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Euro Slips, Chinese Data Disappoints

Japan has a trade surplus, the euro zone slows, and China sets off alarm bells in Asia - it's time for your FX Fix.

An unexpected decline in euro zone manufacturing and services activity in March sent the euro lower. [CNBC]

After Japan posted an unexpected trade surplus, the dollar fell against the yen, but traders said its upward trend remains intact. [WSJ]

Factory activity in China sank for the fifth consecutive month, and the Australian dollar slipped. [CNBC]

The downbeat factory-activity report from China sent commodity related assets lower, and the Canadian dollar slipped. [RTT]

Australia's central bank signed a three-year bilateral local currency swap agreement with China. [CNBC]

The South Korean won fell on worries about the impact on Asia of a slowing Chinese economy. [topforexnews.com]

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