Yen Slumps, Dollar Lifts, Euro Zone Recession Restarts
Japan could face aggressive new stimulus moves and the euro zone is back in recession — it's time for your FX Fix.
The head of Japan's opposition party called for aggressive monetary easing, and the yen slumped. [CNBC]
The euro zone economy officially fell back into recession, but the economy contracted less than expected and the euro stayed resilient. [FT]
A top European Union official said Spain needs no new more austerity measures through 2013, signaling the EU may be changing its austerity-based crisis response. [CNBC]
With stocks slipping, the dollar has risen to challenge key technical resistance. [dailyfx.com]
U.K. retail sales fell at their fastest rate in six months, but the British pound held firm. [dailyfx.com]
Sweden's unemployment rate increased compared to October 2011, and the Swedish krona lost ground against the euro. [RTT]
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