Euro Lifts, Dollar Slips, Nonfarm Payrolls Loom
By: Kelley Holland | News Writer
The European Central Bank's bond buying plan is a hit, and nonfarm payrolls await - it's time for your FX Fix.
The euro hit a two-month peak as investors cheered the European Central Bank's bond buying plan. [CNBC]
The bond buying plan also sent the euro close to a five-month high against the Swiss franc. [WSJ]
With a key employment report looming, and the potential for more quantitative easing, the dollar slipped. [FT]
Industrial production in the U.K. unexpectedly expanded in July, but the British pound was little changed against the dollar. [actionforex.com]
Latin American currencies gained as risk appetite improved on news of the European Central Bank's bond buying intentions. [Reuters]
Model fund traders sold the dollar for the South African rand, making it the biggest gainer in a basket of emerging market currencies. [fin24.com]
---------------
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.
