Rumors Hit Euro, Tough Talk Hits the Yen


Spain survives its bond sale and Japan talks down the yen - time for your FX Fix.

Demand was solid at Spain's bond auction, but borrowing costs rose, and euro traders were not impressed. [CNBC]

Unconfirmed rumors that France's debt would suffer a rating cut sent the euro lower. [Reuters]

Decent bond auctions by Spain and France helped the British pound build on Wednesday's gains. [WSJ]

Japanese authorities continued their verbal intervention to curb the yen's strength, and it weakened. [FT]

Australia's prime minister is boosting pressure on the central bank to cut interest rates. [WSJ]

Strengthening oil prices lifted the Canadian dollar. [RTT]



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