The euro stays weak, the yen gets a lift, and Poland makes a move - it's time for your year-end FX Fix.
The International Monetary Fund (IMF) should resist pressure from European Union leaders to take part in inadequate bailout programs for European countries, Mohamed El-Erian wrote in the Financial Times.
The euro’s dramatic slide to the year’s lows in light trading is a likely prelude to more weakening in the New Year and highlights the long haul ahead for the euro zone’s debt crisis.
The Italian bond auction: they got it done, but yields are still too high and demand was tepid
Risk appetite falls as Italian bond auction disappoints - it's time for your FX Fix.
The yield on Italian 10-year bonds fell from the euro era highs reached in November, settling slightly below the market-sensitive level of 7 percent in an auction on Thursday.
Greek tax officials walked off the job Thursday at the start of a 48-hour strike to protest salary cuts and other austerity measures, as the government struggles to meet revenue targets.
CNBC Contributor Michael Farr with his ten predictions for the New Year.
The Fast Money Halftime Report traders break down today's market moving headlines, including the S&P sitting on a 200-day moving average and the stocks that are poised for a breakout.
Eurozone banks have deposited record amounts of cash at the European Central Bank, just days after it provided unprecedented levels of liquidity in an effort to reduce tension in the financial system. The Financial Times reports
Christian Carrillo, Head of Asia-Pacific Interest Rate Strategy at Societe Generale Corporate & Investment Banking, says the Italian 3-year bond auction, not the 10-year bond, will go "reasonably well" despite the existing volatility.
Euro bears may be on the prowl, but this strategist sees a tactical buying opportunity.
Yield on the Italian 10-Year is up some 7% ahead of Thursday's bond auction, with CNBC's Melissa Lee, Bob Pisani & Carl Quintanilla.
Banks are the key to fixing Europe's ongoing economic crisis, and they must be helped to lend while recapitalization of European financial institutions takes place early next year, analysts said on Tuesday.
Tony Nash, Managing Director, IHS Global Services says Japan, together with the U.S., has criticized euro zone leaders for not having the ECB as the "backstop for all sovereign debt." He adds that the first half of next year will be rough for Europe, China and the U.S.
Web-only advice and information for currency traders, with CNBC's Melissa Lee and the Money In Motion traders.
Will the risk-on rally continue through the end of the year? How to make money from the risk-on rally, with CNBC's Melissa Lee and the Money in Motion traders. With Deutsche Bank's Joe LaVorgna. Also, how to short the euro now, as the ECB takes new measures to support euro zone banks.
The global markets. European stocks rise to a two-week high, although volume is extremely light heading into the holiday. Moody's keeps Austria's AAA rating with a stable outlook. Ten-year Italian bonds remain near 7 percent -- Italy will hold a series of bond auctions next week. Greece must decide whether it will take a 70- or 50-percent haircut. And a decision on European downgrades will come in January, according to S&P. With Dan Greenhaus, BTIG chief global strategist, and Stephen Weiss, Short Hill Cap
Though European stocks are up this week, and the European Central Bank's three-year loan program was deemed a success (it eased funding difficulties for banks), the euro is little changed, hovering around $1.30. Spreads on southern European bonds vs. German bunds are generally wider, and Italian 10-year bonds remain near 7 percent. This is a serious problem, as Italy has a series of bond auctions before the year is out.
U.S. futures are up the last trading day before Christmas and a day after the House agrees to accept Senate terms on the payroll tax cut. In Europe, the markets rally into the holidays. The euro is slightly up against the dollar.