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Yen Slips, Euro Takes a Breather

Tuesday, 18 Sep 2012 | 7:26 AM ET

A Bank of Japan meeting looms and Spain shies away from a bailout - it's time for your FX Fix.

Spain's apparent reluctance to seek a bailout took some wind out of the euro's sails after a rapid gain. [CNBC]

Speculation that the Bank of Japan might loosen policy weighed on the yen. [CNBC]

The Australian dollar slipped as investors took profits on the rally sparked by the Fed's announcement of QE3. [WSJ]

India's reform efforts met with investor approval, and the rupee shot up to its strongest level in four months. [FT]

U.K. inflation slipped to 2.5%, in line with expectations, and the British pound held steady. [RTT]

The Turkish lira hit a new three-month low ahead of a central bank meeting. [businessrecorder.com]

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