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Euro Steadies, But Central Banks Are Selling

Monday, 4 Jun 2012 | 8:04 AM ET

Central banks sell euros and the Russian ruble slides - it's time for your FX Fix.

The euro held steady as bond yields easedfor some countries in the euro zone periphery. [CNBC]

Central banks in emerging markets have been selling euros to shore up their own sagging currencies. [FT]

Euro zone industrial producer price inflation hit a 25-month low, giving the European Central Bank breathing room to cut interest rates. [RTT]

Spanish President Mariano Rajoy called for a European fiscal authority to control national budgets and debt levels. [fxstreet.com]

As oil prices slid, the Russian ruble touched a three-year low, into a range where the central bank usually intervenes. [CNBC]

A rout in Asian stocks dented the Australian and New Zealand dollars a day before a Reserve Bank of Australia meeting. [CNBC]

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