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Euro Lifts as Euro Leaders Keep Hope Alive

Friday, 9 Dec 2011 | 8:14 AM ET

European leaders talk, China creates an investment fund - it's time for your FX Fix.

All European Union members agreed to make a new fiscal compact and provide more IMF funding, and everyone but Britain is ready to sign off on treaty changes. [Reuters]

The euro rallied on optimism that the deal could make a dent in the debt crisis. [RTT]

China is creating a new $300 billion investment fund, and risk assets like the Australian dollar rose on hopes it could help troubled European countries. [fxstreet.com]

Producer price inflation rose unexpectedly in Britain, and the pound lifted. [dailymarkets.com]

Jobless claims and inventory data had little impact on the dollar as investors awaited news from Europe. Trade balance and consumer sentiment are due out today. [forexyard.com]

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