Euro Gets a Short Term Lift, India Gets a Warning
Aid to Spain lifts risk appetite, but not for long - it's time for your FX Fix.
The euro rose briefly on Monday after Spain secured bank aid, but worries about Greece limited the gains. [CNBC]
After gaining sharply against the British pound on the news from Spain, the euro retreated and gave it back. [fxstreet.com]
Spanish bond yields, which fell initially on news of the bailout, reversed their gains. [CNBC]
News of the aid to Spanish banks sent the Australian and New Zealand dollars to four-week highs in Asian trading. [CNBC]
Average daily foreign exchange settlement volume rose in May, and values also rose. [Reuters]
Standard & Poor's warned thatIndia could lose its investment grade credit rating due to slow economic growth, and the rupee fell. [RTT]
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