Debt Woes Drag, and So Do Durable Goods
European debt worries go well beyond the Continent, and U.S. durable goods dent the dollar. Your FX Fix, right here.
Worries about sovereign debt pushed the euro to a record low against the Swiss franc. [CNBC]
This analyst thinks the euro may be trending toward $1.29 vs. the dollar. [CNBC]
Meanwhile, though, a weak durable goods report is pushing down the dollar. [RTTNews]
The Canadian dollar also headed south on worries about lower oil prices and worries about European debt. [canadianpress.com]
The Australian dollar moved lower on worries about global growth and - yes - European sovereign debt. [WSJ]
The yuan is moving higher after China's central bank raised a reference exchange rate, signaling willingness to let the currency rise to fight inflation. [WSJ]
Multi-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.