Safe Havens Back in Style
Dominique Strauss-Kahn is arrested, and investors would like some safe havens, please. Time for your daily FX Fix.
The euro fell to a seven-week low, below $1.405, after the arrest of the IMF's Dominique Strauss-Kahn, but soon recovered. [Reuters]
Strauss-Kahn's arrest is making safe-haven currencies more appealing, and denting the Australian and New Zealand dollars. [Reuters]
The dollar's on a roll, again, after Strauss-Kahn's arrest injected even more uncertainty into the European debt talks. [Marketwatch]
Ahead of a meeting on Greece's debt crisis, that old safe haven the Swiss franc is stronger as well. [RTT]
The yuan moved lower against the dollar as the People's Bank of China raised a reference exchange rate - again. [WSJ]
Attn Kelley - OPTION -- Here is a list of multi-currencies v the dollar
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