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]
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about at firstname.lastname@example.org.