Euro Sags, Rupee Slips, Safe Havens Lift
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Summit worries weigh on the euro and India's rupee can't get a break - it's time for your FX Fix.
Concerns about sputtering global growth and the upcoming European Union summit sent the euro lower. [CNBC]
The dollar and the yen rose on demand for safe havens after the Bank for International Settlements warned of the limitations of loose monetary policy. [dailyfx.com]
India announced a number of measures to support the ailing rupee, but investors had hoped for more. [WSJ]
A dollar shortage in Asia is giving China an opportunity to promote the use of the yuan in global trade. [FT]
China's yuan rose on heavy demand from local banks after the dollar neared a seven-month high earlier in Asian trading. [WSJ]
As expected, Spain formally requested aid for its banks. [CNBC]
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