The Dollar's Dragging and the Euro Isn't Flagging
The dollar's in the dumps, the euro is flying high, and high-speed traders are on the loose. Time for your daily FX Fix.
Traders are taking profits on the South Korean won and the Indonesian rupiah ahead of any Federal Reserve news. [Economic Times]
In Europe, on the other hand, the euro hit a 16-month high against the dollar, partly because Spain survived another debt auction. [Reuters]
Meanwhile, the dollar just keeps sliding. [WSJ]
The weak dollar may be hurting Corporate America more than helping it. [WSJ]
Hold onto your hats: high-speed traders have been wading into the currency markets. [WSJ]
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.