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Greek Hopes Lift the Euro, China Report Hits the Aussie

Friday, 11 May 2012 | 8:11 AM ET

JPMorgan's loss dents risk appetite, and Chinese data disappoints - it's time for your Friday FX Fix.

The euro climbed off its lows on hopes that a new Greek government may be formed before long. [CNBC]

Banks are quietly preparing themselves for trading a new Greek currency, experts say. [CNBC]

The Australian and New Zealand dollars fell after China reported sharply weakening industrial production. [CNBC]

A massivetrading lossat JPMorgan is curbing risk appetite, and the safe-haven yen rose in Asian trading. [dailyfx.com]

After two weeks of declines, the Canadian dollar was trading below parity ahead of the latest Canadian employment report. [WSJ]

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