GO
Loading...

Aussie Jumps, Euro Lifts, Korea Cuts

Thursday, 11 Oct 2012 | 8:27 AM ET

Australians get to work and the euro bounces back - it's time for your FX Fix.

The euro recovered from losses after a credit-rating cut as a Spanish official said bailout-related purchases will start soon. [dailyfx.com]

The dollar rose against the yen ahead of the upcoming U.S. jobless claims report. [fxstreet.com]

Australia's latest jobs report beat expectations handily, and the Australian dollar jumped. [businessinsider.com]

China's central bank allowed the yuan to close at a record high. [Reuters]

The Bank of Korea cut interest rates and sharply lowered its economic growth forecast, and the won slipped before ticking higher. [CNBC]

As expected, Indonesia kept its interest rates steady, and most economists expect no change for the rest of 2012. [CNBC]

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

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