Loonie Is Up, Risk Is Off


The Canadian dollar gets a lift, but risk sentiment is off. Time for your freak-out Friday FX Fix.

Investors worried about global growth are moving out of the euro and British pound and into the dollar and yen. [dailyfx.com]

The pound was also hit by disappointing British industrial output. [FT]

European Central Bank President Jean-Claude Trichet signaled a probable July rate hike, all right, but the euro slipped. [Reuters]

The loonie rose on a solid Canadian employment report. [WSJ]

The Royal Bank of New Zealand got all hawkish in a statement yesterday, and the kiwi is on the rise. [WSJ]


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