It's On! Risk, That Is
Risk-on investors are back in action, and the euro is riding high. Here's your daily FX fix.
No news from Japan - or at least not much - is good news for buyers of risk-sensitive currencies. [WSJ]
The euro has hit a 2011 high on comments by European Central Bank President Jean-Claude Trichet indicating that he is holding firm on his interest-rate plans. [forexnewsnow.com]
The loonie is lifting off as oil prices rise and Canada stands to benefit. [Reuters]
Investors are braced for a fresh round of volatility in the currency markets. [FT]
MAJOR CURRENCIES VS. THE DOLLAR
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm.
"Money in Motion Currency Trading" repeats on Saturdays at 7pm.