Money in Motion

Euro Steadies, Swiss Franc Jumps, Dollar's on a Roll


Spain's bond sale reassures but risk aversion is high - it's time for your FX Fix.

The euro selloff paused after a decent Spanish bond auction. [Reuters]

The Swiss franc jumped against the euro after the Swiss National Bank left its target floor rate unchanged. [WSJ]

Investors who had exited the euro after its rally in October are starting to reload negative positions, traders said. [WSJ]

The dollar index is near its 2011 high, thanks to worries about Europe and general risk aversion. []

The Norwegian krone approached its lowest level against the dollar in 2011 after the central bank cut interest rates 50 basis points. []

Risk aversion sparked by the crisis in Europe sent the Australian and New Zealand dollars lower. [CNBC]



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