Euro Slips, Aussie Gets a Lift
The euro zone is in slowdown and Singapore steps in - it's time for your FX Fix.
Business activity in the euro zone s slowing more than expected, a new report said, and the euro fell. [CNBC]
German business confidence fell for the sixth straight month, adding to downward pressure on the euro. [WSJ]
U.K. factory orders fell more sharply than expected, and the British pound weakened. [Reuters]
A new report showed China's manufacturing activity ontracting more slowly than in September, and the Australian dollar lifted. [FT]
Hong Kong's central bank intervened for the fourth time in a week, trying to curb the Hong Kong dollar's strength and protect its peg to the dollar. [CNBC]
The Monetary Authority of Singapore has been regularly intervening in the market to keep the Singapore dollar in check. [fxstreet.com]
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 firstname.lastname@example.org.