Dollar Lifts, Euro Sags, Turkish Lira Gets a Boost
The dollar gets a safe-haven lift and the Turkey reaches investment grade - it's time for your FX Fix.
Risk appetite waned as the U.S. election loomed, and the dollar got a lift. [CNBC]
Uncertainty about an upcoming fracas in Greece ver austerity measures weighed on the euro. [CNBC]
Lingering expectations of more easing measures y the Bank of Japan kept the yen in check. [WSJ]
Hedge funds are cutting back on bets that the dollar will weaken. [FT]
Australian retail sales beat expectations, and the Australian and New Zealand dollars rose. [TVNZ.co.nz]
The Brazilian real weakened on event risk from the U.S. election and concerns about Greece. [WSJ]
Fitch Ratings raised Turkey's credit rating to investment grade, and the Turkish lira jumped. [WSJ]
With an interest rate cut possible later this week, traders said the Kenyan shilling was poised to weaken. [CNBC]
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