Euro Slips, Yen Stays Strong
By: Kelley Holland | News Writer
Recession warnings sting, Italian debt gets no love, and the euro's in a funk.
Weak demand at an Italian debt auction is weighing heavily on the euro. [CNBC]
A warning from Standard & Poor's about the rising risk of a double dip European recession isn't helping either. [CNBC]
The Chinese yuan hit a record high as the central bank apparently ratcheted up its inflation fight. [CNBC]
Why is the yen so strong? Because Japan is weak. [WSJ]
The Swiss franc was weaker and commodity currencies stronger as risk appetite improved in Asian trading. [Reuters]
The Chilean peso is on a roll. [WSJ]
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