Germany Gives, Euro Gains
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Germans are caving and Russians are raising - rates, that is. Time for your daily FX Fix.
Germany may be willing to make concessions on a Greek bail-out plan, and the euro is riding higher. [WSJ]
The dollar is weaker relative to the euro, more on the euro's own move than on gloomy housing data. [CNBC]
The news from Europe is boosting risk appetites, and the Australian dollar and the kiwi are rising - in the kiwi's case, to a new post-float high. [Reuters]
Moody's put Japan's credit rating under review and the yen is sagging. [WSJ]
Surprise! Russia unexpectedly raised a key deposit rate in a bid to curb inflation. [NYT]
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