Dollar Lifts, Euro Sinks, Iran Cracks Down

PUBLISHED: Mon, 08 Oct 2012 11:51:10 GMT


Kelley Holland

Source: Dollar Lifts, Euro Sinks, Iran Cracks Down

Investors fret over the global economy and Iran gets tough on currency traders – it’s time for your FX Fix.

Renewed worries about the global economic outlook sent the safe-haven dollar and yen higher. [CNBC]

The Australian and New Zealand dollars fell amid concerns about the global economy and indications of further softening in the Australian labor market. [CNBC]

With a meeting of euro zone finance ministers looming and Spain’s economy teetering, the euro fell. [WSJ]

Labor unrest continued in South Africa, and the rand continued its slide. [WSJ]

In an effort to force the rial higher, Iranian officials are forcibly shutting currency trading shops and arresting traders. [FT]

With questions persisting over an international financing deal,Hungary’s forint led emerging European currencies lower. [CNBC]



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