Dollar Awaits GDP, Euro Rises
By: Kelley Holland | News Writer
Concerns that the U.S. could report lackluster GDP, weakening the dollar, even as Germany issues stronger economic reports, lifted the euro to a 14-month high. [CNBC]
Euro zone economic sentiment improved more than expected across all sectors in January, helping the euro lift. [CNBC]
The dollar edged higher against the yen ahead of the release of fourth-quarter GDP data. [WSJ]
China's yuan broke a week-long losing streak and the central bank signaled tolerance for some currency appreciation. [CNBC]
Big moves in safe haven currencies like the yen, Swiss franc, and British pound are drawing investors back into the forex market, and banks are seeing sharply higher trading volume. [FT]
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Terms Dictionary. Top currency strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about - email us at moneyinmotion@cnbc.com.
