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Euro Slips, Risk Appetite Wanes

Italy manages a bond sale, and the Swiss are scolding - it's time for your FX Fix.

Industrial production fell in the euro zone, and the euro weakened as risk appetite waned.[FT]

Italy managed to sell the maximum at its bond auction, but at a high yield. [FT]

Germany's Angela Merkel said the debt crisis isEurope's biggest challenge since World War II. [Reuters]

IMF Chief Christine Lagarde suggested that Japan's currency intervention was justified. [WSJ]

Technical signals that the S&P 500 could be headed lower may signal an upturn for the dollar. [dailyfx.com]

Swiss officials continued their jawboning campaign against a strong Swiss franc. [forexyard.com]

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