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Dollar Lifts, Japan Holds Steady

Tuesday, 13 Mar 2012 | 7:33 AM ET

Greece's bailout gets a green light and the dollar gets a lift - it's time for your FX Fix.

The dollar lifted on hopes the Federal Reserve will not inject further stimulus in an economy that appears to be improving. [Reuters]

The euro lifted as European Union finance ministers formally approved the second bailout package for Greece. [fxstreet.com]

The Bank of Japan kept monetary policy on hold, as expected. [CNBC]

Soft home-loan data and a dip in business confidence failed to dent the Australian dollar. [WSJ]

Central bank officials in China have suggested their currency is no longer significantly undervalued, citing February's large trade deficit. [FT]

Japan will buy $10 billion of Chinese government debt, the first major economy to do so. [Reuters]

Russia's central bank held interest rates steady, as expected. [Reuters]

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