Money in Motion

Yen Lifts, Swissie Corrects, Iceland Eyes Euro


Traders trimmed their short yen positions ahead of a Bank of Japan meeting, and the rose against the dollar. [CNBC]

Economic weakness in Britain is weighing on the pound and making investors reexamine its appeal as a safe haven. [WSJ]

The euro was steady ahead of a meeting of euro zone finance ministers in Brussels. []

The party of German Chancellor Angela Merkel was defeated in a key regional , but the euro showed little reaction. [CNBC]

After falling last week, the Swiss franc corrected higher against the dollar in quiet trading. []

Iceland's finance minister said the country needs to join the European Union and adopt the euro to gain an economic boost and expand its influence. [WSJ]

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