Euro Falls, Asian Currencies Sag, FOMC News Awaits
By: Kelley Holland | News Writer
Europe clouds the market, and the Swiss expect slowness - it's time for your FX Fix.
The dollar slipped ahead of a policy decision from the Federal Reserve's interest-rate setting committee meeting. [WSJ]
After rating agencies threatened European sovereign rating cuts, the euro touched two-month lows against the dollar. [CNBC]
Worries about Europe hit emerging market currencies in Asia. [economictimes.com]
The Indian rupee hit an all-time low against the dollar on worries about Europe and shrinking factory output. [CNBC]
It's official: the Swiss expect slower growth in 2012. The franc was mixed against other currencies after the forecasts' release. [RTT]
U.K. inflation slowed to 4.8% in November, as expected, but there is more speculation about possible stimulus in 2012. [fxstreet.com]
-------------------------------------
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.
