LONDON, July 23- The euro hit an eight-month low against the dollar on Wednesday as worries over tougher sanctions on Russia and their potential impact on fragile euro zone growth drove investors away from the single currency.» Read More
The Greek drama plays on and the Brazilian real crosses a line — it's time for your FX Fix.
CNBC's Ross Westgate reports on all the market moving events from Europe, as the EU budget summit is set to reconvene later in the day.
Paul Mackel, Head of Asia Currency Research at HSBC, says despite doubts that a budget deal can be reached between European ministers at its summit, the euro will remain resilient.
Martin Hennecke, Associate Director at Tyche, says investors should get out of their positions in the euro as political wrangling in the latest European summit indicates the bloc's break-up may be looming.
Nick Verdi, Director of FX Strategy Asia Pacific ex-Japan, Barclays, says Japan's elections will continue to drive the yen in the near term, but U.S. fundamentals will be the real push to take dollar-yen to the 86 level.
Investors are so down on the euro that this pro thinks it could make a better currency play than the dollar.
The Japanese currency has been beaten up lately, but tax hikes and political currents will keep the pressure on.
When it was released a year ago this month, James Rickards' "Currency Wars: The Making of the Next Global Crisis" was widely hailed and quickly adopted as a guidebook of sorts for economic conservatives, Fed critics and especially gold bugs, given Rickards' support for a return to the gold standard.
CNBC's Michelle Caruso-Cabrera reports on market-moving events in Europe; CNBC's Gary Kaminsky has the play on increasing yields; and a look at what's moving U.S. stocks today, with CNBC's Bob Pisani.
Japan's exports slide again and Bank of England members question QE — it's time for your FX Fix.
CNBC's Ross Wesgate reports on all the market moving events from Europe, as the IMF and finance ministers have yet to reach a deal on Greek debt.
Whatever the reasons behind Mitt Romney’s failure to convince the U.S. electorate that he was the man for the job, and there are myriad explanatory factors, it seems his team’s position on economics was one of them.
Market sentiment and economic factors are moving against key Eastern European currencies, this strategist says.
CNBC's Michelle Caruso-Cabrera reports on Europe's market-moving activities, as Moody's downgrades France's credit rating, and Credit Suisse plans to restructure its investment banking division.
Expect a risk rally over the next few days, but next week could be another story. Here's how to trade the shifting winds.
The Bank of Japan stands pat and the Greek drama plays on — it's time for your FX Fix.
CNBC's Ross Westgate reports on all the market moving events from Europe, as stocks drift lower after Moody's stripped France of its AAA-rating.
Callum Henderson, Global Head of FX Research at Standard Chartered, says the currency market is optimistic over the euro zone's outlook despite the downgrade of France by ratings agency Moody's.
This pro says the Norwegian krone is the way to go.
A political call for monetary easing is roiling the yen and upending traders' longstanding risk-based strategies.