Money in Motion: Currency Trading
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Euro Sags, Loonie Heads South
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Currency Blogger, CNBC.com
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A French bond sale fails to lift the euro, and the dollar is edging up - it's time for your FX Fix.
A decent French bond auction failed to quell worries about the euro, which stayed weak. [CNBC]
The dollar edged up against the yen after hitting a six-week low on Wednesday. [fxstreet.com]
The Canadian dollar moved below its 100-day moving average against the dollar, possibly setting the stage for more weakness. [FT[
China's central bank set an unexpectedly weak reference rate for the yuan, driving it lower. [WSJ]
Hungary promised to make a deal with international lenders to shore up its finances, but the forint kept falling. [CNBC]
A controversy over currency trades by the Swiss National Bank's president and his wife is heating up. [WSJ]
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MULTI CURRENCIES VS THE DOLLAR
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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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