Money in Motion

Dollar Lifts, Commodity Currencies Under Fire


Risk aversion lifts the dollar and Brazil and China do a deal - it's time for your FX Fix.

Investors seeking safe havens sent the dollar to its highest level in more than a week. [CNBC]

The British pound steadied against the dollar after falling on news of big bank downgrades by Moody's. [Reuters]

Fears about global growth and tumbling commodity prices have commodity currencies under pressure. [WSJ]

Germany's index of business confidencefell to its lowest level in two years, adding to pressure on the European Central Bank to cut interest rates. [WSJ]

Brazil and China entered into local currency swap worth as much as $30 billion. [FT]

Spain is expected to apply officially for bank aid on Monday. []



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