Goodbye London Olympics 2012, what a great sport event, let's start the daily forex news for today, UK pound is mixed against the other majors today, heading higher against the US dollar, even as the poundsterling drops against the euro. Investors are awaiting UK data, which is expected to be weak.
From New York forex news, US dollar is pulling back today as Forex traders decide to go for a taste of yield. Over all, risk appetite hasn't truly returned, but the US economy is just slow enough that many are re-evaluating their positions and paring back recent gains for the greenback.
Latest Japan economic data makes JPY grounded, The Japanese yen slid today as the attractiveness of the currency was diminished by the report that showed decline of the nation's economy. The yen was trading sideways against the dollar and the pound sterling for the past several weeks. In fact, the currency has ended its major streak of gains in June. Against the euro, though, the yen continues to rise as today's advance did not break the downward pattern
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