Safe Havens Look Hot and the Euro Sags
By: Kelley Holland | News Writer
Options market signals flash and investors seek comfort in the dollar and yen - it's time for your FX Fix.
Safe haven currencies gained favor as investors fretted about the efficacy of central bank stimulus moves. [FT]
Growing concerns about Spain's delay in requesting a bailout dulled risk appetite and sent the British pound lower. [CNBC]
Worries about Spain and about a possible rating action by Moody's took the euro to a two-week low against the dollar and yen. [WSJ]
Options market gauges suggest indicate that investors expect the euro to become more volatile, and further losses could be in store [WSJ]
Weakness in Asian stock markets weighed on the Australian and New Zealand dollars. [CNBC]
New Zealand recorded its widest trade deficit since 2009, thanks partly to recent strength in the New Zealand dollar, but the kiwi was little changed. [actionforex.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.
