Euro Steadies, But Central Banks Are Selling
Central banks sell euros and the Russian ruble slides - it's time for your FX Fix.
The euro held steady as bond yields easedfor some countries in the euro zone periphery. [CNBC]
Central banks in emerging markets have been selling euros to shore up their own sagging currencies. [FT]
Euro zone industrial producer price inflation hit a 25-month low, giving the European Central Bank breathing room to cut interest rates. [RTT]
Spanish President Mariano Rajoy called for a European fiscal authority to control national budgets and debt levels. [fxstreet.com]
As oil prices slid, the Russian ruble touched a three-year low, into a range where the central bank usually intervenes. [CNBC]
A rout in Asian stocks dented the Australian and New Zealand dollars a day before a Reserve Bank of Australia meeting. [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.