Australia Surprises, China Talks Tough

Australia may cut rates, China may start a trade war, and the Greek tragedy plays on - time for your FX Fix.

The euro slid, then stabilized, with Greek debt worries mounting. [marketwatch.com]

Trade war in the offing? China is not at all happy about Congressional efforts on the Chinese currency. [CNBC]

The Royal Bank of Australia opened the door to a possible interest rate cut and the Australian dollar fell. [dailyfx.com]

British construction sector activity slowed in September, and the pound weakened. [RTT]

Asian currencies are weaker on global economic worries. [WSJ]

The Turkish lira reached a record low against the dollar on bearish global sentiment. [CNBC]

MULTI CURRENCIES vs THE DOLLAR

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