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Euro Slips, Dollar Lifts, Rating Agencies Fret About Europe

Monday, 12 Dec 2011 | 7:59 AM ET

The euro zone agreement underwhelms and the Australian trade surplus slips — it's time for your FX Fix.

The euro fell on worries about implementing changes in the euro zone. [CNBC]

Concerns about Europe pushed the dollar higher. [marketwatch.com]

Standard & Poor's said the euro zone might need another financial crisis to get it moving toward real reform. [Reuters]

Moody's, underwhelmed by the euro zone's planned changes, still plans to review sovereign credits there. [CNBC]

Australia's monthly trade surplus narrowed on weaker commodity demand from China, and the Australian dollar slipped. [smh.com.au]

The British pound moved lower on talk that Standard & Poor's might lower ratings on 15 euro zone countries, but then rebounded. [RTT]

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