Aussie Slides, Dollar Regains Some Ground
The dollar regains safe-haven appeal and China's metals demand is slipping - it's time for your FX Fix.
The dollar gained on demand for save havens as Asian stocks and U.S. stock futures slipped. [marketwatch.com]
Signs of weakening iron ore demand in China sent the Australian dollar lower. [CNBC]
Australia's central bank is content with current interest rates, according to newly released meeting minutes. [RTT]
The euro also edged down on concerns about the scale of China's growth slowdown. [Reuters]
Inflation slowed in the U.K. for the fifth consecutive month, but the British pound firmed against most other major currencies. [RTT]
Deutsche Bank said it is being sued over alleged manipulation of dollar interbank rates, and it received subpoenas and requests for information as part of a global probe into rates offered between banks. [CNBC]
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