Euro Bobs and Weaves, Sanctions Hit Iran's Rial
By: Kelley Holland | News Writer
Euro zone fights continue, Iranian rial dives - it's time for your FX Fix.
The euro rose but then reversed course on rumors of a French downgrade - which didn't materialize. [dailyfx.com]
Third quarter U.K. GDP was revised higher, but the pound barely stirred. [FT]
New Zealand's third-quarter GDP rose more than expected, but the kiwi only got a brief lift. [CNBC]
A hedge fund holding Greek bonds threatened to sue debt-crisis negotiators if it has to take too big a loss, complicating efforts to reduce Greece's debt load. [CNBC]
Concern over international sanctions has pushed the Iranian rial down almost 10 percent to a record low against the dollar. [FT]
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