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Corrective Forces Weigh on G10 Currencies, with the Euro Threatening its Largest Loss in Two Months
Corrective forces are helping lift the dollar against all the G10 currencies. The euro's 0.5% pullback is the largest in nearly two months. Sterling's 0.3% loss is the most in nearly three weeks. The dollar-bloc currencies are the most resilient and are off less than 0.2% today. Emerging market currencies are more mixed. Central European currencies have been dragged lower by the euro. The Chinese yuan is a little softer, consistent with the yen's pullback. The Mexican peso, which lead the way lower yesterday is on the top of the EM leader board today. Equities are mostly firmer today. China and Hong Kong were ... (full story)
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