Euro Stays Vulnerable, British Pound Takes a Hit
By: Kelley Holland | News Writer
British output falls and kiwis drop - it's time for your FX Fix.
The euro jumped, but remained vulnerable, after a European Central Bank policymaker suggested a way to strengthen the bailout fund. [CNBC]
The euro zone has at most two years to continue in its current form, says the chairman of Goldman Sachs Asset Management. [CNBC]
New reports from Germany and the Netherlands suggest economic weakness is spreading to the euro zone's stronger countries. [WSJ]
Britain's GDP fell more than expected, and the pound weakened. [FT]
New Zealand's latest trade balance report beat expectations, but the New Zealand dollar slipped anyway. [dailyfx.com]
The yuan hit a new 10-month low, following the euro. [CNBC]
Russia widened the ruble's trading band, and it fell to a two-week low. [CNBC]
---------------------------
CURRENCY FUTURES:
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 moneyinmotion@cnbc.com.
