Euro Pressure Eases, Yen Presses Upward

Wednesday, 13 Jul 2011 | 9:08 AM ET

Euro traders are relieved and margin traders in Japan are not. It's time for your FX Fix.

Absent more bad news, the euro is getting a lift. [WSJ]

China's GDP showed annual growth of 9.5%, that was enough to boost the Australian dollar. [ibtimes.com]

With dollar-yen at its lowest level since just after the March earthquake, Japanese intervention could be in the offing. [WSJ]

Meanwhile, margin traders in Japan now hold record amounts of positions betting that the yen will weaken, J.P. Morgan estimates. [FT]

Schwab is going to let customers invest overseas in local currencies. [usatoday.com]


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