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Euro Seesaws, Leaders Talk

Could it be? A euro debt deal may be finally in sight - it's time for your FX Fix.

Euro zone leaders will no longer rule out selective default on Greece's debt.The euro isseesawing.[WSJ]

The Swiss franc slipped against the euro on hopes that a debt deal would finally come together. [economictimes.com]

The dollar rose against the euro on word that a selective default could be part of a sovereign debt deal. [marketwatch.com]

The Canadian dollar hit a multi year high against the dollar on expectations of higher interest rates. [Reuters]

The IMF estimates that the Chinese yuan is undervalued by as much as 23%. [Reuters]

Multi Currencies v the Dollar

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