Money in Motion

Euro Rises, Dollar Slips, Euro Rate Decision Looms

The Greek crisis gets more dramatic and central bankers confer - it's time for your FX Fix.

As political chaos in Greece made it less likely there would be a referendum on the bailout, the euro rose.[CNBC]

Few U.S. firms use the yuan in international trade, complicating its prospects as a global reserve currency. [WSJ]

Fed Chairman Ben Bernanke's relatively gloomy assessment of the economy is weighing on the dollar. [WSJ]

The Australian dollar fell on worries about the European debt crisis. [WSJ]

On balance, economists don't expect the European Central Bank to cut interest rates. But you never know. [RTT]



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