GO
Loading...

We Have a (Euro) Deal

European leaders finally agreed on the outlines of a rescue, and risk is back on big time — it's time for your FX Fix.

The euro hit a two-month high against the dollar after European leaders announced their plan. [CNBC]

The Australian dollar also surged after the announcement on relief about the global economy. [dailyfx.com]

The dollar slipped on the European news as investors moved out of safe havens. [dailyfx.com]

The Bank of Japan eased monetary policy in a bid to stem the yen's rise. [Reuters]

South Korea doubled its currency-swap deal with China, boosting its ability to protect its financial system from market turmoil. [FT]

-------------------------------------

MULTI CURRENCIES vs. THE DOLLAR

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.

Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.

Talk back: Tell us what you want to hear about at moneyinmotion@cnbc.com.

Featured