Debt Woes Drag, and So Do Durable Goods

Wednesday, 25 May 2011 | 9:27 AM ET

European debt worries go well beyond the Continent, and U.S. durable goods dent the dollar. Your FX Fix, right here.

Worries about sovereign debt pushed the euro to a record low against the Swiss franc. [CNBC]

This analyst thinks the euro may be trending toward $1.29 vs. the dollar. [CNBC]

Meanwhile, though, a weak durable goods report is pushing down the dollar. [RTTNews]

The Canadian dollar also headed south on worries about lower oil prices and worries about European debt. [canadianpress.com]

The Australian dollar moved lower on worries about global growth and - yes - European sovereign debt. [WSJ]

The yuan is moving higher after China's central bank raised a reference exchange rate, signaling willingness to let the currency rise to fight inflation. [WSJ]

Multi-Currencies vs the Dollar

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