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Dollar Sags, Australia's Central Bank Holds Steady

Tuesday, 3 Jul 2012 | 7:14 AM ET

Australia holds steady on rates, and the euro and dollar dip - it's time for your FX Fix.

Both the euro and the dollar slipped on disappointing economic reports from Europe to the U.S. [CNBC]

Euro zone producer price inflation slowed, giving the European Central Bank another possible reason to cut interest rates. [WSJ]

The Australian dollar rose after Australia's central bank kept interest rates on hold and Australia home approvals surged in May. [CNBC]

Disappointing U.S. manufacturing data raised investors' hopes for stimulus measures and sent the Canadian dollar higher. [dailyfx.com]

As strategists await a possible stimulus injection by the Bank of England, several say the pound is on solid ground regardless. [CNBC]

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