Euro Bailout Gets a Thumbs Up and the Pound Gets a Lift


Germany okays the bailout and British jobless claims fall - it's time for your FX Fix.

Germany's top court gave its backing to the euro bailout fund, and the euro rose. [CNBC]

The dollar hit a four-month low a day after Moody's warned that it could cut the credit rating of the U.S. [CNBC]

Foreign exchange option market indicators suggest the Swiss will keep the floor for the euro against the Swiss franc at Thursday's monetary policy review. [WSJ]

British jobless claims dropped, and the British pound got a lift. []

July core machine orders in Japan were significantly higher than forecast, and the yen rose. [RTT]

With New Zealand's central bank due to meet and investors expecting no change in interest rates, the New Zealand dollar moved higher. []



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