Euro Falls, Italian Bond Yields Lift, British Are Out of Work
The euro is slumping, British unemployment is soaring, and dollar coins are on their way out - it's time for your FX Fix.
The euro hit an 11-month low against the dollar on worries about sovereign debt downgrades. Italian bond yields rose. [CNBC]
British unemployment neared a 17-year high, and the pound slipped. [fxstreet.com]
Australian consumer sentiment weakened and the Aussie dollar slipped before recovering some ground. [fxstreet.com]
The Chinese yuan hit its downside limit, the tenth time in 11 sessions, after the euro fell. [WSJ]
The U.S. Mint is suspending production of dollar coins. No more quarter confusion at vending machines.[WSJ]
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