Euro Slips, Yen Lifts, Spain Gets a Boost
Aid to Spain eases that country's pain but Greek drama still weighs on the euro - it's time for your FX Fix.
A lack of detail in the new Greek aid package worried investors and sent the euro lower. [CNBC]
German inflation hit its lowest level in four months, adding to pressure on the euro. [dailyfx.com]
Remaining worries about Greece, combined with concerns about the U.S. fiscal cliff, weighed on the Australian and New Zealand dollars. [CNBC]
Concerns about the progress of negotiations on averting the fiscal cliff sent the dollar lower against the yen. [WSJ]
The European Commission is allowing Spain to overhaul its nationalized banks and opened the door to disbursing 40 billion euros in euro zone aid. [CNBC]
Will the Bank of England's new governor bring a hawkish tone to the central bank and the pound? Currency traders seem to think so. [FT]
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