Yen Slides, Dollar Slips, Euro Gets a Lift


Expectations that the new Japanese government will push for more aggressive monetary easing drove the yen to a 20-month low against the dollar. [CNBC]

The apparent progress in fiscal cliff negotiations could pave the way for the economic recovery to continue uninterrupted, promoting global growth and leading to dollar weakness. [WSJ]

Improved risk appetite stemming from the progress in the U.S. fiscal cliff negotiations buoyed the euro. []

Successful Spanish and Greek debt sales also sent the euro higher. []

Sweden's central bank cut its main lending rate 25 basis points - and the expected move sent the Swedish krona higher. []

The Swiss National Bank is opening a branch in Singapore to enable it to manage its foreign reserves around the clock and be ready at any time to defend the Swiss franc's peg. [CNBC]