Money in Motion

Euro Steadies, Dollar Holds Firm


The Swiss franc's peg comes under pressure and the euro takes a breather - it's time for your Friday FX Fix.

The euro rose off recent lows but traders said worries about were keeping it fragile. [CNBC]

Some of Europe's biggest fund managers are dumping euro assets. [FT]

The dollar remained firm against other major currencies thanks to a global economic slowdown and concerns about Europe. [WSJ]

With the strong franc dragging on its economy, Switzerland may have to rethink a banking system that creates safe-haven conditions by allowing secret accounts. [WSJ]

Investors are increasing bets that the Swiss franc's peg to the euro will not hold, now that the common currency is under so much pressure. [Reuters]



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