The Bank of England holds steady, New Zealand stands pat, and everyone is watching the EU summit - it's time for your FX Fix.
Officials played down expectations for the European Union summit, and the euro weakened. [CNBC]
Investors expect an interest rate cut at today's European Central Bank meeting. [BBC]
Some central banks in Europe are preparing for the possibility of countries leaving the euro zone. [WSJ]
J.P.Morgan told investors to at least hedge most of their exposure to the euro. [WSJ]
The Bank of England left both interest rates and its quantitative easing program unchanged.The pound was stronger on hopes for the EU summit. [dailyfx.com]
New Zealand's central bank kept interest rates steady, but the dovish tone in its statement sent the New Zealand dollar lower. [WSJ]
-------------------------------------------
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.
