Euro Slips, Commodity Prices Sting, China Reserves Fall
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A reported German challenge to European bond-buying dents the euro and commodity prices hit the Aussie - it's time for your FX Fix.
A report that German officials are checking the legality of the European Central Bank's bond-buying plan sent the euro lower. [CNBC]
With Finance Minister Azumi set to depart, traders expecting less downward pressure on the yen pushed the currency higher. [FT]
Commodity prices are slipping, and the Australian dollar is feeling the effects. [WSJ]
The Swiss National Bank's efforts to keep the Swiss franc in check are helping France and Germany achieve lower borrowing costs. [FT]
China's FX reserves shrank for the first time since 1998, possibly signaling a loss of confidence in the outlook for the yuan. [actionforex.com]
After an unexpected interest rate cut in Hungary last month, traders sent the forint lower ahead of an upcoming central bank meeting. [Reuters]
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