Debt Deal Has Doubters, Swiss Franc Shines
By: Kelley Holland | News Writer
Economic data disappoints, the euro debt deal has doubters, but the Swissie is soaring — time for another FX Fix.
Disappointing job numbers are pulling down the dollar. [Reuters]
Strong Swiss economic data just keeps coming, and the Swiss franc just keeps rising. [WSJ]
The euro has been trading all over the place amid both news and rumors about a possible sovereign debt deal. [WSJ]
The British pound took a hit after disappointing economic data made traders question the likelihood of an interest rate hike anytime soon. [dailyfx.com]
The Indian rupee hit a three-week high against the dollar before sliding back, paralleling the euro's moves. [WSJ]
So really, how is European Central Bank President Jean-Claude Trichet doing? It's complicated. [NYT]
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