Short Covering Helps Euro, China Helps Aussie

Chinese trade data lifts currencies down under, and short covering lifts the euro from Monday's lows — it's time for your FX Fix.

The euro held its ground after rising from Monday's low, but debt auctions are looming later in the week. [CNBC]

Benign Chinese trade data gave the Australian and New Zealand dollars a lift. [CNBC]

The Russian ruble has fallen 3 percent against the dollar since political protests erupted in December. [WSJ]

The Swiss franc briefly jumpedafter Swiss National Bank President Philip Hildebrand resigned over his wife's currency trading. [CNBC]

The Iranian rial has fallen 20 percent against the dollar in the last week, despite central-bank efforts to prop it up. [Reuters]

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