Money in Motion

Asia Sags, Safe Havens Lift

Central banks want stability, and investors just want a safe haven. It's time for your FX Fix. 

The euro got a minor lift after a German sentiment survey, but investors don't expect it to last. [CNBC]

The Australian and New Zealand dollars struggled in Asian trading on worries about Europe. [CNBC]

The South Korean neared a 13-month low against the dollar amid broad weakness in Asian currencies. [WSJ]

Emerging market central banks are wading into the markets to create a little stability for their currencies. [FT]

Still, riskier currencies remain under pressure. []

As the safe-haven dollar and yen moved higher, the British pound followed. []


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