Euro Sags, Dollar Drags, Aussie Lifts
The dollar drags on Obama's win and the euro sags on German gloom - it's time for your FX Fix.
The dollar fell after President Obama's re-election on expectations that quantitative easing will continue. [CNBC]
President Obama's re-election also sent the Australian dollar higher in Asian trading. [WSJ]
German industrial output fell more than expected in October as the euro zone crisis dragged on, and the euro fell. [Reuters]
The yen's weakness may signal a turning point for the currency, pros say. [FT]
A fresh inflation report in Brazil sent the real higher, as did prospects for dollar inflows. [WSJ]
China's central bank set a firmer midpoint for the yuan, which firmed slightly. [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 firstname.lastname@example.org.