Money in Motion

Investors Ready for Next Act in the Greek Drama


Greek hopes persist and the Australian and New Zealand dollars are lifting off - time for your FX Fix.

Euro short positions were trimmed on hopes for a Greek debt deal, and the euro rose. [CNBC]

Greece's prime minister and party leaders are meeting against this morning to try for a fiscal reform deal. [Reuters]

The British pound held steady after a report from the British Retail Consortium showed lower inflation. []

A day after Australia's central bank surprised markets by not cutting rates, the Australian and New Zealand dollars neared multi-month highs. [CNBC]

The Chinese yuan rose after the central bank set a more bullish reference exchange rate.[WSJ]

Franklin Templeton Investments has been betting that Ireland and Hungary will recover from their pounding during the European debt crisis. [NYT]



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