Washington Scolds, Yen Rises
By: Kelley Holland | News Writer
Italy manages a bond sale and the U.S. scolds Japan - it's time for your FX Fix.
Italy's short-term debt costs were halved in its latest bond auction, but the euro-dollar pair barely budged. [RTT]
The U.S. criticized Japan's intervention and called China's efforts to lift the yuan insufficient, but stopped short of claiming currency manipulation. [WSJ]
The yen moved higher after the U.S. criticism. [FT]
The Canadian dollar strengthened on higher oil prices and firming stock prices. [Bloomberg]
The Swiss franc rose after data from the Swiss KOF research institute fell to a two-year low. [fxstreet.com]
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