Euro Lifts, Dollar Dips


The dollar is slipping today as speculators unwind dollar-long positions. [WSJ]

Meanwhile, the euro rose to a 10-month high against the yenafter a high flash inflation report from Eurostat. [Reuters]

About that yen - it seems to be the currency of choice for investors to sell against the Australian dollar, among others. [FT]

Sure enough, that Australian dollar just keeps rising. Today it was a nice solid retail sales report that got everybody going. [RTT]

Over at the G20 meetup, Treasury Secretary Timothy Geithner took a swipe at currencies that don't trade freely. Gee, what's he talking about? [Reuters]

So far, FX traders have listened closely as Fed governors have sounded hawkish notes. If the governors' view prevails, any strong U.S. economic data should start lifting the dollar. [FT]

