Loonie Slips, Euro Sags, Economies Drag


Currency intervention gains steam, economic reports lose it - it's time for your FX fix.

The euro fell to a six month low in the wake of comments by the European Central Bank's Jean-Claude Trichet. [FT]

The Canadian dollar weakened after a disappointing employment report. [dailyfx.com]

Japan's economy shrank more than first estimated in the second quarter, and the finance minister expects more yen intervention. [ibtimes.au]

Hungary may allow people with debts in foreign currencies to repay them at exchange rates way well below current levels. [CNBC]

A debate is intensifying in Hong Kong over whether to end that currency's link to the U.S. dollar. [CNBC]

Argentina's peso strengthened after the central bank joined the growing intervention crowd. [WSJ]


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