GO
Loading...

Yen Slips, Chinese Data Cheers Investors

Chinese data gives a lift and Germany's Merkel dampens hopes - it's time for your FX Fix.

A plan to create a single banking supervisor for the euro zone is illegal, according to a secret legal opinion prepared for European Union finance ministers. [CNBC]

German Chancellor Angela Merkel gave a speech that dampened hopes for quick action on the debt crisis, and the euro slipped. [FT]

Strong Chinese economic data improved investor sentiment and lifted the euro, pound, and the Australian dollar. [WSJ]

The British pound got a lift from the first increase in U.K. retail sales in three months. [dailyfx.com]

The New Zealand dollar rose on strong Chinese economic reports . [moneycontrol.com]

Strong U.S. housing statistics and the possibility of Bank of Japan intervention sent the dollar higher against the yen.

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

CURRENCY FUTURES:

90falsefalsefalse300truetruetruefalsetruefalsebottomfalselarge1dayoverviewfalsefalsefalse0truehttp://api-cdn.cnbc.com/api/chart/chart.asp

GE

4true3DXC1:$ INDEX FUT::::future#UROC1:EUR FUT::::future#JYC1:JPY FUT::::future#BPC1:GBP FUT::::future#CDC1:CAD FUT::::future#

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