Australia Cuts Rates, G7 Wades Into the Euro Zone

Australia trims interest rates and Spain's bond-market woes worsen - it's time for your FX Fix.

Spain's Treasury minister said the country was effectively shut out of the bond markets, and the euro fell. [CNBC]

Australia's central bank cut interest rates less than some expected, and the Australian and New Zealand dollars rose. [CNBC]

With alarm rising about the threat posed by the euro zone crisis, G7 finance ministers are having emergency talks via conference call. [FT]

Japan is unlikely to get the blessing of other G7 nations for a unilateral intervention to curb the yen's rise, sources said. [CNBC]

The Canadian dollar touched a six-month low ahead of today's central bank meeting. [Reuters]

The Chinese yuan fell against the dollar, tracking the euro's weakness. [WSJ]

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