Dollar Investors Head for the Exits
By: Kelley Holland | News Writer
Debt woes hit the dollar - again - and Asian currencies lift off. Time for your daily FX Fix.
The dollar hit a record low against the Swiss franc - again - on debt-deal worries and Congressional gridlock. [CNBC]
The yen hit a four-month high against the dollar as investors looked for safe havens. [marketwatch.com]
In Europe, squabbling over the fragile Greek rescue plan is heating upand denting the euro. [WSJ]
Asian currencies soared against the dollar on expectations that the U.S. will lose its AAA rating. [WSJ]
A rising CPI pushed the Australian dollar higher. [WSJ]
Think the forex market is a $4 trillion market? Try $4.7 trillion. [WSJ]
CURRENCY FUTURES:
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"Money in Motion Currency Trading" repeats on Saturdays at 7pm.
