Euro Slips, Swiss Franc Slides, Metallica Studies Forex
The euro slips on credit warnings, and Metallica rocks currencies — it's time for your FX Fix.
Swiss prices fell in November, and the Swiss franc fell sharply on worries that the central bank will change its target rate against the euro. [nasdaq.com]
Australia's central bank cut interest rates 25 basis points, and the Australian dollar fell. [WSJ]
The new pan-European Union securities watchdog warned consumers about unregulated FX firms selling things like contracts for difference and forward contracts. [FT]
Amid the crisis negotiations, the European Central Bank released an online video celebrating the euro's first ten years. [FT]
Metallica and other rock bands are trying to master the currency markets to protect their overseas income. [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.
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