Euro awaits a move by Spain and China fools the forecasters - it's time for your FX Fix.
With traders awaiting word on whether Spain will seek a bailout, the
Rifts widened between top finance officials at the IMF/World Bank meetings, possibly hampering their ability to find ways to jointly help the global economy. [WSJ]
Better then expected economic reports from China boosted risk appetite and sent the dollar and yen lower. [dailyfx.com]
Norway's trade surplus declined in September, but the krone showed little reaction. [RTT]
Standard & Poor's cut South Africa's sovereign debt rating late Friday, and the
Fed Chairman Ben Bernanke encouraged developing countries to allow their currencies to appreciate, since forcing them lower raises inflation risks and reduces monetary independence. [WSJ]
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