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Euro Gets a Lift, Turkey Gets a Cut

Tuesday, 20 Nov 2012 | 7:56 AM ET

The Bank of Japan stands pat and the Greek drama plays on - it's time for your FX Fix.

The Bank of Japan, as expected, held off on new monetary stimulation, and the yen found support. [FT]

Euro zone finance ministers re trying to reach agreement approving the next tranche of aid to Greece. [Reuters]

Hopes for a deal n aid to Greece sent the euro near a four-week high against the yen. [Reuters]

Spain managed to sell more than expected at its latest debt auction, giving the euro a boost. [fxstreet.com]

Moody' cut France's triple-A credit rating, following Standard & Poor's, rekindling euro zone worries. [FT]

Turkey's central bank cut its overnight lending rate for the third consecutive time in an effort to spur economic growth. [RTT]

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