Canadian Dollar Hits an Oil Slick, Aussie Slips on Retail Sales
Spain pains the euro, falling oil prices sink the loonie and retail sales send the Aussie south - it's time for your FX Fix.
The euro hit a 23-month low on growing concerns about Spain's banks and borrowing costs. [CNBC]
Risk aversion is propping up both the dollar and the yen. [RTT]
European Union executives proposed a "banking union" to let member countries share the burden of bank failures, and the euro bounced off its earlier lows. [Reuters]
Slowing domestic growth and worries over Europe drove the yuan to a five-month low against the dollar. [WSJ]
Falling oil prices sent the Canadian dollar lower. [RTT]
The Australian dollar slipped after a disappointing retail sales report. [WSJ]
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.