France and Germany make a promise, and China sends a warning - it's time for your FX Fix.
France and Germany pledged to unveil a euro debt crisis resolution, and the euro rose. [CNBC]
The Australian and New Zealand dollars also rose on news of France and Germany's pledge. [RTT]
Meanwhile, British Prime Minister David Cameron says Europe has just a matter of weeks to avert disaster. [Reuters]
China's yuan hit a fresh high against the dollar thanks to demand from exporters. [WSJ]
China warned that if a bill that would press China to let its currency rise becomes law, it would spark a trade war. [CNBC]
November's G20 meeting is likely to be all about the euro debt crisis. [Reuters]
MULTI CURRENCIES VS THE DOLLAR
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 email@example.com.