Money in Motion

Euro Lifts, Yen's Slide Stalls, Germans Get Confidence


The Greek drama plays on and the Brazilian real crosses a line - it's time for your Friday FX Fix.

Growing confidence that a deal will be reached on aid to Greece ent the euro higher. []

An unexpected improvement in German business sentiment also lifted the euro gainst the dollar. []

The yen clawed higher against the dollar and the euro after falling sharply over the last two weeks on expectations of loosening monetary policy. [Reuters]

Expectations of monetary stimulus in Japan sent the higher. [CNBC]

Japan's likely next prime minister said he would consider loosening the country's fiscal discipline standards. [WSJ]

Worries about the South Korean won's sharp appreciation have officials considering tighter restrictions n banks' trading of currency derivatives. [FT]

The Brazilian real weakened, moving past its implicit ceiling, fueling expectations that the central bank will intervene. [WSJ]



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