Safe Havens Lift, Pound Slips, Krona Dips


A top euro zone official said the euro is "dangerously high," and the currency slipped. [CNBC]

The yen rose for a second day after a Japanese official warned of the potential downside of excessive yen weakness. [CNBC]

Currency safe havens including the dollar, yen, and Swiss franc got a lift as investors took profits on recent trading trends. [FT]

Uncertainty about a coming speech by Prime Minister David Cameron on Britain's relationship to the European Union weighed on the British pound. [FT]

Second thoughts by some governments could undermine a euro zone bank bailout plan, a key element of financial crisis containment efforts. [WSJ]

Sweden's deputy central bank governor said a weaker krona would benefit the country's economy and boost exports, and the currency fell. [WSJ]

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