Euro Lifts, Pound Sags, Fed Meeting Looms
The euro gets a lift from Fed easing hopes, and U.K. inflation sags - it's time for your FX Fix.
Some major U.S. investors are putting their money in cash to guard against euro zone fallout. [CNBC]
The euro climbed against the dollar, despite a negative German economic sentiment survey, on speculation that the Federal Reserve may ease monetary policy this week. [Reuters]
U.K. inflation came in softer than expected, and the British pound fell against the dollar and the euro. [CNBC]
The dollar fell against the yen in Asian trading as investors predicted it would weaken further regardless of the outcome of this week's FOMC meeting. [WSJ]
With risk appetite picking up slightly, the Australian dollar got a lift. [fxstreet.com]
Spanish bond yields eased and markets calmed, but the country paid sharply higher rates in its latest auction of short-term debt. [WSJ]
Sweden's unemployment rate rose unexpectedly in May, and the krona fell against the euro. [WSJ]
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