Money in Motion

Euro Falls, China Cuts, British Pound Is Hot


Risk appetite sours on Greece and China tries to spur growth - it's time for your FX Fix.

Uncertainty over Greece's future in the euro zone sent the euro close to a four-month low. [CNBC]

Worries about Greece and about the Chinese economy briefly sent the Australian dollar below parity. [CNBC]

Still, after China cut reserve requirements for banks in a bid to stimulate growth, the New Zealand dollar rose - but only briefly. []

Risk aversion among investors is driving the yen higher against the dollar, close to its 100-day moving average. []

With the euro zone in crisis and Switzerland determined to cap the franc's rise, traders are turning to the British pound as a favored European safe haven. []



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