Euro Stops Dropping, Loonie Lifts Off


The Canadian dollar is soaring on the wings of a strong inflation report, and yesterday's euro slide has halted — it's time for your FX Fix.

Canada's CPI came in higher than expected, fueling hopes for higher interest rates, and the loonie is taking off. [WSJ]

The euro is recovering some of yesterday's drop after Greece survived a short-term debt auction. [WSJ]

Traders are unwinding some yen carry trades. Just not too many. [Reuters]

"Appropriate" is no good for the Aussie dollar, at least when it's how the Royal Bank of Australia describes current interest rates. []

Will China allow another one-off yuan revaluation? This central bank advisor thinks so. [CNBC]


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