Go Symbol Lookup
Loading...

Safe Havens Get a Lift, Aussie Takes a Hit

 Text Size  
Published: Tuesday, 8 May 2012 | 8:18 AM ET
Kelley Holland By:

News Writer

Europe's elections cast a long shadow and Iran takes yuan - it's time for your FX Fix.

The euroslipped on continued worries about the political changes in France and Greecedespite strong industrial data from Germany . [dailyfx.com]

The yengained across the board as investors sought safe havens after the European elections . [RTT]

Gold futures slipped and the dollarrose in the wake of the elections in Europe. [marketwatch.com]

Australia logged its third straight monthly trade deficit , and the Australian dollarslipped. [WSJ]

Iran is accepting Chinese currencyfor some of the oil it supplies to China, partly due to U.S. sanctions. [FT]

The IMFwarned that Myanmar's kyat is about 40 percent overvalued now that it is allowed to float. [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 atmoneyinmotion@cnbc.com .

 Print
Europe's elections cast a long shadow and Iran takes yuan - it's time for your FX Fix.

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            
            
        

Featured

Contact

Sponsor Links

  • Trade Currencies with FXCM. Get a FREE New to Forex Trading Guide to learn more about Forex and how to trade it.

  • Trade currencies online with FOREX.com. Get started today with a free $50,000 practice account.

Community

  • Crosses. Pairs. The figure. What do these terms mean? Click on Key Currency Terms, and learn the essential vocabulary used every day in the $4 trillion dollar currency market.

  • Sign up for CNBC's Money In Motion Currency Trading Editions of Morning Brief and Evening Brief.