Euro Slips, Italy Borrows, Brazil Cuts a Forecast


Spain's sorrows dent the euro and Brazil cuts its growth forecast - it's time for your FX Fix.

With uncertainties continuing about Spain ahead of its budget release, the euro hovered near a two-week low. [CNBC]

The dollar fell against the yen on Japanese players' quarter-end flows. [WSJ]

Italy managed a successful bond sale despite the troubles in Spain. [CNBC]

In the wake of the Fed's QE3 announcement, currency tradersare shifting assets to countries they see as less likely to try to weaken their currencies. [CNBC]

Brazil's central bank lowered its growth forecast to 1.6%, from 2.5%, but the real was little changed. [Reuters]

The leaders of Greece's three-party coalition agreed to most of the austerity measures demanded by international creditors. [WSJ]



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