Euro Lifts, Emerging Market Currencies Are on a Roll


Hopes for a Greek deal persist, and British consumers are feeling better - it's time for your FX Fix.

Hopes for a Greek debt deal this week lifted the euro. [CNBC]

Euro zone unemployment hit its highest level since the euro was introduced. [CNBC]

A German-inspired European pact pledging more budget discipline was signed by 25 of 27 countries. [CNBC]

British consumer confidence rose slightly, and that combined with optimism about Europe lifted the British pound. []

Australian business confidence picked up only slightly in December, but the Australian dollar rose on the apparent progress in Europe. []

Emerging market currencies have started 2012 with a bang, but central banks in those countries may intervene, experts say. []



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