Euro Slips, Dollar Lifts, Krona Buyers Get a Scolding
China's trade report disappoints and Sweden talks tough — it's time for your FX Fix.
Doubts that the European Central Bank will be able to stem the debt crisis sent the euro lower for a third day. [CNBC]
Weaker than expected trade data from China raised fears of a slowdown and weighed on the Australian dollar. [CNBC]
Disappointing Chinese trade data tamped down risk appetite and sent the dollar and yen higher in Asian trading. [dailyfx.com]
A downbeat U.K. producer price inflation report, and renewed concerns about a global economic slowdown, weighed on the British pound. [forexpros.com]
The euro's weakness is pushing some other currencies to their highest points in years, and officials in Australia, Britain, and New Zealand are concerned. [WSJ]
Sweden's finance minister, pushing back on the krona's strength, says it is too early to call the Swedish currency a safe haven. [FT]
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.