as traders remained reluctant to test the wider trading band. [economictimes.com]
Factory activity in China is stabilizing, new flash PMI data suggests, raising the odds that the country can achieve a soft landing rather than a sharp economic contraction. [Reuters]
MULTI CURRENCIES VS THE DOLLAR
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