Euro Slips, Yen Lifts, China Lowers Targets
Greek drama plays on and China lowers its growth forecasts - it's time for your FX Fix.
Concerns about Greece's huge debt restructuring deal sent the euro and growth-sensitive currencies lower. [CNBC]
China lowered its growth target for the year, and the Australian dollar slipped. [WSJ]
The dollar fell against the yen after rising sharply in recent trading, but traders said the upward trend should resume as U.S. economic data is released.
The Canadian dollar edged lower after the price of crude oil fell. [Nasdaq.com]
The dollar's recent rise against the yen may have been helped by purchases of U.S. Treasury instruments by newly cautious Japanese retail investors -the proverbial Mrs. Watanabe. [FT]
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