Italy Roils Euro, Yen Jumps
The euro briefly hit a seven-week low against the dollar on fears about political gridlock in Italy. [CNBC]
Investors jarred by the Italian election went looking for safe havens, and the yen moved sharply higher. [CNBC]
As the euro fell six big figures against the yen, other currencies traded against the yen, like the Australian and New Zealand dollars, were also buffeted. [CNBC]
British travelers, worried that the pound has further to fall, are stocking up on dollars and euros, according to currency providers. [thisismoney.co.uk]
A top Bank of England official, speaking to Parliament, said the British pound could face additional credit-rating cuts. [fxstreet.com]
Dollar traders are waiting to see how Fed Chairman Ben Bernanke discusses future stimulus plans in Congressional testimony today. [CNBC]
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