Spain Keeps Its Rating, Euro Lifts

Spain avoids a cut and the British go to work - it's time for your FX Fix.

The euro hit a one-month high against the dollar after Moody's affirmed Spain 's investment grade credit rating. [CNBC]

Hopes for a Spanish bailout boosted risk appetite and lifted the Australian and New Zealand dollars. [dailyfx.com]

U.K. unemployment fell below 8%, and the British pound got a lift. [dailyfx.com]

With the Presidential candidates arguing over China policy, the yuan hit a new high against the dollar. [CNBC]

Germany reduced its growth forecast for 2013, to 1% from 1.6%, dimming the outlook for the largest economy in the euro zone. [WSJ]

Iraq 's central bank chief was suspended amid a fraud investigation into alleged currency manipulation. [FT]

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