Money in Motion

Euro Slides, Risk Currencies Retreat as Europe Worries Mount


Worries about Greece sap risk appetite as the euro slides and the dollar soars - it's time for your FX Fix.

Mounting worries about a disorderly Greek exit from the euro zone and doubts about the outcome of an sent the euro to a 21-month low. [CNBC]

Those worries sent the dollar index to a 20-month high as risk currencies retreated. [Reuters]

China's yuan fell against the dollar following the dollar's broad gains and is now down 0.6 percent this year. [WSJ]

The Australian dollar fell to a six-month low against the dollar, and it is now the worst performing major currency this year. [FT]

Brazil's central bank has sold more than $2 billion in currency derivatives in a bid to prop up the real. [FT]

South Korea has been selling dollars to support the won. [WSJ]

The Indian rupee hit fresh lows against the dollar as global risk appetite shrank. [WSJ]



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