Dollar Lifts, British Pound Slips
By: Kelley Holland | News Writer
Bernanke lifts the buck and the pound gets hit — it's time for your FX Fix.
Waning hopes for quantitative easing after Fed Chairman Ben Bernanke's testimonysent the dollar index higher. [FT]
Persistent capital flows from overseas are giving the Australian dollar a lift. [WSJ]
Minutes from the Bank of England'sJuly meeting suggest an interest rate cut is possible, and the pound fell. [RTT]
Theyen gained ground after minutes from the latest Bank of Japan meeting showed officials feel the Japanese economy is showing signs of recovery. [RTT]
Deutsche Bank launched a newFX trading system. [WSJ]
There's a new dollar index in town. [WSJ]
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