Money in Motion: Currency Trading
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Euro Lifts, British Pound Slips, Swiss National Bank Feels the Heat
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Currency Blogger, CNBC.com
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Economic news lifts the euro, politics fail to dent the Aussie - it's time for your FX Fix.
The euro rose to a 2 1/2 month high against the dollar after a German IFO survey indicated more economic strength than expected. [CNBC]
The Australian dollar shook off the effects of a political set-to and recovered from early losses. [WSJ]
The yen continued a slide triggered by the Bank of Japan's move to stimulate the economy. [WSJ]
Germany is set to resist increasing the size of the firewall created to prevent the spread of Greece's problems. [FT]
The British pound slid to a 10-week low against the euro on worries that the Bank of England might increase its quantitative easing program. [FT]
Investors seem to be testing the Swiss National Bank's determination to curb the strength of the Swiss franc. [fxstreet.com]
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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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