Dollar Sinks, Euro Sags, Chinese Inflation Rises
Jobs data dents the dollar and oil-price worries weigh on the ruble - it's time for your FX Fix.
Speculation about possible economic stimulus after Friday's lackluster jobs report sent the dollar lower against the yen. [FT]
The euro neared the Swiss National Bank's trading floor amid thin Easter-holiday trading. [WSJ]
Concerns that oil prices could fall in the wake of weaker than expected economic data from China and the U.S. sent the Russian ruble lower.
Chinese inflation rose more than forecast in March, and the yuan hit a four-day high against the dollar before slipping back. [Nasdaq]
Economists lowered their forecasts for 2012 inflation in Brazil to 5.06% from 5.27%.
Spanish and Italian banks have been buying record amounts of their countries' sovereign debt, raising new concerns about euro zone conditions. [NYT]
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