Spanish Auction Supports the Euro and Inflation Lifts the Pound
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Spain's debt sells and British inflation is stubborn - it's time for your FX Fix.
The growth in countries' foreign exchange reserves may be helping the euro, analysts say. [FT]
Yields jumped but demand was strong in a Spanish debt auction, and the euro rose slightly. [CNBC]
The Canadian dollar rose on a rebound in oil prices, and the Bank of Canada's rate decision is imminent. [RTT]
A higher than expected increase in U.K. consumer prices lifted the British pound. [FT]
India's central bank slashed interest rates, but the rupee remained under pressure. [WSJ]
The London Metal Exchange may allow members to clear trades in Chinese yuan, signaling the growing importance of China in the commodities markets. [Reuters]
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