Euros Are Sagging and Finland Is Foot-Dragging
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The euro's rise has stalled as traders focus on the roadblocks in front of a resolution to the debt crisis - including, yes, Finland. Here's your daily FX fix.
After some initial strength, the euro is weakening as the debt-crisis meetings loom. [fxstreet.com]
After some initial strength, the euro is weakening as the debt-crisis meetings loom. [fxstreet.com]
The latest stumbling block appears to be....Finland, where the president has been saying the "good girls" of Europe shouldn't have to pay for everyone else's wild times. [International Business Times]
And then there is Portugal, where the government could actually collapse, putting more pressure on the euro, if the opposition refuses to back a fiscal austerity plan in a vote today. [RTT]
Elsewhere, the Australian dollar moved higher because.....just because. [australian.com]
In Britain, monetary-policy meeting notes underscored officials' willingness to wait on curbing inflation via big interest rate hikes, and the pound's rally stalled. [dailyfx.com]
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The euro's rise has stalled as traders focus on the roadblocks in front of a resolution to the debt crisis - including, yes, Finland. It's time for your FX Fix.
