Euro Slips, Italy Borrows, Brazil Cuts a Forecast
Spain's sorrows dent the euro and Brazil cuts its growth forecast - it's time for your FX Fix.
With uncertainties continuing about Spain ahead of its budget release, the euro hovered near a two-week low. [CNBC]
The dollar fell against the yen on Japanese players' quarter-end flows. [WSJ]
Italy managed a successful bond sale despite the troubles in Spain. [CNBC]
In the wake of the Fed's QE3 announcement, currency tradersare shifting assets to countries they see as less likely to try to weaken their currencies. [CNBC]
Brazil's central bank lowered its growth forecast to 1.6%, from 2.5%, but the real was little changed. [Reuters]
The leaders of Greece's three-party coalition agreed to most of the austerity measures demanded by international creditors. [WSJ]
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