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Euro Gets a Break, ASEAN Nations Get Single Currency Talk

Thursday, 31 May 2012 | 8:06 AM ET

An Irish vote could spell good luck for the euro, and Swiss growth is surging - it's time for your FX Fix.

Hopes for an Irish vote in favor of Europe's fiscal pact lifted the euro off recent lows, but it remains vulnerable. [CNBC]

The dollar pared some of its recent gains ahead of the publication of hard-hitting economic data. [WSJ]

The leader of the World Trade Organization believes that a single currency should be a "long term goal" for ASEAN countries. [CNBC]

Worries about Spain's ailing banks sent the Australian and New Zealand dollars lower. [CNBC]

Euro zone inflation fell more than expected, giving the European Central Bank more leeway to cut interest rates to spur growth. [FT]

Swiss growth surged in the first quarter, fueling doubts about the ability of the Swiss National Bank to maintain the franc's floor against the euro. [WSJ]

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