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Euro Rises, Merkel and Sarkozy Do Lunch

The euro lifts, the French and German leaders meet, and the Swiss go shopping - it's time for your FX Fix.

The euro rose against the dollar as traders trimmed short positions, but more weakness is anticipated. [CNBC]

German Chancellor Angela Merkel and French President Nicolas Sarkozy are to continue crafting new fiscal rules for the euro zone over lunch today. [marketwatch.com]

German industrial production fellmore than expected in November. [fxstreet.com]

Swiss retail sales beat expectations, and the Swiss franc moved higher against the dollar. [dailymarkets.com]

Switzerland's central bank president will be grilled by a Parliamentary committee over his wife's currency trades. [CNBC]

The Turkish lira strengthened after repo and forex auctions and tough talk by officials on defending the currency. [CNBC]

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