Dollar Hangs Tough, British Pound Bounces
Retail sales support the dollar and jobs data lifts the pound - it's time for your FX Fix.
The dollar held steady, near a one-month high against the yen, after Tuesday's upbeat retail sales report. [CNBC]
Reduced hopes for U.S. economic stimulus sent the euro lower in European trading. [fxstreet.com]
Could the dollar finally resume trading on the economic outlook, instead of risk appetite? [CNBC]
The Australian dollar slipped against the U.S. dollar in the wake of the U.S. retail sales report. [WSJ]
A strong employment report, along with meeting minutes from the Bank of England, boosted the British pound. [FT]
Weakness in the Chinese yuan could hinder China's efforts to internationalize its currency. [FT]
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.