Euro Lifts on GDP, Aussie Slips on Positioning
The GDP report lifts the euro but retail sales leave the kiwi cold - it's time for your FX Fix.
Euro zone GDP shrank as expected in the second quarter, with France and Germany performing above forecasts, and the euro rose. [CNBC]
Investors who sold the euro against the Australian dollar unwound some of their positions, and the Australian dollar slipped. [fxstreet.com]
Retail sales were stronger than expected in New Zealand, but the news failed to lift the New Zealand dollar. [WSJ]
British inflation unexpectedly rose in July, beating forecasts, and the pound lifted briefly. [dailyfx.com]
The yuan closed modestly higher after a dip in the dollar sparked a rally, and traders said excess dollar buying seemed to be fading. [CNBC]
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about at firstname.lastname@example.org.