Dollar Slips, Euro Steadies, Payrolls Await
All eyes are on nonfarm payrolls and the dollar is slipping — it's time for your FX Fix.
Awaiting the nonfarm payroll report, the dollar slipped in London trading. [FT]
The euro edged higher after two days of losses, but remained fragile after the European Central Bank's failure to deliver the stimulus investors sought. [CNBC]
The Australian and New Zealand dollars held near all-time highs on the euro after its two-day fall. [CNBC]
An intensification of the euro zone crisis would cause a significant reduction in global economic output, the IMF says in a new report. [FT]
Italy and Spain saw their borrowing costs fall after European Central Bank President Mario Draghi said any ECB bond-buying program would focus on shorter-term paper. [WSJ]
Serbia's central bank governor resigned and the Serbian dinar fell half a percent. [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 firstname.lastname@example.org.