Euro Slips, Investors Reach for Yield
Aid to Spain leaves the euro in pain and commodity prices lift the loonie - it's time for your Friday FX Fix.
The euro slipped, and looked vulnerable to more losses, on worries about Spain's fiscal problems.[CNBC]
Euro zone finance ministers are formally approving Spain 's banking sector bailout packagetoday. [BBC.com]
Yield-hungry investorsare taking the Australian and New Zealand dollars to new heights. [CNBC]
Strong commodity pricesand demand for yield pushed the Canadian dollar to a two-month high against the U.S. dollar and a record high against the euro. [Reuters]
The yuan hit the bottom of its trading band as companies, concerned about the Chinese economy, continued to buy dollars. [FT]
The South African rand looked poised for more weakness after falling on Thursday's interest rate cut.[WSJ]
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