U.S. Economic Data Looms, Aussie Dollar Lifts

Spain feels pain and the Australian dollar lifts — it's time for your FX Fix.

A sharp rise in Spain's borrowing costs and worries about a bailout sent the euro lower. [CNBC]

With investors seeking both yield and safety, the Australian dollar rose against the dollar and hit a record high against the euro. [CNBC]

Traders cut long dollar positions ahead of a release of fresh U.S. economic data. [FT]

U.K. retail sales grew less than expected and the British pound fell slightly. [dailyfx.com]

A draft deal on the European bailout fund, known as the EFSF, calling for it to set aside funds to buy Spanish bonds, lifted risk appetite. [fxstreet.com]

A major currency hedge fund is saying it's time to buy the dollar. [WSJ]

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