Euro Rises, British Pound Lifts, and a Porky Currency Is Born
Hope for a court ruling lifts the euro, and Oscar Mayer plans to barter with bacon — it's time for your FX Fix.
The euro hit a four-month high on optimism that a German court will issue a ruling bolstering the bailout. [CNBC]
A top German court on Wednesday intends to issue a ruling on the constitutionality of the euro bailout. [fxstreet.com]
The Singapore dollar hit a one-year high as the euro rebounded on hopes for the German court ruling. [Reuters]
Speculation that the Federal Reserve will announce further easing sent the dollar lower against the yen. [Reuters]
The U.K. trade deficit dropped to its lowest point in 2012, and the British pound rose. [dailyfx.com]
Oscar Mayer is promoting a new bacon as a new currency. Really. [NYT]
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