Euro Crisis Grinds On, Emerging Market Currencies Lose Steam


The BRICS turn the tables and the Belarussian ruble takes a dive - it's time for your FX Fix.

The European Commission will present a study of euro zone bonds, and French, German and Italian leaders are planning a telephone conversation later today. [CNBC]

Worries about Europe are taking a toll on emerging market currencies as investors seek safe havens. [WSJ]

Officials of the leading emerging-market economies will meet to discuss how to help with the euro zone crisis. [FT]

The Australian dollar weakened, taking the kiwi with it, after inflation eased. [WSJ]

The Indonesian central bank sees room to cut interest rates and is prepared to intervene to stabilize the rupiah. [CNBC]

The Belarussian ruble fell 38 percent in its first session of free trading. [CNBC]


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