Money in Motion

Euro Slips, Yen Is Curbed


Moody's goes negative on Germany, Japan talks tough, and the British aren't buying houses - time for your FX Fix.

Moody's lowered its outlook on Germany, the Netherlands and Luxembourg from stable to negative, and the euro slipped. [FT]

Weak German PMI data weighed on the euro, as did ongoing worries about Spain's financial woes. [CNBC]

Greece's prime minister requested changes to the country's bailout agreement. []

U.K. mortgage approvals fell to a 3.5-year low, and the pound slipped. []

The yuan extended its euro-linked weakness, but a report on Chinese factory output gave it a midday lift. [CNBC]

Concern over possible Japanese central bank intervention kept the yen in check. [WSJ]



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