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Dollar and Yen Lift, Aussie Sinks on Euro Zone Woes

Greece weighs on the euro and safe havens get a lift - it's time for your FX Fix.

The euro pared losses after hitting a four-month low against the dollar after Moody's downgraded Spanish banks. [CNBC]

Worries about the crisis in Europe fueled demand for safe havens and lifted the dollar. [CNBC]

Japan's finance minister stepped up efforts to talk down the resurgent yen. [WSJ]

The turmoil in Greece is making currency hedging trickier, and fund managers are reducing their positions in Asian currencies. [WSJ]

Disappointing U.S. manufacturing data and worries about Greece sent the Australian dollar down to levels not seen since last November. [WSJ]

Projected market volatility hit its highest level since December, stoking investors' appetite for safe havens. [Reuters]

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