Yen Slides, Dollar Slips, Euro Gets a Lift
By: Kelley Holland | News Writer
Expectations that the new Japanese government will push for more aggressive monetary easing drove the yen to a 20-month low against the dollar. [CNBC]
The apparent progress in fiscal cliff negotiations could pave the way for the economic recovery to continue uninterrupted, promoting global growth and leading to dollar weakness. [WSJ]
Improved risk appetite stemming from the progress in the U.S. fiscal cliff negotiations buoyed the euro. [investing.com]
Successful Spanish and Greek debt sales also sent the euro higher. [dailyfx.com]
Sweden's central bank cut its main lending rate 25 basis points - and the expected move sent the Swedish krona higher. [marketwatch.com]
The Swiss National Bank is opening a branch in Singapore to enable it to manage its foreign reserves around the clock and be ready at any time to defend the Swiss franc's peg. [CNBC]
