Overnight, the dollar weakened against some of the major currencies, as reports said many investors were feeling the need to take a few more risks and escape the relative safety of the greenback.
Still, the dollar was making a turn this morning following a mix of economic data. Earlier today, news broke that U.S. home prices may have fallen at a slower rate than projected. Adding to that was surprising news that consumer confidence fell in June, sending many shares tumbling in the early going.
The British pound rose to an eight-month high against the dollar earlier today, only to fall back later. A report from the Office of National Statistics showed that the U.K. economy slipped 2.4% in the first quarter, which was more than the previous GDP forecast of 2.2%.
In currency ETF news, CurrencyShares British Pound Sterling (FXB) was losing 0.8% by late morning.PowerShares DB G10 Currency Harvest (DBV) slipped 7 cents to $21.48 in the morning. The PowerShares DB U.S. Dollar Index Bullish (UUP) was ticking up 13 cents at $23.94, while PowerShares DB U.S. Dollar Index Bearish (UDN) was losing 15 cents at $26.72. Because of changes to the currencies since yesterday's update, today may be the day to swing into London to buy a ticket. With Harry Potter and the Half-Blood Prince not set to open there until July 7th, there is perhaps an off-chance to catch a sneak-preview there. And really, where else would you want to see the story of wizards and muggles but in the land that gave birth to it? Here's a rundown of our global ticket prices, reflecting currency swings since yesterday's update:
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