Money in Motion

Euro Stays Vulnerable, British Pound Takes a Hit


British output falls and kiwis drop - it's time for your FX Fix.

The jumped, but remained vulnerable, after a European Central Bank policymaker suggested a way to strengthen the bailout fund. [CNBC]

The euro zone has at most two years to continue in its current form, says the chairman of Goldman Sachs Asset Management. [CNBC]

New reports from Germany and the Netherlands suggest economic weakness is spreading to the euro zone's stronger countries. [WSJ]

Britain's GDP fell more than expected, and the pound weakened. [FT]

New Zealand's latest trade balance report beat expectations, but the New Zealand dollar slipped anyway. []

The yuan hit a new 10-month low, following the euro. [CNBC]

Russia widened the ruble's trading band, and it fell to a two-week low. [CNBC]



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