Money in Motion

Yen Hits a Record, Aussie Dollar Slips, Euro Awaits News

The yen's on a roll, and it's Europe Day again - time for your daily FX Fix.

The euro rose ahead of today's summit on the debt crisis. [CNBC]

The Bank of Japan may debate easing after the yen rose to a record high. [CNBC]

Turkey's central bank has begun monetary tightening to keep the lira's weakness from boosting inflation. [CNBC]

Weaker than expected third quarter CPI is weighing on the New Zealand dollar. The Australian dollar was also hit by surprisingly benign inflation in Australia. [WSJ]

Other Asian currencies were mostly quiet in Asian trading as investors awaited the outcome of the euro debt summit. []


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