Euro Sags, Risk Appetite Softens on Greek Deal Holdup
Greek drama staggers on, and risk appetite sags - it's time for your FX Fix.
Final approval for a Greek debt deal remained elusive, and the euro sagged. [CNBC]
Greek unions launched a general strike against the austerity measures, adding to pressure on the government. [CNBC]
Investors shied away from risk amid the confusion in Europe, and the dollar edged higher. [WSJ]
Traders took profits on five weeks of gains in the Australian and New Zealand dollars, and the currencies fell. [CNBC]
Emerging market currencies also fell on news of the latest snag in Greek restructuring talks.
Japan vowed to go it alone on currency interventions, if necessary, to keep the yen in check. [FT]
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.