Slip 'n Slide Day For Dollars
No backyard fun here - the U.S. dollar slips on jobs data, and the Australian, Canadian, and New Zealand dollars slide as commodity prices fall. It's FX Fix time again.
The dollar fell against the euro after job gains came in lower than expected. [CNBC]
Commodity currencies also fell as silver and gold prices declined. [WSJ]
The other shoe fell in Portugal as that country agreed on bailout terms with the European Union and IMF. [CNBC]
China's central bank said it is "critical" to stabilize prices and manage inflation, suggesting it might increase efforts to cool economic growth. [forexfactory.com]
The Japanese yen is rising for a second day as commodity prices fall and investors look for a safe haven if China does step up efforts to curb growth. [fxstreet.com]
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.