We Have a (Euro) Deal
European leaders finally agreed on the outlines of a rescue, and risk is back on big time — it's time for your FX Fix.
The euro hit a two-month high against the dollar after European leaders announced their plan. [CNBC]
The Australian dollar also surged after the announcement on relief about the global economy. [dailyfx.com]
The dollar slipped on the European news as investors moved out of safe havens. [dailyfx.com]
The Bank of Japan eased monetary policy in a bid to stem the yen's rise. [Reuters]
South Korea doubled its currency-swap deal with China, boosting its ability to protect its financial system from market turmoil. [FT]
MULTI CURRENCIES vs. THE DOLLAR
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