GO
Loading...

Euro Under Pressure, Pound Slips

The British fret over Europe and Germany's bond auction disappoints - it's time for your FX Fix.

France and Belgium are said to be wrangling over the Dexia deal terms, and worries about the impact on France are denting the euro. [CNBC]

Weak demand for a German bond auction is also weighing on the euro. [WSJ]

A downbeat Chinese manufacturing report weighed on the euro and on Asian currencies. [WSJ]The Singapore dollar was close to a seven-week low on all the instability. [WSJ]

The Bank of England's Monetary Policy Committee said the euro zone crisis is more of a threat to the U.K., but now is not the time for more stimulus.The pound slipped. [BBC]

Worries about the global economy have sent the Indian rupee to an all time low. [BBC]

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

CURRENCY FUTURES:

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