British Pound Takes a Beating, Euro Keeps Sliding
Risk appetite falls as Italian bond auction disappoints - it's time for your FX Fix.
The euro fell against the yen and the dollar after yields at an Italian bond auction came in close to 7 percent. [CNBC]
The British pound hit a 2 1/2 month low against the dollar on heavy sterling offers on electronic trading systems. [Reuters]
The Russian ruble extended its losses against the dollar after the central bank widened its trading band. [CNBC]
Dithering and indecision allowed the EU crisis to become a global threat. [WSJ]
The yuan strengthened as companies raised yuan cash for year-end settlements. [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 email@example.com.