The yen held firm in Asia on Thursday, having risen broadly on the back of a slump on Wall Street as expectations grew the Federal Reserve could scale back stimulus as early as next week.» Read More
Now that Europe's one-day summit is out of the way, the market focus may shift back to the U.S. economy and what is bothering stocks.
The latest proposed fixes for the euro crisis disappointed markets and sent bank stocks tumbling. They "plan to support the banking system but they are going to charge them for it," a trader said.
The Swiss franc is sliding on worries it will be pegged to the euro. But whether a peg is really feasible is unclear.
German growth disappoints, British inflation rolls on, and Sarkozy and Merkel are set to meet - time for your FX Fix.
"If the markets believe progress is being made, they will give you enough time to do make changes. But at the moment you have got this divide between politicians, you have not got a consistent message," Charles Diebel, head of market strategy at Lloyds Bank Corporate Markets, told CNBC.
German Chancellor Angela Merkel and French President Nicolas Sarkozy may wind up their Tuesday meeting with a list of accomplishments as empty as the streets of Paris in August.
The Swiss franc slumps, the yen powers on, and George Soros has some suggestions - time for your FX Fix.
"I think investors are being extremely defensive, and rightly so. They have to be, because what we saw last week was pretty brutal and pretty uncomfortable," Tim Skeet, managing director at Royal Bank of Scotland, told CNBC.
Claudio Piron, Head of Emerging Asia Foreign Exchange and Fixed Income Strategy at BofA Merrill Lynch Global Research thinks that a peg is certainly on the cards but is worried about the cost of the intervention and whether the SNB can afford that.
Big swings in stock prices could again characterize trading in the week ahead, as investors watch Europe and the very behavior of the markets themselves.
In a week like the one just ended, it's worth giving up some pleasure to avoid more pain, these strategists say.
Money in Motion trader, Andy Busch breaks down the trade on the Swiss franc and how to trade Central Bank bombshells.
Discussing Italy's new austerity plan, and whether there is a double-dip to dunk the dollar, with CNBC's Melissa Lee and the Money in Motion traders.
Tough talk from the Swiss works on the franc and debt worries dog the euro — it's time for your FX Fix.
Stocks could take another roller coaster ride Friday, as investors keep their eyes on Europe ahead of the weekend.
The Swiss franc, a stalwart against market turbulence, fell like a rock Thursday, in part on speculation that it could be temporarily anchored to the euro.
Japan is monitoring the yen, and the Swiss are fed up with the franc - it's time for your FX Fix.
Jonathan Cavenagh, Currency Strategist at Westpac Bank, Australia (Sydney), says the Japanese and Swiss central banks will not stop intervening because both countries are dependent on export-generated economic growth.
The Australian dollar has had quite a run. Is it over?
The dollar has held up nicely post-downgrade, and this strategist says the strength could continue.