It's On! Risk, That Is


Risk-on investors are back in action, and the euro is riding high. Here's your daily FX fix.

No news from Japan - or at least not much - is good news for buyers of risk-sensitive currencies. [WSJ]

The yen is weaker as traders grow wary of fighting uphill against central-bank intervention. [IBTimesFX]

The euro has hit a 2011 high on comments by European Central Bank President Jean-Claude Trichet indicating that he is holding firm on his interest-rate plans. []

The loonie is lifting off as oil prices rise and Canada stands to benefit. [Reuters]

Investors are braced for a fresh round of volatility in the currency markets. [FT]


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