Money in Motion: Currency Trading
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Yen Slips, Dollar Lifts, Euro Manufacturing Slows
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Currency Blogger, CNBC.com
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The yen takes a hit, the currency market slows down - it's time for your FX Fix.
The yen hit a seven-month low against the dollar after recent monetary easing by the Bank of Japan. [CNBC]
Growth in German manufacturing and services slowed in February, a new report showed, and the euro is under pressure. [CNBC]
The purchasing managers' index for the overall euro zone bloc also came in lower than expected. [dailyfx.com]
The Australian and New Zealand dollars nudged lower as investors took profits on the currencies after the Greek bailout deal. [CNBC]
The currency market is experiencing its first slowdown since the 2008 financial crisis. [WSJ]
The British pound hit a 10-week low against the euro after Monetary Policy Committee minutes showed some members had voted for more extensive quantitative easing. [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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