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]
MULTI CURRENCIES VS THE DOLLAR
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