Euro Steadies, Yen Dips, Aussie Gets a Break
Euro gets a reprieve and stimulus talk hits the yen - it's time for your FX Fix.
The euro traded firm above recent lows, but remained under pressure from the turmoil in Europe. [CNBC]
Net short positions in the euro hit a record high. [FT]
The yen weakened on speculation that the Bank of Japan may inject economic stimulus. [fxstreet.com]
The Australian dollar moved off recent lows as Spanish bond yields improved, easing concerns, but traders said the gains have yet to be consolidated. [theaustralian.com]
Adam Posen of the Bank of England said monetary policy alone won't solve the euro zone crisis and governments need to play an active role. [Reuters]
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 email@example.com.