Loonie Dips, Euro Slips, Pound Sinks
With all eyes on Europe, risk-on currencies head south - it's time for your FX Fix.
Rising bond yields on Italian and Spanish debt underscored Europe's problems and sent the euro lower. [CNBC]
European GDP grew by 0.2% in the third quarter, as expected, and recession talk is also weighing on the euro. [dailyfx.com]
British inflation eased to 5%, sending the pound lower against the dollar. [economictimes.com]
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 email@example.com.