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Euro Lifts, Brazil Talks Tough

Spain bailout hopes lift the euro and Brazil fires a warning shot — it's time for your FX Fix.

Expectations that Spain may soon ask for aid buoyed the euro. [CNBC]

Legendary hedge fund manager Ray Dalio told CNBC there is a short squeeze on the dollar. [CNBC]

Beware the lure of the proxy trade, where investors use currency pairs to express a view on stocks. [FT]

Chinese business sentiment rose to a three-month high, and the Australian dollar lifted on revived risk appetite. [dailyfx.com]

Brazil threatened to impose taxes on speculative foreign capital, the latest salvo in a "currency war" that the finance minister blamed on Western stimulus moves. [Reuters]

A confrontation is brewing among Greece's creditors over who will provide the funding to keep the country afloat. [WSJ]

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