Debt Woes Drag, and So Do Durable Goods
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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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