Euro Slips, Brazil Backs Off, Hong Kong Intervenes


A disappointing Spanish bond auction and sluggish euro zone retail sales weighed on the euro. []

Lower interest rates are broadly helpful but doing less than expected to weaken the Australian dollar, a top central banker said. [CNBC]

Brazil reduced the scope of its financial-transactions tax, a move likely to spur foreign borrowing by local firms, and the Brazilian real rose. [WSJ]

Euro zone business activity shrank again in November, and capped the euro's early gains. [WSJ]

Hong Kong was forced to intervene again to weaken the Hong Kong dollar. [FT]