Euro Slips, Safe Havens Lift, European Central Bank Meeting Looms
Economic reports disappoint and debt crisis skeptics get louder - it's time for your FX Fix.
With skepticism growing about the likely impact of any European Central Bank action on the debt crisis, the euro slipped in Asian trading. [CNBC]
Disappointing economic reports from Australia and China sent investors running for the safe-haven dollar and yen. [dailyfx.com]
Despite respectable second quarter economic growth, slumping iron ore prices weighed on the Australian dollar.
The U.K. services PMI was stronger than expected, but the British pound showed little reaction. [RTT]
Companies' seasonal demand for dollars sent the yuan lower. [WSJ]
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