Euro Sags, Kiwi Gets a Lift
The debt crisis drags on in Europe and inflation is up down under — it's time for your FX Fix.
The euro hit a new low against the Swiss franc on worries about the sovereign debt crisis. [FT]
In more signs of euro trouble, Italian and Spanish bond yields are up again and German's Merkel and the European Central Bank are clashing over Greece. [FT]
The dollar, on the other hand, is holding up, despite a lack of progress on debt-ceiling talks. [businessinsider.com]
Higher than expected inflation in New Zealand is giving the kiwi a lift. [WSJ]
China's central bank is guiding the yuan lower and it is down against the dollar. [WSJ]
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