Money in Motion

Swiss Franc Steadies, Krone Attracts

The Swiss 'peg' is mostly holding as traders hunt for alternatives — it's time for your FX Fix.

The euro briefly rose after Germany's top court rejected efforts to block participation in Greece's bailout, but also gave Parliament more say in future rescues. [CNBC]

Rising risk appetite is weighing on the dollar. [FT]

Investors looking for alternatives to the newly pegged Swiss franc are snapping up Norwegian krone. [WSJ]

The Bank of Japan kept rates unchanged and has no plans to follow Switzerland's lead on intervention, and the yen is stabilizing. [Reuters]

Want currency trading ideas? Look at online search-engine requests. [WSJ]

Between currency pegs, bailouts, and recession fears, forex trading volumes are near record levels. [WSJ]


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