Dollar Sails, Euro Sags
Inflation bites in China, Italy and Greece sting the euro - it's time for your FX Fix.
As euro-zone officials get ready for an emergency meeting on Greece, the euro is falling, at one point to under $1.41. [WSJ]
It's a risk-off kind of day and the dollar is lifting. [dailyfx.com]
Investors' search for safe havens is sending them away from the Australian dollar. [WSJ]
Inflation in China hit a three-year high and the central bank vowed to make it a priority, raising rate-hike expectations. [Reuters]
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.