Euro Slips, Options Point to Worse
Contagion fears rise in Europe and the British go shopping - it's time for your FX Fix.
Soaring yields at a Spanish bond auction raised fears of debt contagion and weighed on the euro. [CNBC]
Think China's $3.2 trillion in forex reserves can wipe out the euro zone's debt problems? Think again. [CNBC]
Oanda, an online trading platform for retail investors, is advising its clients to move to the sidelines while market is so driven by headlines from Europe. [WSJ]
The British pound strengthened against the dollar after U.K. retail sales unexpectedly rose in October. [Reuters]
The Indian rupee is sinking toward a ten-year low against the dollar on pessimism about the Indian economy. [WSJ]
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 firstname.lastname@example.org.