The euro stops its freefall, the Bank of England holds steady, and Indonesia cuts - it's time for your FX Fix.
The euro rose from a one-month low against the dollar on hopes that Italy and Greece would stabilize. [CNBC]
The European crisis is spurring purchases of derivatives to protect against a euro disaster.[WSJ]
The European Central Bank predicts decreased economic growth in the euro zone in 2012. [dailyfx.com]
The Bank of England left its target for asset purchases unchanged. [Reuters]
Indonesia's central bank unexpectedly cut interest rates 50 basis points, and the rupiah fell. [CNBC]
Sweden's central bank kept interest rates steady, and warned that it may have to become more expansionary if the European debt crisis continues. [RTT]
Is the British pound the latest safe-haven currency? [FT]
------------------------------------
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 moneyinmotion@cnbc.com.
