Money in Motion

Euro Holds Up, Aussie Slips, Dollar Can't Buy Love

Brazil gets a ratings lift, but the European Central Bank is less helpful on the debt crisis - it's time for your FX Fix.

The euro rose slightly as investors unwound bearish positions ahead of the weekend, but remained vulnerable. [CNBC]

European Central Bank President Mario Draghiurged European governments to get the rescue fund going, resisting pressure for a bigger ECB role in resolving the debt crisis.[Reuters]

Worries about Europe pushed the Australian dollar below parity against the dollar. [WSJ]

Standard & Poor's became the third rating agency to upgrade Brazil's credit rating, and the real inched higher.  [FT]

The supercommittee stalemate and glum talk from Fed officials are impeding any safe-haven rally for the dollar. [WSJ]



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