Moody's downgrades Brazil to Baa3 from Baa2; outlook stable

FXStreet (Córdoba) - Moody's downgraded Brazil rating to Baa3 from Baa2 with a stable outlook.

Aug 11, 2015

EUR/JPY rises above 138.00, 7-week highs

The EUR/JPY surged to a fresh 7-week high of 138.36, as the Japanese yen maintain a weak tone all through the day. The pair is now aiming to close the day a few pips above its weekly 200 DMA at 137.80, which may encourage additional buying, keeping the downside limited for the EUR against other majors.

AUD/USD trades below 0.7300 in the aftermath of PBoC move

The Australian dollar tumbled after China's central bank devaluate the Yuan, with the AUD/USD back below the 0.7300 level by the end of the day.