Money in Motion: Currency Trading
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Investors Ready for Next Act in the Greek Drama
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Currency Blogger, CNBC.com
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Greek hopes persist and the Australian and New Zealand dollars are lifting off - time for your FX Fix.
Euro short positions were trimmed on hopes for a Greek debt deal, and the euro rose. [CNBC]
Greece's prime minister and party leaders are meeting against this morning to try for a fiscal reform deal. [Reuters]
The British pound held steady after a report from the British Retail Consortium showed lower inflation. [nasdaq.com]
A day after Australia's central bank surprised markets by not cutting rates, the Australian and New Zealand dollars neared multi-month highs. [CNBC]
The Chinese yuan rose after the central bank set a more bullish reference exchange rate.[WSJ]
Franklin Templeton Investments has been betting that Ireland and Hungary will recover from their pounding during the European debt crisis. [NYT]
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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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