ForexLive North American wrap: G20 to the rescue

Mexico's Calderon: G20 to seek to adopt a plan to resolve European debt crisis Spanish 10-year yields touch 6.85%, Italy 6.30% German official: G20 to discuss boosting IMF quotas, global firewall Merkel: there must be conditions for Spain NIESR: UK grow 0.1% in quarter through May Fitch downgrades 18 Spanish banks ECB sees possible further 15% decline in Spanish property market Greek budget gap widens 4.5% versus a year ago Cyprus: No decision has been taken to enter a financial support mechanism US import price index -0.3% y/y vs -0.6% y/y exp NZD leads, JPY lags S&P 500 gains 1.2% to 1324