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British Pound Takes a Beating, Euro Keeps Sliding

Risk appetite falls as Italian bond auction disappoints - it's time for your FX Fix.

The euro fell against the yen and the dollar after yields at an Italian bond auction came in close to 7 percent. [CNBC]

Italy's lackluster bond sale pared risk appetite and drove the dollar higher. [marketwatch.com]

The British pound hit a 2 1/2 month low against the dollar on heavy sterling offers on electronic trading systems. [Reuters]

The Russian ruble extended its losses against the dollar after the central bank widened its trading band. [CNBC]

Dithering and indecision allowed the EU crisis to become a global threat. [WSJ]

The yuan strengthened as companies raised yuan cash for year-end settlements. [WSJ]

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