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Pound Gets a Lift, Kiwi Loses Steam

Wednesday, 8 Aug 2012 | 8:21 AM ET

Rate talk at the Bank of England boosts the pound, but the New Zealand dollar is coming back to earth — it's time for your FX Fix.

With European stocks losing ground, the dollar rose slightly on demand for a safe-haven currency. [marketwatch.com]

Bank of England Governor Mervyn King said more rate cuts would be counterproductive, and the pound rose. [FT]

Disappointing German trade data sent the euro lower, but the decline was limited by hopes that the European Central Bank will aid Spain and Italy. [CNBC]

Despite an encouraging report on housing, the Australian dollar slipped. [theaustralian.com]

The New Zealand dollar is falling from record levels against the euro as hopes rise that the European Central Bank will aid Spain and Italy. [WSJ]

Could the forex market have its own Knight Capital moment? [WSJ]

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