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Euro Lifts, Dollar Dips as Italians Tighten Their Belts

Japan walks softly carrying its intervention stick, and Italy votes on austerity - it's time for your FX Fix.

The euro rose early today as the Italian Senate approved a new austerity package. [Reuters]

The dollar weakened as demand for safe havens eased.[RTT]

Japan may be attempting under-the-radar intervention to stem the yen's rise. [WSJ]

The Bank of Korea held interest rates steady, as expected, a day after Indonesia surprised with a rate cut. [CNBC]

Sanctions on Iran are roiling its currency market, and there are now three - yes, three - rates for the rial. [FT]

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