WSJ:WORLD FOREX: Major Currencies Steady, But Emerging Markets Dive
-- The euro steadies and sterling outperforms after services data
-- Turkey gets tough on lira weakness
-- Fitch Ratings warns Hungary, forint sinks
-- Dexia shares rise, likely to be restructured as early as Thursday
LONDON (Dow Jones)--Emerging market currencies grabbed the focus Wednesday as major currencies held broadly steady ahead of big events later in the week.
The euro barely blinked against the dollar, despite data indicating the euro-zone economy shrank for the first time in more than two years. Word of a rescue plan in the offing for French-Belgian bank Dexia contributed to the euro's stability.
