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Yen Sags, Dollar Drifts, Greece Goes for Austerity

Greece bites the bullet and Japanese GDP sags - it's time for your FX Fix.

Greece assed an austerity budget that is key to unlocking further financial aid for the country. [WSJ]

Despite Greece's passage of a tough austerity budget, the euro held just above a recent two-month low ahead of a meeting of euro zone finance ministers. [CNBC]

Japan's GDP shrank more than expected, and the yen slipped. [nasdaq.com]

Bank of Japan Governor Shirakawa said Japan will continue monetary easing in light of the economic risks of a strong yen. [Reuters]

With U.S. bond markets closed, the dollar was mostly flat and trading volume is likely to be low. [marketwatch.com]

The Brazilian real opened slightly stronger thanks to exporters selling dollars. [WSJ]

Turkey's central bank governor said a "measured" rate cut may be in the offing if the lira's strength continues. [WSJ]

CURRENCY FUTURES:

Symbol
Name
Price
 
Change
%Change
USD IDX FUT
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EUR/USD FUT
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USD/JPY FUT
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GBP/USD FUT
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USD/CAD FUT
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