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
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
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]