Trichet Gets Tough, Bank of England Not So Much


Trichet is vigilant, a Bank of England official is dovish, and central bank managers are down on the dollar. Time for your FX Fix.

European Central Bank President Jean-Claude Trichet reiterated his "strong vigilance" on inflation, and the euro recovered from earlier weakness. [Reuters]

The Canadian dollar lifted on hopes that Greece will pass an austerity plan. [Reuters]

A Bank of England official said calls for rate hikes were "nonsense," and British pound sellers are getting serious. [FT]

A survey of central bank managers found most of them think the dollar will lose its current reserve-currency status in 25 years. [FT]

Asian currencies are mostly higher on economic improvements in Japan and Europe.

Multi-Currencies vs. the Dollar

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