Money in Motion

Euro Slips, China and Japan Make a Deal


Euro worries persist, the pound is weighed down, and the Swiss are shopping overseas - time for your FX Fix. 

Jitters about an upcoming Italian bond auction pushed the euro lower. [CNBC]

A wide-ranging agreement between Japan and China should give the yuan a bigger role in international trade. [WSJ]

The British pound weakened slightly in thin trading as investors worried about a possible new round of quantitative easing. [FT]

Minutes from a Bank of Japan monetary board meeting show officials see steady improvement there, but are worried about the euro zone crisis and the strong yen. [RTTNews]

The UBS Swiss consumption indicator came in below expectations as Swiss consumers took their strong francs overseas, and the franc gave back initial gains. []

The dollar was weighed down by traders' expectations that a decent U.S. consumer confidence report later today will boost riskier assets. []



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