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Swiss Franc Soars, Pound is Weighed Down

Wednesday, 17 Aug 2011 | 8:18 AM ET

Singapore dollars get snapped up and European officials underwhelm - it's time for your FX Fix.

The Swiss franc jumped after the central bank underwhelmed investors with its plans to stem the rise. [CNBC]

Sarkozy and Merkel didn't endorse the concept of euro bonds at their meeting, and the euro slipped. [WSJ]

Despite inflation, no one on Britain's Monetary Policy Committee wants to raise interest rates, and the pound is lower. [WSJ]

Disappointment with European officials' actions is weighing on Asian currencies. [businessrecorder.com]

China's central bank guided the yuan lower for the first time in six sessions. [WSJ]

So much foreign money is flowing into Singapore dollars that investors are speculating authorities might try to slow the currency's rise. [Reuters]

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