Euro slips, pound trips, asian central banks intervene

Greek drama enters a new act and Germany's Angela Merkel offers tough love - it's time for your FX Fix. announced it would hold new elections and the EURO hit a four-month low

against the dollar. [CNBC] The BRITISH POUND fell to a four-week low against the dollar after the Bank of England cut its growth forecast. [FT] The Bank of England and other authorities have

been discussing CONTINGENCY PLANS FOR A GREEK EXIT FROM THE EURO "for some time," says Governor Mervyn King. [CNBC] German ChancellorAngela Merkel told CNBC she wants GREECE to

stay in the euro zone, but says it must honor its commitments. [CNBC] Worries about contagion from the euro zone crisis hit emerging Asian markets, and CENTRAL BANKS IN SOUTH KOREA AND

INDONESIA INTERVENED to defend their currencies. [WSJ] The hit a record low against the dollar despite intervention and other moves by the central bank.  [CNBC] -----------------------------

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