Pound Gets a Lift, Kiwi Loses Steam
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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