Euro Sinks on Pain In Spain, Yen Steadies
A weak Spanish jobs report combined with profit-taking to send the euro lower. [CNBC]
Euro-zone producer prices declined, as expected, and investor confidence rose to its highest level in 19 months but remained negative. [dailyfx.com]
Option-related buying steadied the yen just above a 2 1/2-year low, but investor sentiment on the currency remained bearish. [CNBC]
The Swiss franc ticked lower, retreating from a nine-month high hit Friday after the U.S. reported improving economic data. [economictimes.com]
Disappointing levels of building approvals sent the Australian dollar lower, but it recovered late as traders awaited a central bank meeting. [WSJ]
Investors are awaiting policy plans from the Bank of England's governor-designate, Mark Carney, and many think more stimulus is likely. [WSJ]
The Chinese yuan fell, giving up all its year-to-date gains, as Asian markets continued digesting the effects of widespread monetary easing. [CNBC]
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