Yen Slumps, Dollar Lifts, Euro Zone Recession Restarts
By: Kelley Holland | News Writer
Japan could face aggressive new stimulus moves and the euro zone is back in recession — it's time for your FX Fix.
The head of Japan's opposition party called for aggressive monetary easing, and the yen slumped. [CNBC]
The euro zone economy officially fell back into recession, but the economy contracted less than expected and the euro stayed resilient. [FT]
A top European Union official said Spain needs no new more austerity measures through 2013, signaling the EU may be changing its austerity-based crisis response. [CNBC]
With stocks slipping, the dollar has risen to challenge key technical resistance. [dailyfx.com]
U.K. retail sales fell at their fastest rate in six months, but the British pound held firm. [dailyfx.com]
Sweden's unemployment rate increased compared to October 2011, and the Swedish krona lost ground against the euro. [RTT]
Currency Futures
| Name | Price | Change | %Change | ||
|---|---|---|---|---|---|
| USD IDX FUT | --- | ||||
| EUR/USD FUT | --- | ||||
| USD/JPY FUT | --- | ||||
| GBP/USD FUT | --- | ||||
| USD/CAD FUT | --- |
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.
