Dollar Lifts, Commodity Currencies Under Fire
Risk aversion lifts the dollar and Brazil and China do a deal - it's time for your FX Fix.
Investors seeking safe havens sent the dollar to its highest level in more than a week. [CNBC]
The British pound steadied against the dollar after falling on news of big bank downgrades by Moody's. [Reuters]
Fears about global growth and tumbling commodity prices have commodity currencies under pressure. [WSJ]
Germany's index of business confidencefell to its lowest level in two years, adding to pressure on the European Central Bank to cut interest rates. [WSJ]
Brazil and China entered into local currency swap worth as much as $30 billion. [FT]
Spain is expected to apply officially for bank aid on Monday. [fxstreet.com]
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.