GO
Loading...

Enter multiple symbols separated by commas

Fed Lifts the Dollar, Data Hits the Euro

CNBC

The dollar held its gains after Federal Reserve meeting minutes revealed some internal doubts about continued bond buying. [CNBC]

Talk that a large hedge fund was liquidating commodity positions also supported the dollar, but sent the Australian and New Zealand dollars tumbling. [CNBC]

A report on German private sector activity disappointed, as did one on the French services sector, sending the euro to a six-week low against the dollar. [CNBC]

Minutes from the recent Bank of England meeting showing more appetite for monetary easing continued weighing on the pound, which hit a 2 1/2 year low.[CNBC]

A better than expected U.K. budget surplus in January gave the pound some relief, but it remained weak. [dailyfx.com]

Egypt plans to invite an IMF mission to Cairo within a week, signaling willingness to negotiate over a loan amid an acute foreign currency shortage. [Reuters]

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.