Central Banks Share the Love and the Pound Gets Pounded


Central banks added reserves in dollars and more, and British manufacturers need to crank it up again. It's time for your FX fix.

The pound is weaker after British manufacturing activity growth slowed more than expected. [Reuters]

The South Korean won and the Singapore dollar hit nine-month highs against the yen as investors hunted for yield. [Reuters]

Sharing the love: central banks added to their dollar reserves in late 2010, but not nearly as much as they added to reserves in smaller currencies. [WSJ]

Joseph Stiglitz thinks we need a new global reserve currency, and SDRs are just the ticket. [FT]

Is the European Central Bank about to raise interest rates too soon for the eurozone's - and ultimately the euro's -own good? [FT]

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