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Spain's on Notice, Yen's on a Short Leash

Friday, 29 Jul 2011 | 7:29 AM ET

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]

Japanese officials stepped up their warnings about excessive yen strength. [Reuters]

Think burgers in Beijing are cheap? Check out the latest Big Mac index of currencies' purchasing power. [economist.com]

CURRENCY FUTURES:

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