Commodity Currencies Lifting, Pound Weighed Down


Firming commodity prices are lifting commodity currencies, but rumors are sinking the British pound— time for your FX Fix.

The SEC is deepening its investigation of currency trading at Bank of New York and State Street Bank. [WSJ]

Between decent German business sentiment and more shenanigans in Greece, the euro is bouncing around. [Reuters]

With commodity markets and stock futures stabilizing, the dollar is slipping. []

The firming commodity prices are helping so-called commodity currencies. []

A senior Philippine central banker expects more currency inflows soon, which would have a "telling impact" on the peso. []

Talk that Moody's is getting ready to review ratings of more than a dozen British banks and building societies is weighing on the pound. []


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