Money in Motion

Euro Lifts, Dollar Slips, Swiss Franc Causes Pain

Euro deal guidelines reassure, but in Switzerland, currency strength is hurting - it's time for your FX Fix.

The euro climbed after investors were reassured by guidelines on a euro zone rescue fund. [CNBC]

With the Europe news boosting confidence, investors are buying  Australian and New Zealand dollars, and the buck is slipping. [WSJ]

Swiss businesses are hurt by the strong franc, and there are new calls for central bank intervention. [WSJ]

Bankers are trying to make more yuan-denominated loans, which would boost the international role of the Chinese currency. [WSJ]

The euro crisis is exacerbating tensions and imbalances in the European Union. [NYT]

British retail sales rose in September, but the pound remained steady. [WSJ]



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