Italy Spooks Currency Investors, Risk Appetite Evaporates

Italy sends the euro tumbling, and Britain needs more exports, please - it's time for your FX Fix.

Italy's borrowing costs rose near unsustainable levels, and the euro tumbled. [WSJ]

The Australian and New Zealand dollars also slid on worries about Italy. [RTT]

The dollar soared as the euphoria over Italian Prime Minister Silvio Berlusconi's resignation unraveled. [thestreet.com]

Britain's trade deficit widened more than expected, and the pound fell. [dailyfx.com]

China's former central bank chief says the yuan could be a global reserve currency in fifteen years. [Reuters]

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