Euro Slips, Yen Steadies, Bank of Japan Meeting Awaits
A Bank of Japan meeting looms and Australia's central bank pushes back - it's time for your FX Fix.
Uncertainty over Greece's usterity deal and Spain's bailout request weighed on the euro. [CNBC]
The dollar was steady, trading in a range, ahead of a closely watched Bank of Japan meeting. [WSJ]
Talk that the Bank of Japan may not ease as much as expected at its upcoming meeting got the yen off to a steady start Monday. [Reuters]
Australia's central bank may have been pushing back against the strong Australian dollar via sales to counterparties. [CNBC]
The Chinese yuan rose against the dollar, but remained below recent highs as traders took profits on the currency's recent run. [WSJ]
Uncertainty about an upcoming central bank policy review sent the Indian rupee to a one-month low against the dollar. [Reuters]
With Hurricane Sandy leaving New York bank's FX desks thinly staffed, London traders are likely to pick up the slack. [WSJ]
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