Euro Rises, Merkel and Sarkozy Do Lunch
The euro lifts, the French and German leaders meet, and the Swiss go shopping - it's time for your FX Fix.
The euro rose against the dollar as traders trimmed short positions, but more weakness is anticipated. [CNBC]
German Chancellor Angela Merkel and French President Nicolas Sarkozy are to continue crafting new fiscal rules for the euro zone over lunch today. [marketwatch.com]
Swiss retail sales beat expectations, and the Swiss franc moved higher against the dollar. [dailymarkets.com]
Switzerland's central bank president will be grilled by a Parliamentary committee over his wife's currency trades. [CNBC]
The Turkish lira strengthened after repo and forex auctions and tough talk by officials on defending the currency. [CNBC]
MULTI CURRENCIES VS THE DOLLAR
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 firstname.lastname@example.org.