Euro Calms Down, Indonesia Surprises
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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]
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