Money in Motion

Euro Slips, Dollar Lifts, Krona Buyers Get a Scolding


China's trade report disappoints and Sweden talks tough — it's time for your FX Fix.

Doubts that the European Central Bank will be able to stem the debt crisis sent the lower for a third day. [CNBC]

Weaker than expected trade data from China raised fears of a slowdown and weighed on the Australian dollar. [CNBC]

Disappointing Chinese trade data tamped down risk appetite and sent the dollar and yen higher in Asian trading. []

A downbeat U.K. producer price inflation report, and renewed concerns about a global economic slowdown, weighed on the British pound. []

The euro's weakness is pushing some other currencies to their highest points in years, and officials in Australia, Britain, and New Zealand are concerned. [WSJ]

Sweden's finance minister, pushing back on the krona's strength, says it is too early to call the Swedish currency a safe haven. [FT]



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