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Confusion in Europe, Gloom in Japan

Friday, 1 Jul 2011 | 9:10 AM ET

Japanese businesses are pessimistic and euro traders don't know what to think — it's time for your Friday FX Fix.

The Brazilian real is near a 12-year high on expectations of higher interest rates. [WSJ]

Worse than expected business sentiment in Japan is hurting the yen. [WSJ]

What with optimism about Greece, changes in plans for a finance-minister meeting, and comments on Italy from Standard & Poor's, the euro is bouncing. [WSJ]

Public sector strikes in Britain and disappointing economic reports are denting the pound. [FT]

Now that the Greek crisis has eased, everyone can worry about global growth again, and that should lift the dollar. [dailyfx.com]

The Malaysian ringgit is on a roll now that investors are willing to take on risk again. [IBTimes.com]

Multi Currencies vs. the Dollar

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm.

"Money in Motion Currency Trading" repeats on Saturdays at 7pm.

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