Greek Drama Continues, Japan Takes a Ratings Hit


The Greek drama plays on and the Swiss may go for the gold - it's time for your FX Fix.

Pessimism about the outcome of a meeting of European leaders sent the euro lower. [CNBC]

Still, risk appetite stabilized somewhat in Asian trading and the Australian dollar moved higher. [WSJ]

Fitch cut Japan's sovereign debt rating over concerns about spiraling debt, and the yen fell against the dollar. [CNBC]

Is secret central bank aid what's propping up Greek banks? [CNBC]

A panel of the Swissparliament is today discussing the introduction of a parallel so-called gold franc. []



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