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Germans Buoy the Euro, Dollar Stays Stuck

CNBC

With worries subsiding over Italy's political turmoil and German investor sentiment beating expectations, the eurolifted off two-week lows. [CNBC]

The dollar remained stuck in a tight range as investors awaited clarity on the fiscal cliff negotiations. [WSJ]

Expectations of fresh U.S. economic stimulus boosted risk appetite and sent the Australian and New Zealand dollars higher. [CNBC]

Bank of England Governor Mervyn King warned that too many countries are trying to weaken their currencies. [Reuters]

With the new deadline looming for its debt buyback program, Greece was on track to meet its target. [Reuters]

Hungary will test forex debt markets in 2013, a top official said. [CNBC]