Safe Haven Dollar Lifts and Europe Slows Down
Northern European economies feel a chill and China reins in the yuan - it's time for your FX Fix.
Fear of the fiscal cliff pushed the dollar higher as investors sought a safe haven. [marketwatch.com]
The euro hit a one-month low against the yen on continuing uncertainty about Greece and Spain and worries about growth. [CNBC]
Growth in Germany is likely to slow in the fourth quarter of 2012 and the first quarter of 2013, the finance ministry said. [Reuters]
The U.K. trade deficit eclined on higher exports to non-European Union countries, and the British pound rose. [dailyfx.com]
Swedish industrial output slid in September, and the krona fell. [Reuters]
China is reining in the yuan after weeks of appreciation. [WSJ]
The Bank of Korea held interest rates steady, but analysts expect a cut in 2013 to keep the won in check and the economy on track. [CNBC]
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