Dollar Lifts, Spanish Woes Hit the Euro

PUBLISHED: Thu, 05 Apr 2012 12:05:51 GMT

Kelley Holland

Source: Dollar Lifts, Spanish Woes Hit the Euro

Euro zone worries mount and Malawi has a currency problem – it’s time for your FX Fix.

Falling Spanish bond prices and renewed worries about the euro zone sent the euro broadly lower. [CNBC]

The euro breached the floor set by the Swiss against the Swiss franc, but Switzerland appeared to intervene. FT]

Concerns that central banks aren’t doing enough to spur a global economic recovery sapped risk appetite and lifted the dollar. [RTT]

The yen remained firm as worries mounted about the euro zone. [WSJ]

As expected, the Bank of England left interest rates and its target for asset purchases unchanged, and the pound fell. [fxstreet.com]

Malawi, once seen as a promising investment destination for multinationals, has an extreme foreign-currency shortage and political unrest. [WSJ]



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