GO
Loading...

Dollar Lifts, Yuan May Loosen Up

Wednesday, 14 Mar 2012 | 8:03 AM ET

The Fed buoys the buck and China's president talks reform — it's time for your FX Fix.

The dollar rose broadly after improving U.S. data and a slight upgrading of the Federal Reserve's forecasts. [CNBC]

China's president says the country will accelerate currency reforms and yet the yuan float more freely. [CNBC]

The euro inched higher after the release of fresh data on consumer prices and industrial production. [RTT]

A more upbeat tone from the Federal Reserve and weak domestic data sent the Australian dollar lower. [WSJ]

Disappointing U.K. labor market data weighed on the British pound. [FT]

Brazil's finance minister said the country will continue trying to rein in its currency while addressing chronic structural economic problems. [WSJ]

---------------------------

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 moneyinmotion@cnbc.com.

Featured