Italian Auction Hits Euro, Aussie Lifts


Italy's borrowing costs rose at its latest bond auction, reflecting the political uncertainty there, and the euro dipped. [CNBC]

Standard & Poor's affirmed that Australia's credit rating is safe, and the Australian and New Zealand dollars lifted slightly. [CNBC]

Euro zone manufacturers became less gloomy about their prospects in February and reported an improvement in new export orders. [WSJ]

The U.K. is now one quarter away from a triple-dip recession after an updated estimate confirmed a 0.3% contraction in the U.K. economy in the fourth quarter. []

South Africa's rand softened ahead of a speech by the finance minister that will outline plans for stimulating growth. [CNBC]

China's central bank set a fixing indicating its desire for a stable yuan ahead of an annual parliamentary session, and it rose slightly. [CNBC]

The yuan is now the thirteenth most commonly used currency for international payments, ahead of the ruble and Danish krone. [WSJ]

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