Money in Motion

Washington's "Cliff"-Hanger Dents Risk Appetite

Worries about the "fiscal cliff" negotiations stalled the dollar's year-end rally. []

The euro fell against the dollar on growing concerns that U.S. lawmakers would fail to reach a deal to avoid the "fiscal cliff." [CNBC]

With "fiscal cliff" negotiations going down to the wire, demand for safe havens helped slow the decline of the yen. [FT]

Strong Chinese manufacturing data lifted the Australian dollar slightly, but worries over the "fiscal cliff" talks curbed gains. [WSJ]

Traders placing bets for the new year and light liquidity helped the New Zealand dollar rise despite the tensions in Washington. [WSJ]

The weakened again after the central bank's second auction of foreign currency under its new currency regime. [CNBC]