Euro Steadies, Dollar Holds Firm
The Swiss franc's peg comes under pressure and the euro takes a breather - it's time for your Friday FX Fix.
The euro rose off recent lows but traders said worries about euro zone turmoil were keeping it fragile. [CNBC]
Some of Europe's biggest fund managers are dumping euro assets. [FT]
The dollar remained firm against other major currencies thanks to a global economic slowdown and concerns about Europe. [WSJ]
With the strong franc dragging on its economy, Switzerland may have to rethink a banking system that creates safe-haven conditions by allowing secret accounts. [WSJ]
Investors are increasing bets that the Swiss franc's peg to the euro will not hold, now that the common currency is under so much pressure. [Reuters]
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