Euro Steadies, But Central Banks Are Selling
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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