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Aussie Slips, Euro Steadies, Rial Keeps Falling

Australia cuts rates and kiwis look sweet - it's time for your FX Fix.

Australia's central bank cut interest rates by 25 basis points, and the Australian dollar fell. [CNBC]

The New Zealand dollar, on the other hand, rose as investors cut their Aussie dollar positions. [WSJ]

The euro recovered slightly from a three-week low, but still looked vulnerable to worries over Spain's finances. [CNBC]

Activity in the British construction sector contracted more than expected in September, but the pound rose. [dailyfx.com]

South Korean inflation remained low and the purchasing managers' index slumped, boosting the chances for an interest rate cut that could affect the won. [WSJ]

Euro zone factory prices rose sharply, which could put pressure on the European Central Bank on interest rates. [WSJ]

Iran's rial built on Monday's slide, and is now more than 80% weaker than a year ago. [WSJ]

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