Euro Falls, China Cuts, British Pound Is Hot
Risk appetite sours on Greece and China tries to spur growth - it's time for your FX Fix.
Uncertainty over Greece's future in the euro zone sent the euro close to a four-month low. [CNBC]
Worries about Greece and about the Chinese economy briefly sent the Australian dollar below parity. [CNBC]
Still, after China cut reserve requirements for banks in a bid to stimulate growth, the New Zealand dollar rose - but only briefly. [nbr.co.nz]
Risk aversion among investors is driving the yen higher against the dollar, close to its 100-day moving average. [fxstreet.com]
With the euro zone in crisis and Switzerland determined to cap the franc's rise, traders are turning to the British pound as a favored European safe haven. [fxstreet.com]
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