Dollar Firms, Pound Lightens Up, Spanish Bank Audit Looms
The euro wavers as a Spanish bank audit looms, and India's rupee can't get a break - time for your FX Fix.
The dollar remained strong after the Federal Reserve disappointed investors who had expected more aggressive easing. [CNBC]
Spain managed another bond sale, but at high rates, ahead of a Spanish bank audit. [WSJ]
Business activity in the euro zone fell for the fifth month in a row, increasing the chances of a European Central Bank interest rate cut in July. [WSJ]
A European Central Bank governor told the Financial Times that a fiscal union in the euro zone is a "necessity." [FT]
Better than expected U.K. retail sales lifted the British pound. [FT]
The Indian rupee fell to a new all-time low against the dollar despite suspected central bank intervention. [WSJ]
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