Euro Holds Up, Aussie Slips, Dollar Can't Buy Love
By: Kelley Holland | News Writer
Brazil gets a ratings lift, but the European Central Bank is less helpful on the debt crisis - it's time for your FX Fix.
The euro rose slightly as investors unwound bearish positions ahead of the weekend, but remained vulnerable. [CNBC]
European Central Bank President Mario Draghiurged European governments to get the rescue fund going, resisting pressure for a bigger ECB role in resolving the debt crisis.[Reuters]
Worries about Europe pushed the Australian dollar below parity against the dollar. [WSJ]
Standard & Poor's became the third rating agency to upgrade Brazil's credit rating, and the real inched higher. [FT]
The supercommittee stalemate and glum talk from Fed officials are impeding any safe-haven rally for the dollar. [WSJ]
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