Dollar Slides, Yuan May Get Room to Move


Bernanke dents the dollar and Italy gives the euro a lift - it's time for your FX Fix.

The dollar index hit a one-month low after Federal Reserve Chairman Ben Bernanke left the door open to further monetary easing. [CNBC]

A successful Italian debt auction sent the euro higher. [FT]

Numerous large investors are becoming bullish on the dollar, citing an improving economic outlook. [WSJ]

The Australian dollar moved higher in Asian trading, but bearish comments on the Australian economy from a global executive curbed gains. [WSJ]

China's president promised a more flexible exchange rate for the yuan, and it rose. []



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