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Euro Stays Frail, China's CPI Cools

Monday, 9 Jul 2012 | 8:27 AM ET

The euro's slide stalls and Chinese consumer price inflation keeps slowing — it's time for your FX Fix.

The euro steadied around a two-year low, but looked vulnerable ahead of a meeting of euro zone finance ministers. [CNBC]

Is the euro zonefragmenting faster than the European Union can act? [CNBC]

The Australian and New Zealand dollars rallied against the ailing euro, but remained weak against the dollar and yen in the wake of Friday's lackluster employment report. [CNBC]

China's CPI growth declined again, but the Australian dollar, usually vulnerable to weakness in China, was little changed. [dailyfx.com]

Thomson Reuters is buying FX Alliance, an electronic foreign exchange platform. [Reuters]

Romania's leu ticked higher after hitting an all-time low amid political turmoil. [CNBC]

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