Dollar Dips, Euro Lifts, Investors Await Bernanke
Bernanke's testimony looms and British inflation sinks - it's time for your FX Fix.
Worries that Fed Chairman Ben Bernanke will hint at more monetary stimulus sent the dollar lower. [CNBC]
Meanwhile, hope for stimulus talk from the Fed chairman boosted risk appetite and sent European stocks and the euro higher. [CNBC]
Buying by hedge funds also lifted the euro as it triggered a flurry of stop-loss buying by other investors. [CNBC]
British inflation fell faster than expected, and the pound slid. [Reuters]
Spain sold short-term debt at lower rates in its first debt auction since the government's latest package of austerity measures. [CNBC]
The rupiah's slidein recent months suggests investors are worried about the outlook for Indonesia's economy. [WSJ]
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.