The Dollar Is Up and the Euro Is Slipping. No, This Isn't a Typo
It's quiet out there. A little too quiet. And forex traders are getting edgy. [FT]
Currency markets aren't just for trading. Some investors have figured out - surprise! - that they can use currencies to hedge.
Euro traders are rediscovering the law of gravityas the euro gives back some of its recent rise.
Meanwhile, the dollar is finding some footing - at least against the euro - as traders start to focus again on the sovereign debt problems in Europe.
The Canadian dollar is mostly keeping pace with its south-of-the-border counterpart after the government reported relatively strong housing starts.
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