Euro Slips, Pound Trips, Asian Central Banks Intervene
Greek drama enters a new act and Germany's Angela Merkel offers tough love - it's time for your FX Fix.
Greece announced it would hold new elections and the euro hit a four-month low against the dollar. [CNBC]
The British pound fell to a four-week low against the dollar after the Bank of England cut its growth forecast. [FT]
The Bank of England and other authorities have been discussing contingency plans for a Greek exit from the euro "for some time," says Governor Mervyn King. [CNBC]
German ChancellorAngela Merkel told CNBC she wants Greece to stay in the euro zone, but says it must honor its commitments. [CNBC]
Worries about contagion from the euro zone crisis hit emerging Asian markets, and central banks in South Korea and Indonesia intervened to defend their currencies. [WSJ]
The Indian rupee hit a record low against the dollar despite intervention and other moves by the central bank. [CNBC]
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 email@example.com.