Money in Motion

We Have a (Euro) Deal

European leaders finally agreed on the outlines of a rescue, and risk is back on big time — it's time for your FX Fix.

The euro hit a two-month high against the dollar after European leaders announced their plan. [CNBC]

The Australian dollar also surged after the announcement on relief about the global economy. []

The dollar slipped on the European news as investors moved out of safe havens. []

The Bank of Japan eased monetary policy in a bid to stem the yen's rise. [Reuters]

South Korea doubled its currency-swap deal with China, boosting its ability to protect its financial system from market turmoil. [FT]



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