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Safe Havens Lift, Euro Slips as 'Cliff' Nears

Friday, 21 Dec 2012 | 7:54 AM ET

The stalling of talks to resolve the 'fiscal cliff' tamped down risk appetite, dented commodity currencies, and sent the dollar and yen higher. [CNBC]

The euro and gold also fell in early trading as investors, rattled by the 'fiscal cliff' impasse, sought safe havens. [CNBC]

Falling gold prices and worries about the stalemate in Washington also dented the Australian dollar. [WSJ]

U.K. third-quarter growth was revised lower and officials said the fourth quarter may end weak as well, sending the British pound briefly lower. [dailyfx.com]

With weakness in the euro zone sapping demand for Swedish exports, Sweden slashed its growth forecast and the krona fell. [WSJ]

CNBC

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