GO
Loading...

Euro Slips, European Finance Ministers Stall

Monday, 17 Sep 2012 | 8:00 AM ET

European finance ministers kick the can again and risk appetite is off — it's time for your FX Fix.

European finance ministersdeferred action on a bailout for Spain, a bailout extension for Greece, and a common supervisor for Europe's banks, and the euro slipped. [CNBC]

Extending gains following the Swiss National Bank's vow to maintain its currency cap, the euro hit an 8-month high against the Swiss franc. [economictimes.com]

Risk-sensitive currencies fell and the dollar regained a little ground as the post-QE3 announcement rally fizzled. [WSJ]

In the wake of comments on the strong yen by Japan's finance minister and with a Bank of Japan meeting approaching, the dollar rose against the Japanese currency. [Reuters]

The Australian dollar drifted lower, but traders said it was gaining support from stabilizing iron ore prices. [WSJ]

Profit taking hit the New Zealand dollar after last week's strong rally in risk-sensitive currencies. [WSJ]

Has the Fed's announcement of QE3 also unleashed a new round of verbal currency intervention? [FT]

----------------------

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 moneyinmotion@cnbc.com.

Featured