Money in Motion: Currency Trading
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Euro Steadies, Pound Slips, Hungary Talks to the IMF
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Currency Blogger, CNBC.com
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British trade data disappoints and Fitch offers tough love for the euro - it's time for your FX Fix.
The euro steadied against the dollar, but investors are fretting about upcoming Spanish and Italian bond sales. [CNBC]
The British pound weakened after data showed the U.K. trade gap widened more than expected. [Nasdaq]
Hopes that Hungary would reach a deal with the IMF on financing lifted the forint. [WSJ]
Bank of New York Mellon is in talks with U.S. authorities to resolve a civil lawsuit claiming it overcharged customers on currency trades. [FT]
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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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