Yen Slides, Euro Soars, Singapore Is Rattled
A better than expected manufacturing report buoyed the euro, lifting it to a 14-month high against the dollar and a 2 1/2 year high against the yen. [CNBC]
Expectations of more aggressive monetary easing sent the yen to sliding to its lowest level in 2 1/2 years against both the dollar and the euro. [CNBC]
Falling Canadian crude oil prices are dimming the outlook for Canada's economy and putting downward pressure on the Canadian dollar. [WSJ]
Brazilian industrial output was flat, and with a key U.S. jobs report looming, the Brazilian real slipped. [WSJ]
A probe by Singapore's watchdog into possible "irregularities" in the market for fixing southeast Asian currencies' rates is rattling the city-state. [FT]
China's central bank appeared to intervene in the market in response to weakness in the yen and Korean won, and the yuan closed lower. [CNBC]
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 firstname.lastname@example.org.