Euro Is Punished, Yen and Swiss Franc Soar
The euro takes a beating and the trade deficit dents the dollar - time for your FX Fix.
Euro zone leaders are trying to find new ways to help Greece, but euro traders have punished the currency anyway. [CNBC]
Rumors of buying by the European Central Bank are helping the stem the euro's slide. [businessinsider.com]
Investors want safe havens, and that is lifting the yen and the Swiss franc. [FT]
The yen's surge to a five-month high against the dollar is being "watched closely" by Japanese officials. [CNBC]
The U.S. trade gap widened more than expected, and it took the wind out of the dollar's sails. [CNBC]
South Korea is increasingly focused on fighting inflation, and will likely be intervening less to curb the won's strength. [FT]
China's foreign exchange reserves soared, highlighting the risks of holding down the value of the yuan. [FT]
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.