Top Takes From RealMoney

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Dollar Mixed as Markets Await Tomorrow's FOMC

By Marc Chandler
06/23/09 7:23 a.m.

The U.S. dollar is mixed, with the euro and Swiss franc recouping yesterday's losses. Weaker-than-expected euro-zone PMI services data have had limited impact, but the single currency is now overextended and is likely to again fail to make a clear break above $1.4000.

The British pound continues to trade with a weak tone, hurt by yesterday's weak Rightmove HPI and concerns about the political situation with Prime Minister Gordon Brown's party slipping in the polls. The Japanese yen has extended gains against the dollar, but yen gains against the crosses have seen Japanese investors take advantage of the weaker crosses. The Scandinavian currencies are slightly firmer on the day, recouping overnight losses along with the antipodeans. ...