Dollar Slips, Euro Zone Sentiment Lifts


Profit taking sent the dollar lower against the yen after it rose to a 2 1/2 year high last week on expectations of aggressive easing by the Bank of Japan. [CNBC]

Euro zone investor sentiment rose for a fifth straight month in January, but the euro was largely unmoved. [Reuters]

After a payroll report showed only modest job growth, traders scaled back expectations far an early end to Federal Reserve bond buying, and the Australian dollar rose. [WSJ]

U.K. housing prices rose unexpectedly in December, but forecasters expect a mostly flat year, and the British pound showed little reaction. [RTT]

The Chinese yuan rose slightly after the central bank guided it higher, but traders expect limited upside. [WSJ]

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