Euro Lifts, Yen Slips, EU Gets the Prize
Optimism lifts the euro and China lets the yuan lift - it's time for your FX Fix.
The euro rose after euro zone August manufacturing data beat expectations. [FT]
China guided the yuan to its highest level in almost two decades, a possible conciliatory gesture ahead of the U.S. election. [WSJ]
Easing risk aversion sent the yen lower. [Reuters]
Germany's finance minister predicted that most of the uncertainty related to the euro zone crisis will be overcome in a year. [dailyfx.com]
With investor hopes building that the global economy may be in better shape than expected, the Australian dollar rose. [nasdaq.com]
Singapore's central bank said it plans to maintain a modest and gradual appreciation of the Singapore dollar. [fxstreet.com]
We have a winner: the European Union was awarded the Nobel Peace Prize in part for its efforts to contain the debt crisis . [WSJ]
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