Yen Slips, Pound Lifts, Yuan on a Roll
Easing hopes hit the yen and British GDP rebounds — it's time for your FX Fix.
The yen hit a four-month low against the dollar on expectations of more easing from the Bank of Japan. [CNBC]
GDP in the U.K. rose at its fastest rate in five years, and the British pound rose. [WSJ]
After the Federal Reserve left interest rates unchanged, as expected, and offered no surprises, the dollar turned slightly softer overnight. [actionforex.com]
Recovering confidence in the Chinese economy sent the yuan to a record high against the dollar. [WSJ]
New Zealand's central bank held interest rates steady, and the New Zealand dollar rose. [dailyfx.com]
The Swedish krona dipped after the Riksbank left the repo rate unchanged, but when it said it expects it to be lower in the fourth quarter, the krona reversed course. [fxstreet.com]
Brazil's finance minister has admitted that the government is closely controlling the level of the Brazilian real within a tight band. [FT]
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