Money in Motion: Currency Trading
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Bank of England and ECB Hold Steady, Indonesia Cuts
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Currency Blogger, CNBC.com
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Greek talks go down to the wire, and central banks hold steady - it's time for your FX Fix.
The Bank of England left interest rates unchanged, and will inject another 50 billion pounds into the financial system. [Reuters]
The European Central Bank held interest rates steady. [BBC]
Greece's finance minister is meeting with European counterparts without full agreement on Greek budget reform. [CNBC]
Still, signs of progress in the Greek debt negotiations lifted risk appetite, and the dollar slipped. [marketwatch.com]
Chinese inflation jumped, reducing investor hopes for an economy-spurring rate cut. [thestreet.com]
Indonesia unexpectedly cut interest rates to spur growth - and the rupiah weakened. [CNBC]
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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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