Euro Slips, Yen Recovers, China Data Is a Downer
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The euro takes a hit and investors ready for more central bank moves - it's time for your FX Fix.
French business activity shrank and euro zone flash PMI data disappointed, sending the euro lower. [CNBC]
The yen recovered from its weakness following the Bank of Japan's stimulus move and rose against the dollar. [Reuters]
With consumers distracted by the Olympics, U.K. retail sales fell slightly in July, but the British pound rose slightly after the report. [RTT]
Continued softness in China's manufacturing sector and weak Asian stocks weighed on the Australian and New Zealand dollars. [CNBC]
In the wake of the Fed's QE3 announcement, officials in other countries are bracing for an onslaught of speculative money in their markets as investors await retaliatory policy moves. [WSJ]
Poland's zloty fell on Thursday as disappointing economic data increased the chances of an interest rate cut. [CNBC]
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