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Euro Slips, Swiss Franc Slides, Metallica Studies Forex

Tuesday, 6 Dec 2011 | 7:47 AM ET

The euro slips on credit warnings, and Metallica rocks currencies — it's time for your FX Fix.

The dollar rose and the euro slipped after Standard & Poor's put 15 euro-zone countries on negative credit watch. [marketwatch.com]

Swiss prices fell in November, and the Swiss franc fell sharply on worries that the central bank will change its target rate against the euro. [nasdaq.com]

Australia's central bank cut interest rates 25 basis points, and the Australian dollar fell. [WSJ]

The new pan-European Union securities watchdog warned consumers about unregulated FX firms selling things like contracts for difference and forward contracts. [FT]

Amid the crisis negotiations, the European Central Bank released an online video celebrating the euro's first ten years. [FT]

Metallica and other rock bands are trying to master the currency markets to protect their overseas income. [WSJ]

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