Go Symbol Lookup
Loading...

Lowe's Earnings Fall Short of Estimates; Shares Slide

Dollar Lifts, Euro Dips, the IMF Gets Gloomy

 Text Size  
Published: Wednesday, 10 Oct 2012 | 7:42 AM ET
Kelley Holland By:

News Writer

Earnings weigh on risk and the IMF issues a euro zone warning - it's time for your FX Fix.

Concerns about corporate earnings dampened risk appetite, and the dollar held near a one-month high. [CNBC]

Leaders' stuttering progress in addressing the euro zone crisis put pressure on Spanish and Italian bonds, and sent the euro lower. [CNBC]

The IMF warned in a new report that the euro zone is at risk of a "downward spiral of capital flight, breakup fears and economic decline." [actionforex.com]

Downbeat consumer sentiment data sent the Australian dollar lower. [WSJ]

The Bank of Japan said the strong yen was a factor in its latest rate cut, which could fuel market expectations for a new cut if the currency rises further. [WSJ]

Reports that South Africa's labor strife may be close to a resolution sent the battered rand higher. [WSJ]

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

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.

 Print
Earnings weigh on risk and the IMF issues a euro zone warning — it's time for your FX Fix.

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            
            
        

Featured

Community

  • Crosses. Pairs. The figure. What do these terms mean? Click on Key Currency Terms, and learn the essential vocabulary used every day in the $4 trillion dollar currency market.

  • Sign up for CNBC's Money In Motion Currency Trading Editions of Morning Brief and Evening Brief.