Money in Motion

Euro Calms Down, Indonesia Surprises

The euro stops its freefall, the Bank of England holds steady, and Indonesia cuts - it's time for your FX Fix.

The euro rose from a one-month low against the dollar on hopes that Italy and Greece would stabilize. [CNBC]

The European crisis is spurring purchases of derivatives to protect against a euro disaster.[WSJ]

The European Central Bank predicts decreased economic growth in the euro zone in 2012. []

The Bank of England left its target for asset purchases unchanged. [Reuters]

Indonesia's central bank unexpectedly cut interest rates 50 basis points, and the rupiah fell. [CNBC]

Sweden's central bank kept interest rates steady, and warned that it may have to become more expansionary if the European debt crisis continues. [RTT]

Is the British pound the latest safe-haven currency? [FT]



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