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Euro Recovers, But Greece Casts a Shadow

Wednesday, 7 Mar 2012 | 7:55 AM ET

Greek concerns persist and Australian GDP disappoints - it's time for your FX Fix.

The euro recovered from Tuesday's lows but remained vulnerable to concerns about the Greek debt swap. [CNBC]

After Tuesday's upward run, the dollar index slipped on profit taking. [fxstreet.com]

A disappointing GDP report and worries about Greece sent the Australian dollar to a six-week low. [CNBC]

The New Zealand dollarrose ahead of the central bank's interest-rate statement, but gains were limited by concerns about Greece. [forex-rateit.com]

Rising tensions between Iran and the West are overwhelming a longtime pattern: that oil prices and the dollar move in opposite directions. [WSJ]

Concerns over China's economic growth and rising risk aversion bolstered the yen. [FT]

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