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Dollar Dips, Euro Lifts, Investors Await Bernanke

Bernanke's testimony looms and British inflation sinks - it's time for your FX Fix.

Worries that Fed Chairman Ben Bernanke will hint at more monetary stimulus sent the dollar lower. [CNBC]

Meanwhile, hope for stimulus talk from the Fed chairman boosted risk appetite and sent European stocks and the euro higher. [CNBC]

Buying by hedge funds also lifted the euro as it triggered a flurry of stop-loss buying by other investors. [CNBC]

British inflation fell faster than expected, and the pound slid. [Reuters]

Spain sold short-term debt at lower rates in its first debt auction since the government's latest package of austerity measures. [CNBC]

The rupiah's slidein recent months suggests investors are worried about the outlook for Indonesia's economy. [WSJ]

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