Spain's on Notice, Yen's on a Short Leash
A warning on Spain dents the euro, and Japanese officials want the yen lower, thank you. Time for your Friday FX Fix.
The dollar could lose its reserve-currency status if the debt ceiling isn't raised, says the IMF Managing Director. [WSJ]
The House cancelled a vote on a Republican debt-ceiling plan. The dollar fell but recovered. [marketwatch.com]
Luckily for dollar holders, foreign central banks are caught in the "dollar trap." [WSJ]
Moody's warned of a rating cut for Spain, and the euro slipped. [Reuters]
Think burgers in Beijing are cheap? Check out the latest Big Mac index of currencies' purchasing power. [economist.com]
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