Money in Motion

Euro Tumbles, Dollar Lifts, as Greece Pushes the Envelope

Greece pushes the envelope, and Japan stays on alert for yen strength - it's time for your FX Fix.

Greece called for a referendum on the European debt deal, and the euro tumbled. [CNBC]

Japan said it was prepared to step in again to stem the yen's rise, and markets got edgy. [CNBC]

With the Bank of Japan getting busy,the dollar strengthened as investors looked for safe havens. []

Chinese manufacturing activity slowed unexpectedly, and the yuan fell toward its daily downside limit. [WSJ]

Australia cut interest rates for the first time since the 2008 financial crisis. [WSJ]

Stephen Jen, a noted foreign exchange strategist, is starting an FX hedge fund. [FT]



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