Safe Havens Are Hot After European Elections
The euro gets beaten by election results, and Australians are going shopping - it's time for your FX Fix.
Elections in France and Greece reflecting a strong anti-austerity mood sent the euro to a three-month low against the dollar. [CNBC]
The safe-haven yen got a lift from investors worried about European elections, and Japan's finance minister said he is ready to respond to currency moves as needed. [Reuters]
Australian retail sales had their biggest jump in almost a year, but the Australian dollar's reaction was muted by events in Europe. [CNBC]
Indonesia's economy grew at its slowest pace in six quarters, and the rupiah is the worst-performing emerging Asia currency so far this year. [CNBC]
The prospect of new leftist leadership in Romania kept the leu close to the lows it hit after the government fell. [CNBC]
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