Debt-Ceiling Drama and Euro Jitters
Bank stress tests are straining the euro and the dollar is awaiting a deluge - it's time for your FX Fix.
Get ready for the dollar to react to a deluge of data. [RTTNews.com]
The euro weakened ahead of the bank stress-test reports. [CNBC]
The dollar, on the other hand, strengthened as traders sought a safe haven. [dailyfx.com]
Earlier, the dollar dropped after Standard & Poor's warned the U.S. could lose its AAA rating, but it steadied on hopes for a debt-ceiling deal. [FT]
After Fed Chairman Ben Bernanke said the Fed is not really planning QE3, the Swiss franc slipped against the dollar and the euro. [FT]
China's grand plan to make the yuan more international has had unintended side effects - like hot money. [WSJ]
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