A Yen for Yen, a Downdraft Down Under

Europe is still scary, and safe havens are back in style - it's time for your FX Fix.

The euro neared an eight-month low against the dollar even though Greece passed new spending cuts. [CNBC]

Better than expected PMI data in Germany, Britain and France helped steady the euro after its decline. [WSJ]

Risk-averse investors are snapping up dollars. [FT]

But even the dollar isn't as appealing as the Japanese yen when risk appetite is off. [fxstreet.com]

The Australian and New Zealand dollars slid again on worries about Europe and global growth. [WSJ]

Congress is again pushing to pressure China over its currency policies. [FT]

CURRENCY FUTURES:

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.

Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.

Talk back: Tell us what you want to hear about at [e-mail].