Dollar and Yen Lift, Aussie Sinks on Euro Zone Woes
Greece weighs on the euro and safe havens get a lift - it's time for your FX Fix.
The euro pared losses after hitting a four-month low against the dollar after Moody's downgraded Spanish banks. [CNBC]
Worries about the crisis in Europe fueled demand for safe havens and lifted the dollar. [CNBC]
Japan's finance minister stepped up efforts to talk down the resurgent yen. [WSJ]
The turmoil in Greece is making currency hedging trickier, and fund managers are reducing their positions in Asian currencies. [WSJ]
Disappointing U.S. manufacturing data and worries about Greece sent the Australian dollar down to levels not seen since last November. [WSJ]
Projected market volatility hit its highest level since December, stoking investors' appetite for safe havens. [Reuters]
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 firstname.lastname@example.org.