Dollar Finds Traction, Yen Slips on Stimulus Hopes
Corporate earnings weigh and Hong Kong steps in - it's time for your FX Fix.
Disappointing corporate earnings are creating the beginnings of risk aversion, and the dollar found traction. [dailyfx.com]
In the absence of positive news developments, the euro slipped but found support at the 1.3000 level. [fxstreet.com]
The Australian and New Zealand dollars backed off one-month highs against the yen ahead of a new Australian inflation report. [CNBC]
Expectations that the Bank of Japan ill increase its monetary stimulus at its upcoming meeting briefly sent the dollar over the critical 80-yen level. [CNBC]
Investors aren't anticipating an interest rate cut from the Bank of Canada today, but expectations of a more dovish tone sent the Canadian dollar lower. [FT]
The Chinese yuan hit a new high against the dollar on heavy dollar selling by Chinese banks. [WSJ]
Hong Kong's central bank sold its own currency for the second time in less than a week in an attempt to halt its rise against the U.S. dollar. [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.