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Dollar Lifts, Yen Stalls, Banks' FX Trading Profits Slip

Friday, 16 Nov 2012 | 7:47 AM ET

The fiscal cliff walk begins and the yen takes a breather - it's time for your FX Fix.

The yen paused in its selloff, but was poised for its biggest weekly loss since late June thanks to expectations of monetary easing. [CNBC]

With negotiations on the 'fiscal cliff' pening, the safe-haven dollar strengthened against the euro. [fxstreet.com]

Confusing messages on a possible banking union from European Central Bank members sent the euro lower. [dailyfx.com]

Germany's Bundesbank chief said the question of a writedown of Greek debt was "open." [WSJ]

With central bank interventions denting trading strategies, and volatility low, investment banks' profits on currency trading are slipping. [FT]

Investors with strong stomachs are starting to buy the Iraqi dinar, but it's an illiquid trade fraught with risks. [CNBC]

Currency Futures

  Name Price   Change %Change
USD IDX FUT
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USD/JPY FUT
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GBP/USD FUT
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USD/CAD FUT
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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.

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