Euro Lifts, Yen Slides, Offshore Yuan Stays High

A better than expected report on German business confidence sent the euro higher against the yen and the dollar. [CNBC]

Growing expectations that the Bank of Japan will soon inject new monetary stimulus drove the yen lower. [CNBC]

The Bank of Engalnd warned that the strong British pound is hurting the British economy, and the pound traded slightly higher. [WSJ]

A bout of profit taking and domestic selling sent the New Zealand dollar lower. [WSJ]

China's yuan firmed slightly, but offshore spot yuan continued to trade at an unusual premium. [CNBC]